Originations

Atlantic Bay Mortgage Group and Virginia Community Bank have agreed to back out of a merger that would have been a rare instance of a nondepository lender acquiring a depository institution.

Amid a tight housing market and rising rates, mortgage brokers and wholesalers have been engaged in an intense competition for control over borrower relationships.

National Mortgage News is pleased to announce the Best Mortgage Companies to Work For, a new survey and awards program dedicated to identifying and recognizing the best employers and providing organizations with valuable employee feedback.

July's new-home sales were at their highest pace since April, leading to a 3.5% year-over-year increase in mortgage applications to purchase recently constructed homes, the Mortgage Bankers Association said.

Mortgage industry hiring and new job appointments for the week ending Aug. 10.

Mortgage applications declined for the fourth consecutive week as interest rates remained at high levels.

Zillow Group is moving from being a mortgage marketer to originating loans with its acquisition of Mortgage Lenders of America, in an effort to support its home-flipping business.

Mortgage industry hiring and new job appointments for the week ending Aug. 3.

Mortgage applications dropped for the third consecutive week around rising interest rates and languid housing starts.

Mortgage industry hiring and new job appointments for the week ending July 27.