Origination

The Mortgage Industry Equity Composite had 10 stocks close higher than they did on Friday, one with no change and six lower.

A Grapevine poster says he represents a firm that owns 150 non-owner-occupied single-family properties that need to be refinanced.

Mortgage Electronic Recording Systems Inc. has won dismissal of a lawsuit filed against it in a federal court in Rhode Island.

The one percentage point increase in mortgage rates over the past two months will not stop the recovery in the housing market.

The housing industry’s recovery efforts are progressing through May as mortgage delinquencies have decreased 43% from their 2010 peak, according to Lender Processing Services.

Lender Processing Services said it made an active and extensive solicitation of 42 potentially interested parties during the go-shop period created under the contractual terms of its acquisition by Fidelity National Financial.

The gradual rise in interest rates now underway won't have a detrimental effect on most credit unions, predicts one industry expert.

PMC Commercial Trust, a real estate investment trust, has agreed to merge with CIM Urban REIT, an owner of Class A office properties.

Blackstone Group is preparing to expand its bet on the housing recovery by lending to other landlords.