Originations

Atlantic Bay Mortgage Group has agreed to buy a majority stake in Virginia Community Bank in a rare instance of a nondepository mortgage company buying a bank, rather than the reverse.

Loan application volume increased 0.4% from one week earlier, according to the Mortgage Bankers Association, as rates fell to their lowest level in three weeks.

Mortgage industry hiring and new job appointments for the week ending July 21.

Mortgage loan application volume increased 6.3% last week as interest rates remained flat after a sharp gain during the previous 14-day period, according to the Mortgage Bankers Association.

Former EverBank Chairman and CEO Rob Clements now has those same positions at LenderLive Holdings, a Denver-based provider of outsourced mortgage services.

Walter Investment Management Corp. will close its Ditech subsidiary's Irving, Texas, office by the end of 2017, according to an internal memo. It's the first step in an effort to ultimately reduce Walter's physical footprint from 13 offices to as few as four.

Mortgage industry hiring and new job appointments for the week ending July 14.

A new PACE financing program is launching in Florida on July 24 with protections to address concerns that some consumers aren't informed about the program's liens, service fees and property tax assessments

From Indianapolis to Nashville, here's a look at the 15 hottest residential real estate markets of summer 2017.

Tech-savvy mortgage broker Sindeo is back in business, following an acquisition by Renren, a Chinese social media company and an investor in U.S.-based fintech firms including Social Finance and LendingHome.