Origination

Redfin said active listings are down 22% from a year ago, but this is likely to turnaround to a positive number before the end of the year.

Tight credit is limiting economic growth and disenfranchising the vast majority of middle and lower income borrowers from becoming homeowners, according to Lewis Ranieri.

Ellie Mae has a program called EllieCares, where they have corporate volunteer projects. Over the past four years more than 70% of Ellie Mae’s Bay Area staff has participated in company-affiliated volunteer efforts.

Ocwen's agreement to buy $78 billion in mortgage servicing rights from OneWest is part of a string of deals by it and other nonbanks meant to wring value from remnants of the mortgage meltdown that many banks seek to unload.

Bank of America rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.

The 30-year mortgage rate has increased nearly 50 basis points over the past five weeks, which has hurt refinancings. But purchase activity has held up pretty well.

As the smaller GSE, Freddie Mac has traditionally been friendlier toward small seller/servicers than its larger competitor Fannie Mae.

The New York Association of Mortgage Brokers recently convened its annual wholesale meeting where its leadership was heartened by the resurgence in wholesale.

The zigzag pattern of the stock market continued on Friday as 15 of 17 Mortgage Industry Equity Composite stocks closed lower.

Sales of California homes and condominiums rose 8% in May from the prior month, according to DataQuick.