Origination

New home sales rose 1.3% in October after September sales were revised downward, according to new government figures released Monday.

New optimism about the possibility of plans to address Europe's fiscal concerns boosted most industry stock values.

Walker & Dunlop, LLC, Bethesda, Md., on Monday announced that it has hired Dale Brem as vice president and deputy chief underwriter for the firm's FHA finance department.

Mortgage balances on consumer credit reports dropped by about $114 billion or 1.3% during the third quarter, according to the Federal Reserve Bank of New York's latest report on household debt and credit.

Even though the residential mortgage industry has been through the wringer the past four years outside money is continuing to eye the sector, but is being choosey about what it buys -- and how much it spends on both companies and servicing rights.

When you consider making a significant contribution into a cause or charity, you usually have a reason or purpose for giving to that specific organization. It might have been that the particular “cause” helped you or your family at one time. Or it might be you witnessed that charity make a difference in someone else's life.

Among the consequences of the mortgage bust is that any number of parties in the mortgage chain, including the secondary market and regulators, are scrutinizing the quality of appraisals tighter than ever.

The PMI Group Inc., Walnut Creek, Calif., has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware.

The average weekly rate for a 30-year loan slipped slightly below 4% and rates for adjustable-rate mortgages averaged new record lows in Freddie Mac's survey Wednesday.

The government-sponsored enterprises' Uniform Mortgage Data Program has been marred with delays and setbacks since the earliest steps began at Fannie Mae two-and-a-half years ago with the precursor to the Uniform Collateral Data Portal, the technology platform that will accept full electronic appraisal reports in a new XML-formatted data file.