Origination

DocMagic has partnered with Mountain America Credit Union to provide paperless loan closings to current service members as well as veterans.

Six years after Angelo Mozilo lost control of the largest mortgage lender in the U.S., and days after news that the U.S. Attorney's Office in Los Angeles plans to sue him, the Countrywide Financial Corp. founder is baffled by a new effort to punish him, proud of past triumphs and incensed by criticism.

Home prices continued to climb through the end of the summer, according to data released Tuesday from two separate market research firms.

Banks with large mortgage operations are struggling with lower profit margins, detrimental fair-value accounting rules and new regulations that add cost. The market is discounting their stocks as a result, but many of these banks say the blanket assessment is unfair.

Kofax, a maker of imaging and business process management software, is acquiring Softpro, a provider of fraud prevention and electronic signature software based in Boeblingen, Germany, for $34.7 million in cash.

New York Attorney General Eric Schneiderman has charged Evans Bancorp in Hamburg, N.Y., with deliberately failing to provide mortgages in minority neighborhoods in Buffalo.

Redwood Trust and the Federal Home Loan Bank of Chicago are revving up a program to buy and securitize jumbo loans and looking for signs that other FHLBs will participate.

Such a system will not erase past violations, but it can help convince a regulator that a lender is invested in doing business the "right way."

Lennar Homes and RBC Bank have formalized their unofficial agreement to help provide mortgages to Canadians buying homes in Southwest Florida.

The Bank of Napa has established a relief fund for victims of the recent California earthquake, which was centered in the bank's local area.