Underwriting

Mortgage rates were little changed this week after declining the previous two weeks, according to Freddie Mac.

Mortgage application activity decreased 2.8% from one week earlier as interest rates were flat or moved slightly higher, according to the Mortgage Bankers Association.

Old Republic International Corp. is again making noise about bringing its mortgage insurance subsidiary back to active status, while separating it out from the holding company.

CoreLogic will fully integrate its 4506-T income verification product in August with Fannie Mae's Desktop Underwriter platform to provide Day 1 Certainty service.

Loan application defects increased for the seventh consecutive month in June, due to the highly competitive purchase market, according to First American Financial Corp.

Freddie Mac has set a November implementation date for its plan to tighten restrictions on seller-funded down payments.

Ellie Mae had second-quarter net income of $18.8 million, a 77% increase over the $10.6 million in the same period last year largely due to a tax accounting change.

U.K. regulators’ decision to abandon the Libor benchmark by the end of 2021 threatens to sow confusion in the market as the industry races to replace the scandal-plagued rate that underpins more than $350 trillion of financial products.

Mortgage rates dropped for the second consecutive week, although the yield on the benchmark 10-year Treasury actually increased during the period, according to Freddie Mac.