Origination

First Internet Bank of Indiana is expanding its residential mortgage lending in its home state by offering the U.S. Department of Agriculture Rural Development loan guarantee program.

Mortgage professional hiring and new job appointments for the week ending May 22.

Fannie Mae has a pessimistic outlook on U.S. economic growth following underwhelming first-quarter numbers in 2015, though mortgage market optimism remains thanks to low interest rates.

The cost to rent housing grew at a faster rate than home values in April, as rising rents make it difficult for many consumers to afford a mortgage, according to Zillow's monthly real estate report.

Promontory said Wednesday that it acquired FS Advisory from Date, who founded the consulting practice along with Fenway Summer in 2013 after leaving the Consumer Financial Protection Bureau as deputy director.

Home purchase loans have once again taken the majority share of originations, although volume shrunk by 11% from the same time last year.

Mortgage bankers facing new demands on their businesses are becoming increasingly interested in new sources of liquidity, particularly through mortgage servicing rights financing vehicles.

Purchases of previously owned homes unexpectedly fell in April, a sign the industry's recovery remains uneven.

Mortgage rates fell for the first time in a month, cutting costs for buyers during the housing market's busiest time of the year.

VidVerify, a new company started by a co-founder of Lenders One, produces online videos that educate borrowers on the milestones of the mortgage process, while helping lenders ensure regulatory compliance.