Mortgages

A unit of M&T Bank in Buffalo, N.Y., has bought certain operations of Philadelphia mortgage firm Carey, Kramer, Pettit, Panichelli & Associates.

Refinance volume rose among millennial borrowers in November, reflecting a nationwide trend, according to Ellie Mae.

Through Motto Mortgage, Remax is looking to give its smaller franchisees the same ability to offer one-stop shopping to homebuyers as larger operators, in a way that will not raise red flags for regulators.

Mortgage brokers and their wholesale partners have seen a slow increase in their market share since the start of the housing recovery. Remax's Motto Mortgage franchise business could accelerate growth faster than the channel's advocates hope for.

American Mortgage Consultants has acquired a business unit that handles due diligence and quality control for residential mortgages from Stewart Lender Services.

The national foreclosure inventory fell by 30% year over year in November, according to CoreLogic.

Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray.

Gov. Andrew Cuomo wants to give the state's banking regulator — one of the country's most aggressive — the power to ban "bad actors" from working in financial services, allowing it to step in when federal agencies refuse to act.

Ellie Mae has rolled out an extension to its Encompass Lending Platform to allow loan officers to originate loans in a mobile environment.

The Federal Housing Administration said it would cut the annual premium by 25 basis points starting on Jan. 27, giving President-elect Donald Trump a limited window to delay or scrap the cut.

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

Americans' desire to be homebuyers decreased for the fifth consecutive month in December as interest rates continued their post-election climb, according to Fannie Mae.

HSBC was fined $32.5 million for failing to comply with a 2011 consent order that directed the bank to revamp its mortgage servicing and foreclosure practices.

The number of homeowners underwater on their mortgage continues to shrink as the amount of tappable home equity grows, according to Black Knight Financial Services.

New approaches to credit scoring lower the standard of the criteria required to receive a mortgage loan, at greater risk to the industry.

Some single-family lenders are ideally trying to move purchase loans from application to funding within 21 days at a time when average timeline is twice as long. Here's why.

The Federal Housing Administration is cutting its annual mortgage insurance premium by 25 basis points, lowering it to 60 basis points starting Jan. 27, the agency said Monday.

The Department of Housing and Urban Development has charged Bank of America with discriminating against prospective Hispanic mortgage borrowers at a branch in Charleston, S.C.

The House Financial Services Committee will see a shuffling of deck chairs among the leadership of its subcommittees in the new Congress as it also welcomes 10 new Republican members.

Ohio has prohibited the use of plywood to board up certain vacant or abandoned properties in foreclosure.