Origination

Fresh off its initial public offering of common stock, real estate listing and mortgage rate search website company Zillow posted its first ever quarterly profit since its launch in 2006.

Mortgage Banking Solutions, Woodway, Texas, says it is currently working on four merger-related transactions with announcements on two of them coming shortly.

Housing production took a sharp and sudden decline in the nation's most populous state in July, posting the lowest level of permits since January 2009.

The percentage of early defaults on FHA-insured loans originated by MortgageIT “skyrocketed” after it was acquired by Deutsche Bank in 2007, according to an amended complaint filed by New York U.S. Attorney Preet Bharara.

The Kislak Organization's re-entry into the residential mortgage business is kaput.

The Obama administration is finally realizing that a major refinancing program to help troubled borrowers could help stabilize the housing market and give the economy a jolt—and it would be particularly effective if it reaches an estimated 11 million underwater mortgagors.

A new integration into the Mortgage Builder loan origination system allows users to order CoreLogic income verification services directly from the LOS.

Overture Technologies sold its mortgage division to CompuGain Corp., in a deal announced Monday.

The National Association of Realtors' leading indicator of future home sales slipped 1.3% in July, after rising the two previous months, which does not bode well for closings in August and September.

There are a lot of reasons for mortgage bankers to expand in today's market, even though it means that a certain degree of consolidation is inevitable as long as recovery remains elusive.