Origination

Fair Isaac's new credit scoring model includes enhancements to evaluate borrowers with limited credit histories and quantify the risk associated with different types of debt.

Ellie Mae has agreed to buy AllRegs, an electronic publisher of underwriting guidelines.

Zais Financial Corp., a real estate investment trust in Red Bank, N.J., has acquired the privately owned mortgage company GMFS in Baton Rouge, La., for approximately $61 million.

Banks and other lenders appear to be waiting on a regulatory signal from the Federal Housing Finance Agency before approving loans for borrowers with less than stellar credit profiles.

Though some borrowers will suffer from payment shock when home equity lines reach their end-of-draw-period after 10 years, the risks are isolated. Fewer than 20% of home equity lines have an elevated risk of default in the next few years, TransUnion found.

Radian Group Inc. jumped in New York trading after the mortgage insurer posted a second-quarter profit as the housing market improved.

Northrim BanCorp in Anchorage, Alaska, has agreed to buy Residential Mortgage Holding Co.

Fannie Mae will give the Treasury Department $3.7 billion next month after the largest financier of mortgages posted its 10th-consecutive quarterly profit.

Freddie Mac will pay the Treasury Department $1.9 billion after the second-largest financier of mortgages posted its 11th consecutive quarterly profit.

Mortgage rates for 30-year loans rose for the first time in four weeks as borrowing costs that remain close to record lows spurred more Americans to refinance their homes.