Originations

Mortgage applications decreased 4.8% from one week earlier, as refinance activity was down even as average rates fell to a new record low, according to the Mortgage Bankers Association.

The automated closing disclosures software aims to be "40% faster than the 'old fashioned' method," a company spokesman said.

The net share of mortgages in Ginnie Mae securitizations with suspended payments appears to be stabilizing, but the number of new requests creates doubt about whether it will subside.

Frank Pallotta sold Wall Street services to lenders and later helped create programs to help underwater borrowers. Now he's running to represent a district both parties fight hard over.

For the majority of borrowers, interest rate research for mortgage refinancing came with unwanted and annoying sales calls, which could ultimately hinder potential business for lenders.

After an annual gain in July, newly constructed home listings tumbled in August as coronavirus complications caused the largest inventory drops on record, according to Redfin.

Ohio home sales were up 4.2% in August from the same month a year ago, another sign that the fallout from the coronavirus pandemic may be fueling a competitive housing market.

Called it a better all-around process for United Wholesale Mortgage to become a publicly traded company.

Mortgage industry hiring and new job appointments for the week ending Sept. 25.

Twelve people were charged in a scheme regarding the creation of 100 fraudulent mortgages in Georgia, according to the HUD inspector general.