Mortgages

Already beset by stagnant wages, growing student debt and competition from investors who are snapping up listings, those looking to purchase moderately priced houses must also provide more cash up front.

Wells Fargo's mortgage business, the largest in the U.S., is looking to halt a revenue slump by sweetening the payoff for employees amid a shift to new home purchases.

PHH is appealing one of the largest judgments ever awarded in a mortgage case. The dispute encapsulates many of the problems that have plagued the servicing industry in recent years.

Freedom Mortgage in Mount Laurel, N.J., has agreed to pay $104,000 to settle claims that it discriminated against loan applicants with disabilities.

Several institutions said their underwriters already exclude paid and unpaid medical debt from their calculation, raising questions about what kind of impact the new model will have on lenders.

The ratings agency plans to assess deals based on representations and warranties as well as an analysis of an independent third-party review of data quality and an originator assessment.

Privlo, a nonconforming residential mortgage lender in Los Angeles, has raised $350 million in debt and $3.8 million in equity to help the company's overall growth.

Stewart Lender Services in Houston has completed the acquisition of DataQuick Lending Solutions, which adds valuations to Stewart's mortgage service offering.

Though there is still a year for mortgage lenders to get in compliance with the Consumer Financial Protection Bureau's document changes, the perils of missing that deadline are considerable.

New Penn Financial a national nonbank lender in Plymouth Meeting, Pa., has introduced a loan product for buyers who do not comply with the qualified mortgage criteria that took effect in January.

Mortgage application volume was lower than the week before as both refinance and purchase activity declined.

Amerisave Mortgage Corp. and its owner have been ordered to pay more than $20 million for allegedly overcharging borrowers and trapping them in higher interest rates than those advertised.

Oak Mortgage Group in Austin has opened a builder relations division in Texas.

The Federal Housing Finance Agency provided its first specifics Tuesday on how it intends to create a single security for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.

Even though refinance loans account for the majority of mortgage applications, the refi boom has long been over, and depressed origination volume will keep it that way for some time.

Ocwen Financial Corp., the largest nonbank mortgage servicer, said investors shouldn't rely on its financial statements for 2013 and the first quarter of this year as the firm’s auditor reviews accounting controls.

Starwood Waypoint Residential Trust, an owner of single-family homes, bought two pools of delinquent loans and 146 bank-owned houses for $219 million.

Building awareness and trust in your company helps to get new customers.

Realogy Holdings Corp., owner of brokerage brands Coldwell Banker and Century 21, is building a division to manage single-family homes for landlords in the growing house-rental industry.

Walter Investment taps profits from HARP refinancings to build retail origination network.