Origination

The owner of a California mortgage brokerage company was sentenced to three years in prison and ordered to pay more than $5.8 million in restitution for her role in a real estate-related wire fraud conspiracy.

These grants are expected to assist more than 1.6 million households in their efforts to find affordable housing, make more informed housing choices and avoid foreclosure.

PennyMac Financial Services is now using a new platform developed by Quandis to enable the mortgage services firm to centralize the short sale process into one portal for multiple users.

Rising interest rates may trim issuance of commercial-mortgage bonds by $15 billion this year, according to Standard & Poor’s.

There is $2.41 trillion in outstanding commercial and multifamily real estate at the end of 1Q13, a decline of $4.9 billion from 4Q12, according to data compiled by the Mortgage Bankers Association.

A leading credit union executive called on Congress this morning to exempt credit unions from new Qualified Mortgage rules that would generally bar them from making subprime and other risky mortgages.

ISGN CEO Ritesh Idnani explains how mortgage lenders should incorporate social media into their technology capabilities.

Prices of condominiums are starting to play catch up with single-family homes.

First-time homebuyers, usually between 18 and 34 years old, prefer mortgage shopping through the web, to getting in their cars and driving to their banks to shop for a mortgage.

The new version of Ellie Mae's Encompass360 application includes over 200 new features, the Pleasanton, Calif.-based mortgage-software company said.