Underwriting

Ellie Mae had second-quarter net income of $10.6 million as its revenue per Encompass user rose by 14%.

Old Republic International Corp.'s title insurance business had a 6% decline in pretax operating income year-over-year for the second quarter as costs rose greater than premium and fee revenue.

Radian Group nearly doubled its net income during the second quarter from a year ago on a significant drop in expenses stemming from a smaller loss on debt extinguishment.

Arch Capital had underwriting income of $37.8 million in its mortgage insurance segment, which includes its U.S. subsidiary and an international reinsurance business.

Mortgage rates increased slightly this week, but remain near historic lows, according to Freddie Mac.

President Obama called for Fannie Mae and Freddie Mac to be eliminated, but Democratic policymakers attending the convention here appear resigned to the fact that Congress is unable to act on housing finance reform.

Fannie Mae is making its housing counseling requirements more flexible so additional borrowers can qualify for its low down payment, affordable loan program called HomeReady.

Mortgage rates ticked up slightly across the board as the bond market settled from its post-Brexit volatility, but they remained near their historic lows, according to Freddie Mac.

FNF Group, the title insurance business of Fidelity National Financial Inc., had net earnings of $187 million for the second quarter, up from $160 million last year.

Purchase originations reached their highest share of the total number of loans closed in almost two years, according to Ellie Mae.