Origination

Institutional investors purchased fewer residential properties in June than a year ago, but these types of buyers will still be able to acquire single-family homes, condominiums and co-ops in certain markets.

Discover Financial Services in the next few months plans to enter the home equity lending business.

Zacks found the company beat its consensus per-share net earnings estimate but missed its estimate for homebuilding revenue.

Prospect Mortgage has promoted Amy Brandt to chief operating officer.

The recent increase in mortgage rates has not materially affected the demand for new homes.

New York Community Bancorp said mortgage banking contributed $23.2 million to total revenue in the second quarter.

Higher mortgage rates along with a new Federal Housing Administration policy that kicked in recently could hurt the purchase market as well as refinancings.

Radian's common stock closed up 0.29% after reporting a second-quarter net loss.

Sixty-four percent of investors who worked with a Realtor in California indicated they are going to keep the property for more than a year, while 36% of investors intend to flip the property within a year.

The seller also would like to establish a co-issue flow relationship along with the bulk Fannie Mae servicing rights sale.