Underwriting

Xerox Mortgage Services will change its name as it becomes a part of Conduent, the company that will incorporate Xerox's business process outsourcing division.

The 1.35% delinquency rate was the lowest since at least 2001, and it marked nearly four years of delinquencies below the 15-year average of 2.21%.

M&T Bank is offering mortgage subsidies through a new program to qualified consumers in New Jersey and nearby states.

Mortgage applications increased 2.9% from one week earlier, according to the Mortgage Bankers Association, as the conforming interest rate fell to its lowest level since July.

More than $200 billion of the most poorly underwritten commercial mortgages originated before the financial crisis come due this year and next, many of them still underwater.

Multichannel loan origination system provider OpenClose has added a rate sheet generator to its product and pricing engine.

Though they have a reputation for being precarious, Federal Housing Administration loans are leading the decline in mortgage application defect risk, according to First American Financial Corp.

Deutsche Bank jumped in Frankfurt trading after a media report that the lender is nearing a $5.4 billion settlement with the U.S. Department of Justice in a probe tied to residential mortgage-backed securities, less than half an initial request.

Strong home sales are boosting originations of Federal Housing Administration loans and opening the door for first-time buyers — developments that could portend the mortgage insurance agency receiving a positive report from auditors this fall.

An FHA lender was cited for violating Department of Housing and Urban Development rules by allowing repayment provisions in second mortgages.