Bill Bodnar from the Mortgage Market Guide says that periods of sideways trading are usually followed by volatility and that can present mortgage industry professionals with an opportunity.

Quicken Loans has announced what the Detroit-based company said the is the best quarter in its 34 years as a business. So reports the Detroit Free Press.

Mortgage rates were flat as markets digested a week of mixed economic news. So reports The Washington Post.

The Rhode Island-based operator of a business that specialized in preserving the condition of foreclosed homes for resale has admitted in court to what officials portrayed as effectively a Ponzi scheme. So reports The Providence Journal.