Origination

Progress Residential, a single-family rental company started by former Goldman Sachs Group partner Donald R. Mullen Jr., obtained a $400 million credit line from Deutsche Bank AG.

Usually, loan officers with a lot of unclosed loans in the pipeline—and therefore commissions at stake—are hesitant to make a move.

CoreLogic said about 2.5 million more residential properties returned to a state of positive equity during the second quarter.

Providing a multichannel approach to collecting borrower information can lower costs and provide a better customer experience.

The Federal Home Loan Bank system saw its strongest advances growth in nearly six years in the second quarter as banks began to see depositors exit.

There are plenty of tools to help mortgage originators develop referral relationships.

The percentage of conduit commercial mortgages paying off at their balloon date in August is 72.1%.

The recent spike in mortgage rates has “dampened” consumers’ views of the housing market, according to Fannie Mae’s latest survey.

JPMorgan Chase expects its mortgage originations will be off by 35% to 40% in the second half of this year.

Bank of America will eliminate about 2,100 jobs and shutter 16 mortgage offices as rising interest rates weaken loan demand, said two people with direct knowledge of the plans.