Origination

Like the ER, the mortgage process starts out with a high degree of both anxiety and frustration, especially at the beginning.

The Consumer Financial Protection Bureau's guidance on the growing mortgage mini-correspondent business has scared some originators to the point that they are considering converting to branches of larger retail lenders.

MGIC Investment in Milwaukee reported a nearly fourfold jump in income for the second quarter driven primarily by lower incurred losses as new insurance increased.

HomeStreet Bank will provide home loan financing and homeownership education to students, alumni and staff of Western Governors University Washington.

Confidence among homebuilders rose more than forecast in July, reaching the highest level in six months, as growing payrolls brightened the outlook after a shaky first half.

Mortgage applications decreased last week from the previous week, led by a drop in purchase loan requests.

First Commonwealth Financial Corp. in Indiana, Pa., has launched a new residential mortgage banking division.

"The real question for me is should we be in the FHA business at all," the CEO says.

PennyMac Mortgage Investment Trust has entered into a repurchase agreement with Bank of America to finance roughly $550 million in newly originated mortgage loans, though its subsidiary PennyMac Operating Partnership.

The Federal Home Loan Bank of Chicago is launching a pilot program soon to buy home loans and issue Ginnie Mae securities. The program could allow community banks and credit unions to stay in the mortgage business.