Origination

Purchasing homes from Zillow has been fueled by huge resets in home prices since market peak, historically low mortgage rates and an improving economy.

Pershing Square Capital Management bought common shares of Fannie Mae and Freddie Mac common stock, and may seek talks with management, shareholders and the government.

Financial regulators acknowledged Thursday that the data they use to determine fair lending violations in certain cases could be improved, but said they would not stop using such information.

Nationstar, Ocwen and Walter Investment picked a tough time to make an aggressive push into mortgage lending, but their efforts could pay off once new mortgage rules kick in.

Will the Consumer Financial Protection Bureau hold the loan officer liable?

Lenders should inform borrowers they will receive electronic disclosures as early on in the process as possible so they know to be on the lookout for them, which has the dual benefit of reducing compliance risk and improving the process for consumers.

New and resale houses and condominiums sold statewide in October were up about 1% from the prior month.

A pre-approval letter should come from a major lender and not some “no name” mortgage broker.

Total household indebtedness rose by $127 billion in 3Q13 from the prior quarter, mostly due to rising balances on mortgages, student loans and auto loans.

Stonegate Mortgage Corp. executives credit the nonbank’s differentiated mortgage banking platform and their “solid business execution” practices for mitigating risk despite revenue declines amid rising interest rates.