Origination

CITBA Financial Corp. has agreed to merge with privately held Merchants Bancorp, the owner of multifamily mortgage lender P/R Mortgage & Investment Corp.

Market data including findings from various mortgage delinquency reports are simultaneously pointing to a housing market recovery and emanating uncertainty.

Mary Armstrong pled guilty to all five counts of an indictment charging her with wire fraud, money laundering and conspiracy.

Deutsche Bank AG sued Mexican real estate developer Urbi Desarrollos Urbanos SAB in New York for $61.1 million for defaulting on loans.

There were nine gainers and eight decliners in the Mortgage Industry Equity Composite on Thursday.

The effects of discontinued operations resulted in Impac Mortgage Holdings reporting a 1Q13 loss of $738,000, compared with a 1Q12 loss of $4.8 million.

PennyMac Financial Services’ Class A shares at the end of their first trading day on the New York Stock Exchange Thursday were up $1 at $19 per share.

Timothy Shannahan became the fourth person to admit conspiring with Kathryn Sylvester, the former CEO of Sylvester Financial Inc., to commit mortgage fraud.

Mortgage Grapevine poster UpstateMortgageGuy is asking how can someone close loans for professionals like doctors and teachers who are not getting paid during the summer.

The shortage of homes for sale is one of the main reasons why metropolitan area median home prices continued to rise in the first quarter.