California accounted for most of the overall market decline in agency business during the second quarter, although FHA lending was up in the state. (Includes data chart.)

Tomo was founded by two former Zillow executives with a sole focus on purchase mortgages. Meanwhile, three-year-old Lower recently completed a $100 million Series A funding round.

The regulator released additional data collected from the survey of 5% of new mortgage borrowers each quarter. The data covers originations through the third quarter of 2020.

The first step for many companies looking to ramp up efforts to increase diversity and inclusion: hiring a diversity officer. The MBA’s diversity officer has some other suggestions too.

A few more mortgage IPOs could hit the stock roulette wheel by yearend. The reason: another potential reprieve on rates.

Investors in Fannie/Freddie common (and preferreds) were licking their wounds this week after the Supreme Court essentially ruled against them. Moral of the story: Stock speculation is not for the weak of heart.

New loan production in bank mortgage banking operations was down slightly in the first quarter. Loan sales also slumped. (Includes two data charts.)

Experts believe a properly configured customer relationship management system can help lenders survive the change from a refi-heavy market to a purchase one.

The title insurance company was fined for an inadequate response after receiving notification that millions of mortgage records were inadvertently available for view online.

eVault technology from DocMagic will be incorporated into ICE Mortgage’s Encompass loan origination system. Also, MISMO expanded its eMortgage tech certification program.