Financial institutions

The State Regulatory Registry, which runs the Nationwide Multistate Licensing System, says that mortgage loan originator and company renewals for 2015 are off to a strong start.

Profits from originating mortgages dipped during the third quarter, with independent mortgage banks and mortgage subsidiaries of banks reporting an average gain of $897, according to the Mortgage Bankers Association.

Part two of this three-part series covers what the Consumer Financial Protection Bureau wants to see from originators if they close loans in their own name.

MountainView Servicing Group will serve as an advisor in the sale of a $1.2 billion Fannie Mae and Freddie Mac mortgage servicing rights portfolio.

Mortgage Bankers Association, MBA Health Link

The company will launch a nationwide branding campaign in the first quarter of next year.

Low demand coupled with low interest rates and a focus on simplicity and transparency led to the change.

The Consumer Financial Protection Bureau slapped Franklin Loan Corp. with a $730,000 fine on Thursday for allegedly incentivizing loan officers to guide customers into mortgages with higher interest rates.

New York financial regulator Benjamin Lawsky held up the deal shortly after it was announced in January, and regulatory and legal concerns had mounted since then.

For the fifth year in a row, Quicken Loans is rated No. 1 by consumers in terms of customer satisfaction, according to a J.D. Power survey.

Nonbank mortgage lender loanDepot has reached an agreement to acquire Mortgage Master.

Hiring in the mortgage sector increased for the fifth straight month in September.

Impac Mortgage Holdings lost $1.2 million this past quarter as total revenue declined by $4.6 million from the same period in 2013.

PennyMac Mortgage Investment Trust and its sister company, PennyMac Financial Services, reported a rise in quarterly profits.

Lack of diversity in the sales force is one of several nagging issues underlying mortgage lenders' concerns about tepid home sales.

Embattled nonbank servicer Ocwen took a $100 million charge for a potential settlement of foreclosure violations and posted a third-quarter loss, but warned the final cost to settle allegations that it backdated foreclosure notices could be higher.

In a surprise victory for mortgage servicer PHH Corp., a California judge overturned a $16.2 million jury verdict awarded to a California homeowner in July for a botched loan modification.

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