Underwriting

Greenway Mortgage, a New Jersey lender that pledges to support charitable causes, is launching a consumer-direct digital mortgage division that will specialize in one-stop shopping for home renovations.

Private mortgage insurers are moving away from traditional rate cards in favor of more granular risk-based pricing to make their products more competitive and efficient for lenders.

Average credit scores for mortgage borrowers remain at a 2018 high, a sign that lenders aren't easing standards despite refinance candidates already falling off on higher rates, according to Ellie Mae.

Carrington Mortgage Services has created a nondelegated correspondent channel, looking to build on relationships it has with originators that currently broker loans to the company.

Bank jumbo mortgage underwriting standards weakened in the third quarter by the most in three years and as profitability remains under pressure, loosening should continue at an accelerated pace, a Moody's report said.

Borrowers will get more leeway to finance energy- and water-efficient improvements under a new program coming from Freddie Mac.

The growth of digital mortgage origination channels has improved customer satisfaction with the process, but consumers still want personal interaction at some point, according to J.D. Power.

Wells Fargo said Tuesday that an internal error that affected customers requesting mortgage modifications to remain in their homes impacted hundreds more people than the bank initially thought.

The amount of mortgage credit available to consumers increased to a post-crisis high in October in reaction to more first-time homebuyers entering the market, the Mortgage Bankers Association said.