Originations

Radian Group reported an 18% uptick in net income as it set a company record for the highest quarterly volume of flow mortgage insurance.

Arch Capital Group's mortgage insurance business had underwriting income of $37.4 million in the third quarter, an increase of 119% compared with the $17.1 million one year prior.

The Freddie Mac Multi-Indicator Market Index for August was up 5.4% over the same month last year, driven by its purchase component, which had an 18.6% increase.

Walker & Dunlop has agreed to acquire George Elkins Mortgage Banking Co., which originates commercial real estate loans for life insurers, banks, trusts, pension funds and other private capital sources.

Higher mortgage banking revenue and commercial real estate lending offset merger costs at United Community Banks in Blairsville, Ga., leading to an improvement in third-quarter profit.

Mortgage applications decreased 4.1% on a seasonally adjusted basis from the previous week as purchase activity was at its lowest point since January, according to the Mortgage Bankers Association.

Purchases of new homes in September stayed close to an almost nine-year high, showing residential real estate was maintaining momentum heading into the quieter selling season.

Flagstar Bancorp's quarterly profit increased after a decline in the value of a 2012 legal settlement liability tied to its mortgage lending practices.

Home prices, when adjusted for income and interest rates, decreased in August by 2.6% on a year-over-year basis, making properties more affordable, according to First American Financial Corp.

Heartland Financial USA in Dubuque, Iowa, has named Jack Lloyd president of its residential mortgage business.