Underwriting

Nonbank mortgage company Cornerstone Home Lending has launched a new mortgage company as a joint venture with homebuilder Oakwood Homes.

Invictus Capital Partners, a nonprime mortgage lender based in Washington, D.C., is making its debut in the securitization market.

The rise in home values is good news for homeowners looking to tap the equity in their homes to pay down debt or make big purchases, but some consumer groups fear it could lead to a new wave of loan defaults.

Federal Reserve Bank of St. Louis President James Bullard said the central bank ought not rush to raising interest rates next month because uncertainty over the fiscal policies of the Trump administration clouds the U.S. economic outlook.

Uncertainty about the economy caused mortgage interest rates to stay within a 2-basis-point range for the third straight week, according to Freddie Mac.

Analysts at Deutsche Bank, one of the biggest underwriters of bonds tied to U.S. commercial real estate, say now it's time to short indexes of the securities.

Thomas Pahl has been appointed acting director of the Federal Trade Commission's consumer protection bureau, the agency said Wednesday.

The share of refinance applications is at its lowest level in over seven and a half years, according to the Mortgage Bankers Association.

Corporate borrowers aren't ready just yet to pull the trigger on multimillion-dollar loans to buy fleets of trucks or scads of new inventory despite excitement about a more business-friendly Washington, lenders cautioned.

Mortgage credit availability increased in January amidst wider access to jumbo loans, according to the Mortgage Bankers Association.

The deal includes about 250 correspondent relationships accounting for more than $7 billion of annual agency and governmental residential mortgage loan production.

Renovate America, one of the largest providers of Property Assessed Clean Energy loans, is expanding into unsecured lending.

Home improvement lender EnerBank USA expects half of its loans will be originated on the app it built in-house, which promises near-instant approvals.

Mortgage interest rates held steady after rising last week because of weaker-than-expected gross domestic product numbers, according to Freddie Mac.

The title insurance business of Fidelity National Financial earned $231 million in the fourth quarter, up 60% year over year.

A shortage of appraisers, combined with soaring demand for housing, is causing lengthy delays in Seattle and surrounding markets.

Jefferies Group has added a third lender to its latest securitization of a mortgage warehouse facility.

Old Republic International's title insurance business had a 78% year-over-year increase in fourth-quarter net income, as net premiums earned were up by 13% and claims costs declined by 86%.

Mortgage interest rates increased for the first time in 2017, ending a run of three weeks where they were down, according to Freddie Mac.

A pair of Long Island, N.Y., residents admitted to defrauding a Rochester, N.Y.-based mortgage company of $1.2 million in a straw borrower scam.