Origination

Quicken Loans Inc. plans to increase staffing at its Cleveland Web Center by at least 25%, as the company will add 100 new employees to the more than 300 already working at the location.

Carrington Mortgage Services promoted Ray Brousseau to executive vice president of mortgage lending, where he will oversee its retail and wholesale origination business.

PennyMac Mortgage Investment Trust earned $19.1 million in the first quarter, a slight decline from the prior period.

Average rates for fixed-rate mortgages dropped to new lows in Freddie Mac’s latest weekly primary market survey.

It’s not easy being president. Just ask George W. Bush or Jimmy Carter. As for the current inhabitant of the White House, he was a bit late to the game when it came to tackling the housing and mortgage crisis. He wants to fix the housing/mortgage mess and he controls (sort of) three entities that can aid in that recovery: Fannie Mae, Freddie Mac and HUD/FHA

John Robbins, the former chairman of the Mortgage Bankers Association, has yet another new mortgage banking venture up and running.

Nearly three years after returning to banking and mortgages, Jay Sidhu is preparing to take his latest venture to the next level.

House Republicans are wading back into the debate over whether to allow principal reductions on Fannie Mae and Freddie Mac mortgages.

Freddie Mac began purchasing HARP 2.0 loans in January and by the end of the first quarter had acquired $5 billion of these refis, according to the company’s first-quarter securities filing.

Housing and Urban Development Secretary Shaun Donovan will testify before Congress next Tuesday regarding efforts to allow more Americans to refinance their mortgages.