Consumer lending

Open Mortgage, a multichannel lender based in Austin, Texas, has been approved as a Fannie Mae seller.

Longstanding mortgage advertising rules are taking on new meaning in the age of digital marketing.

ICBA Mortgage has expanded its relationship with DH Corp. to offer Independent Community Bankers of America members access to the MortgageBot loan origination system.

Caliber Home Loans is marketing a residential mortgage-backed securitization mainly backed by nonprime loans, called COLT 2016-1 Mortgage Loan Trust.

The Department of Housing and Urban Development has reached an agreement with First-Citizens Bank & Trust Co. in Raleigh, N.C., to settle alleged fair lending violations.

The second mortgage is on its way back, and some lenders could have an advantage in the competition for the piggyback loan business.

Rick Elmendorf's annual movie night — this year featuring the premier of the new Star Wars film — for his clients and business associates (along with their families) helps to create new referral relationships for this Washington Metro area loan officer.

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. Now, his Darien Rowayton Bank plans to bring its tech-based approach to the mortgage market.

Increased loan production during the spring home buying season has nonbank mortgage lenders stepping up their hiring.

Flagstar Bancorp is interested in buying a small-to-midsized independent nonbank mortgage banker as part of a strategy to boost its retail origination volume.

Mortgage credit availability tightened for the third consecutive month in May, according to the Mortgage Bankers Association.

Craig Strent of Apex Home Loans saw potential in blending his mortgage banking services with the strategy of financial advising, finding strong partners and a niche in helping clients through one of life's most difficult transitions.

Incenter Mortgage Advisors is brokering the sale of a $1.4 billion Fannie Mae and Freddie Mac bulk residential mortgage servicing rights portfolio.

The CFPB alleges that David Eghbali, a loan officer for a Wells Fargo branch in Beverly Hills, Calif., developed a scheme to manipulate escrow fees in order to close more mortgages and boost his bonus. Eghbali says he was forced to sign a settlement because he couldn't afford to fight the CFPB in court.

Detroit’s renaissance has had spillover effects, including a sharp reduction in the frequency of fraud, misrepresentation and other defects in mortgage applications, First American Financial Corp. said Thursday.

The bank's new low-down-payment mortgage, an alternative to FHA loans, dispenses with the complex qualification requirements that have hampered recent efforts with low down payments by Fannie and Freddie.

Loan rates moved up slightly from their 2016 lows as anticipation grows of a rate hike this summer courtesy of the Federal Reserve, Freddie Mac reported.

American Advisors Group has released its jumbo reverse mortgage loan product to its wholesale network in California.

Mortgage applications and interest rates both increased during the week ending May 20, according to the Mortgage Bankers Association’s weekly survey.

Median investment home prices are rising thanks to all-cash sales, according to a report from the online real estate investment management firm HomeUnion.