Origination

Stonegate Mortgage has sold $115 million of its common stock in a private offering, with the initial purchaser being FBR Capital Markets.

Recent decreases in first-mortgage default rates are contributing to continuous improvements in the financial condition of most U.S. consumers.

Mortgage lenders are still nervous about put-back risk and unresolved regulatory issues, which is holding back the lending and the housing recovery.

Year-over-year Illinois home sales increased 25.3% in April marking the best spring performance since 2007.

Toll Brothers reported fiscal second-quarter earnings that beat analyst estimates as demand jumped and orders reached the highest level in seven years.

More than 3.1 million housing units are delinquent but not in foreclosure.

Sales of previously owned homes edged up 0.6% in April from the month prior and there was a noticeable increase in homes coming on the market.

An 11 basis point rise in rates for the 30-year conforming fixed-rate loan has resulted in a 9.8% decrease in mortgage application volume on a seasonally adjusted basis for the week ended May 17.

Residential Finance Corp. is offering the “Foreign National Loan Program” designed to meet the special needs of foreign-born buyers.

During the last decade, process serving has become more of a science than a paper delivery service.