Origination

PSM Holdings Inc., Roswell, N.M., is continuing its acquisitions spree by buying Founders Mortgage of St. Louis. Founders' president Peter Gubany received 250,000 shares of PSM common stock in exchange for the equity in his company. At the stock's current value of $0.90 per share on the over the counter market, it makes the deal worth $225,000.

Mortgage-related employment rose every so slightly in May with residential firms adding 2,600 new jobs during the month, according to government figures released Friday morning.

There are probably dozens of ways to apologize and many more ways of accepting one: "Gee, I'm so sorry." "Sorry 'bout that." "My apologies, I didn't mean to."

In planning to add 100 mortgage loan officers to its ranks, TD Bank is going against the grain.

Almost three years to the day of seizing IndyMac Bank, the Federal Deposit Insurance Corp. launched a civil action against its former CEO, saying he "negligently" allowed the thrift to keep making risky loans despite signs of market stress.

Fear among home buyers – even bargain hunters – that prices will continue to fall is holding the housing market in check, according to the latest survey from HouseHunt.com.

Consumers expect home prices will decline over the next 12 months and rents will increase, according to a new monthly consumer survey commissioned by Fannie Mae.

First Community Bank, Lexington, S.C., has agreed to buy Palmetto South Mortgage Corp., Columbia, S.C. The deal will close on July 31, and while the price paid was not disclosed, a press release said it will be paid out over a three year earn out period with "the actual amount calculated based on the achievement of certain profitability metrics."

Lenders filed only half the number of foreclosures in the second quarter of 2011 in the tri-county region of South Florida as they did during the same period last year, according to a new report from CondoVultures.com.

All weekly average mortgage rates tracked by Freddie Mac increased a bit after being mixed to stable recently.