Origination

Embrace Home Loans has started a correspondent lending channel, its first venture into third-party originations.

QuestSoft will sell products to banks, credit unions, mortgage bankers and brokers that use Calyx software.

BankUnited is making strategic commercial property investments in New York.

Analysts at Keefe, Bruyette & Woods are forecasting that originations at traditional mortgage banking firms declined in the third quarter while large publicly traded specialty servicers will show strong origination volumes.

Borrowers still intend to achieve the American dream of homeownership—even if they have to lie to qualify for a mortgage.

As the Consumer Financial Protection Bureau wraps up implementing its voluminous mortgage rules in January, credit unions should not expect any respite from the compliance burden.

Citigroup reported a $3.23 billion profit that missed analysts' estimates as bond trading slumped 26% and U.S. mortgage revenue declined.

The Federal Housing Administration has joined Fannie Mae and Freddie Mac in calling for mortgage lenders to temporarily postpone mortgage payments for furloughed government employees and contractors who have been affected by the shutdown.

Vendor says it is more than just a Roladex with marketing functions built in.

Starting next year lenders and other mortgage firms operating in California will have to include new do-not-track disclosures in their online privacy policies.