Refinance

Social Finance's online borrowers are defaulting at higher rates than underwriters for one of its bond deals had expected, the latest sign that an industry that hoped to upend banking is now getting tripped up by bad loans.

At a time when mortgage companies are adding both staff and automation to cater to borrowers' changing needs, one lender has developed a distinctive compensation plan that leverages servicing revenue to encourage retention and recruitment of top producing loan officers.

The market share of mortgage applications submitted for refinancings hit an eight-year low as total activity decreased 2% from one week earlier, according to the Mortgage Bankers Association.

PHH Corp. has struck a deal with LenderLive to sell its private-label mortgage operations in Jacksonville, Fla., to the Denver-based mortgage services provider.

JPMorgan Chase has partnered with fintech firm Roostify to build a digital self-service mortgage platform that will allow consumers to upload and electronically sign mortgage documents.

Freddie Mac's net income increased to $4.8 billion in the fourth quarter, more than double what it earned a quarter earlier, the government-sponsored enterprise announced Thursday.

Zeus Mortgage in Houston is positioning its new online crowdfunding platform as an alternative to traditional mortgages for property buyers and others having trouble borrowing to remodel homes or fund construction projects.

Quicken Loans has named a new CEO to replace Bill Emerson, who is transitioning to a role with the Detroit lender's parent company, Rock Holdings.

Mortgage software provider Ellie Mae reported a 126% increase in net income during the fourth quarter, driven by an increase in users and loan volume.

The rise in home values is good news for homeowners looking to tap the equity in their homes to pay down debt or make big purchases, but some consumer groups fear it could lead to a new wave of loan defaults.