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.

Genworth Financial's U.S. mortgage insurance business had adjusted operating income of $61 million in the fourth quarter, up over 50% from the same period in 2015, as its new insurance written grew by 42% year over year.

The share of refinance applications is at its lowest level in over seven and a half years, according to the Mortgage Bankers Association.

Mortgage credit availability increased in January amidst wider access to jumbo loans, according to the Mortgage Bankers Association.

SL Green Realty Corp. is tapping the securitization market to refinance 485 Lexington Ave., a 32-story office building in Midtown Manhattan.

Companies whose financials have taken hits due to their holdings of mortgage servicing rights are in for a treat, according to Moody's Investors Service.

The share of refinance applications fell under 50%, a sign the industry could be shifting to a predominantly purchase market.

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

Home Point Financial Corp. will buy Stonegate Mortgage Corp. in an all-cash deal valued at roughly $211 million.

Invitation Homes, the real estate investment trust controlled by private equity firm the Blackstone Group, has found a new source of financing for its portfolio of single-family rental homes: Fannie Mae.

Radian Group reported fourth-quarter net income of $61.1 million, down 18% from $74.5 million for the same period in 2015.