Origination

Mercury Network, the mortgage lender and appraisal management company software unit of a la mode, was acquired by private equity firm Serent Capital, the companies announced Thursday.

PHH Corp. reported a strong jump in income due to favorable adjustments to mortgage servicing rights and increased mortgage application volume.

Walter Investment Management Corp. dropped to a $31 million net loss on decreasing net servicing fees and a significant fair value charge to mortgage servicing rights.

Conforming loan rates hit their highest levels in two months during the first week of May, according to the Freddie Mac Primary Mortgage Market Survey.

To survive and thrive, community banks must follow the lead of nonbank mortgage lenders by embracing digital technology and customer convenience.

The Boston and San Francisco Home Loan banks are poised to join the MPF Direct program, which allows FHLB members to sell jumbo loans to Redwood Trust.

The regulator of Freddie Mac and Fannie Mae plans to ease annual restrictions on their apartment mortgage business to prevent a lending slowdown.

Quarterly delinquency rates hit their second lowest rate since 2007-2008's real estate meltdown, according to the Mortgage Bankers Association.

Mortgage applications were down 4.6% on a seasonally adjusted basis for the week of May 1, according to the Mortgage Bankers Association.

Everything old is new again when it comes to planning and marketing.