Origination

Closed sales of existing single-family homes in Florida were up 17.5% in July over the same month in 2012 and pending sales were up 23.3%, while in Illinois home sales in July were up 28.5% over the previous July and median prices were up 14.2%.

There were 15 Mortgage Industry Equity Composite stocks that closed lower on Wednesday, with one up and one unchanged.

Wells Fargo is laying off 2,300 mortgage jobs nationwide as the result of flagging demand for mortgage refinancing.

loanDepot has signed an agreement to merge with imortgage.com Inc., in a deal which the pair state would create the third largest private independent mortgage retailer in the nation.

Treasury 10-year notes fell on Wednesday after minutes of the Federal Reserve’s July meeting showed policy makers were “broadly comfortable” with a plan to curtail bond purchases.

The Mortgage Grapevine community likes to give their opinions on the news of the day.

It is important for borrowers to shop around and find out whether an adjustable or fixed rate mortgage best fits their needs.

Five states top a new LendingTree report that analyzes the financial health of prospective borrowers ranking each state based on a 100-point scale.

Wheeler Real Estate Investment Trust has priced a public offering of 2.75 million shares of its common stock at $4.30 per share.