CoreLogic: 550,000 Homeowners Regain Equity in 2Q

CoreLogic, Irvine, Calif., said, an additional 548,000 homeowners regained equity in the second quarter, a further sign that the housing market continues to improve.

MBA: Independent Mortgage Banks’ Profits Double in 2nd Quarter

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,686 on each loan they originated in the second quarter, up from $825 per loan in the first quarter, the Mortgage Bankers Association reported yesterday.