Originations

Mortgage applications increased 4.2% from one week earlier driven by a boost in purchase activity, according to the Mortgage Bankers Association.

Industry veteran A.W. Pickel III is heading to AmCap Mortgage to become president of the lender's newly formed Midwestern division.

Provident Financial Holdings has restated earnings from its most-recent quarter after it booked higher loan-origination costs.

A slowdown in the upward climb of home prices allowed the housing market as a whole to move more toward buying a home than renting one during the second quarter.

Renovate America is marketing a $320.2 million securitization of Property Assessed Clean Energy bonds, its third of the year and eighth overall.

Regions Financial Corp. has agreed to pay $52.4 million to settle allegations that it violated the False Claims Act by originating and underwriting mortgages that did not meet Federal Housing Administration requirements.

Hilltop Holdings in Dallas has promoted Alan White to share the chief executive role with Jeremy Ford.

A fintech startup called Point is allowing consumers sell a piece of their home equity to investors, rather than borrowing against the value of their houses.

Walter Investment Management Corp. subsidiary Ditech Financial will begin to enroll a number of rejected loan applicants in a new program aimed at helping people qualify for a mortgage.

From gathering information on buildings to complex income and asset profiles of buyers, loan officers in New York have many bases to cover and hurdles to leap. Debra Shultz of Guaranteed Rate makes it look easy.