Technology

Intercontinental Exchange Inc., best known for energy trading and its control of the New York Stock Exchange, is engaged in negotiations that would give it a foothold in the $9.4 trillion U.S. mortgage market.

Changing mores among the millennials will delay first-time home purchases and contribute to further declines in the national homeownership rate through 2018, according to Zillow.

Ellie Mae ties its fortunes to its clients' success with a pricing model that charges lenders based on the number of loans they close. Now it's found a way to monetize the applications that flow through its origination software but don't get funded.

Jobs report shows nonbank originators added 2,200 new hires to their payrolls in June.

While distressed borrowers said they're more satisfied with the customer service they receive today than a year ago, servicers with large portfolios of distressed loans were still ranked lower than their peers in a recent J.D. Power survey.

The regional banks are repurchasing excess stock and increasing dividends.

Ellie Mae in Pleasanton, Calif., reported a rise in second-quarter profits compared to last year, boosted by sales of its mortgage origination software.

Mortgage rates held steady over the past week, remaining near their lowest levels for the year, according to Freddie Mac.

Over the long haul, ignoring online leads is going to make it difficult for retail lenders to survive, since recent studies clearly show more and more borrowers are finding their lenders online.

Delinquency rates for commercial mortgage-backed securities improved slightly in July, according to a report released Wednesday by Trepp.