Underwriting

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, introduced legislation Thursday to reform consumer credit reporting.

Mortgage applications decreased 1.6% from one week earlier, according to the Mortgage Bankers Association.

Ditech Financial will shift a St. Louis-area servicing platform to start doing new loan originations during the third quarter.

The June 25 launch, which will provide lenders with much more information about a borrower's credit history, will mark the first widespread use of trended data in the mortgage industry.

Following disappointing April employment data, mortgage rates are at their lowest point of the year, according to Freddie Mac.

Mortgage applications increased 0.4% from one week earlier, according to the Mortgage Bankers Association.

MountainView Servicing Group said Friday that it is the exclusive advisor for the sale of a bulk mortgage servicing rights portfolio with Fannie Mae, Freddie Mac and Ginnie Mae loans.

American International Group's mortgage insurer, United Guaranty Corp., is seeking to raise about $700 million to $800 million as it sells shares to the public, according to people familiar with the matter.

Mortgage insurer Essent Group reported higher net income for the first quarter of 2016 as premium growth outpaced rising expenses.

Mortgage rates are now hovering just above their low point for the year, according to Freddie Mac.