Origination

Carrington Mortgage Services launched a marketing portal to allow its brokers to close more loans in their respective markets.

Wells Fargo has stopped offering most customers the interest-only version of its home-equity line of credit.

Real Estate Settlement Procedure Act violations cited in a recent Consumer Financial Protection Bureau action suggest the technical compliance required rises in line with the aggressiveness of past or present marketing.

Lenders are doing a much better job closing the loan applications they are getting, and they are doing so in a shorter period of time. Tight credit has not increased the risk that a loan will fail to close.

The City of Los Angeles accused JPMorgan Chase of targeting minority borrowers with predatory loans in a lawsuit filed two days after Wells Fargo lost a court bid to dismiss a similar case.

As regulations reshape the reverse mortgage, lenders hope to end up with a safer, more reputable product. Meantime, the changes are turning the economics of this business on its head.

The city of Providence, R.I., has sued Santander Bank alleging that bank violated the Fair Housing Act by refusing to make prime mortgage loans available in minority communities.

Fannie Mae's short sale portal has been updated with new features for real estate agents.

Contracts to purchase previously owned homes rose for a second month in April, a sign the residential real estate market is stabilizing after a weak start to the year.

Cleveland's Third Federal Savings and Loan is adding three states to its growing national home lending presence.