Marketing

Mortgage rates increased 7 basis points to their highest level since late June, the largest one-week gain in more than six months, according to Freddie Mac.

Nationstar Mortgage Holdings reported third-quarter net income of $45 million, driven by the large percentage of servicing customers its origination business recaptured.

Can some of the top names in mortgage lending outdo online lending startups in head-to-head competition? We're about to find out. Wells Fargo, Quicken Loans and SunTrust have all entered the digital lending business, putting early entrants on the defensive.

Cathay General Bancorp in Los Angeles has agreed to a community reinvestment plan tied to its deal to buy SinoPac Bancorp from Bank SinoPac in Taiwan.

Pennsylvania Treasurer Timothy Reese launched a $100 million initiative that he said would provide a competitive rate of return while supporting affordable housing.

HomeBridge Financial Services has agreed to purchase the operating assets of Prospect Mortgage, in a deal that will grow its retail branch operation by approximately 150%.

Courting borrowers with past bankruptcies might not cross most loan officers' minds as the best strategy for building business, but Guaranteed Rate's Danielle Young doesn't let borrowers' past blemishes intimidate her.

September's mortgage application defect risk declined 1.4% from August and 14.8% from one year ago, because of the continued improvement in loan manufacturing processes, said First American Financial Corp.

Home prices grew by 5.3% year-over-year for August, which was the seventh out of the last eight months for an annual increase at this same level, according to Black Knight Financial Services.

Ellie Mae and Black Knight Financial Services offer mortgage lenders different value propositions so the competitive dynamic between the two companies hasn't changed, said Ellie Mae CEO Jonathan Corr.