Origination

A coalition of more than two dozen conservative groups sent a letter to members of the Senate Banking Committee Wednesday, urging them to vote against a major bill to overhaul the housing finance market.

LRES has updated its DirectConnect platform designed to accelerate the valuation ordering process.

Flagstar Bancorp reported a significant first-quarter loss as its loan-loss provision more than quintupled.

MGIC Investment Corp., the No. 3 U.S. mortgage insurer, rallied after posting its largest profit since 2007, helping ease concerns that slowing home lending would weigh on results.

Mortgage applications fell for the fourth time in five weeks as fewer Americans made home purchases or refinanced their properties as borrowing costs rose.

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A new survey provides further evidence that continuing declines in mortgage origination volume have motivated lenders to ease credit standards.

The Consumer Financial Protection Bureau is expected to change how fees are defined for a key test to determine if a loan is a "qualified mortgage," according to observers.

Sales of previously owned homes fell in March for the third consecutive month as rising prices and cold weather discouraged would-be buyers.

The Senate GSE reform bill may bloat the bureaucracy, encourage risky behavior and expose taxpayers to losses, without sufficient support for affordable housing. That could still be better than nothing.