Origination

A Mortgage Grapevine poster is seeking a commercial stated-income loan to purchase apartments and rehabilitate them.

Regions Financial Corp. said first-quarter profit rose 68%, beating analyst estimates as the lender cuts costs and reduced provisions for loan losses.

Discover Financial Services originated nearly $1 billion in direct mortgages during the first quarter of 2013.

A Maryland mortgage broker has entered a guilty plea in two separate fraud schemes.

Wells Fargo is expanding its home-lending headquarters in Iowa as it plans for growth even while the industry predicts a slowing market.

New home sales rose 1.5% in March after a 7.6% decline in the prior month.

PennyMac Mortgage Investment Trust earned $53 million in 1Q13, compared with $49 million in 4Q12 and $19 million in 1Q12.

Bank of Hawaii reported lower 1Q13 earnings in part because of reduced mortgage income and the company’s stock price declined 3.18% on Monday.

The $52 million decline in warehouse loans, which Sierra also attributed to the reduction in refinance activity, equaled the decline in Sierra’s total assets.

The California Association of Realtors reported that the share of REO and short sales fell to 29% of sales in March from 33% in February.