Originations

Guild Mortgage is adding to its Midwestern mortgage origination operations through the acquisition of Cornerstone Mortgage of St. Louis.

Adolfo Marzol, an official at the Department of Housing and Urban Development, is optimistic that technological improvements and other changes can help draw Federal Housing Administration lenders back to the fold.

Loan applications for newly constructed homes slowed on a month-to-month basis in December as the storm-driven spike in volume ended.

Mortgage application volume started the year on the upswing because of higher refinance activity, even with a slight increase in rates.

The IRS has taken corrective actions to speed up its income verification system, avoiding a possibly crippling slowdown for the mortgage industry, but long-term issues remain.

Jeanne D'Arc Credit Union has begun thanking home buyers for their business by throwing housewarming parties for them once the process is complete.

Mortgage industry hiring and new job appointments for the week ending Jan. 5.

Lower mortgage loan origination volume in 2018, on top of 2017's decline, will lead to further reduction in title insurer profitability and a possible increase of merger activity.

Mortgage application volume decreased 2.8% during the last two weeks of 2017, according to the Mortgage Bankers Association.

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