Andy Peters

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People's United Financial in Bridgeport, Conn., reported higher first-quarter profits as it increased lending for both commercial and residential real estate.
Rates for the 30-year fixed-rate mortgage rose slightly last week, as recent figures showing an active home-sales market suggest homebuyers are taking advantage of current conditions, according to Freddie Mac.
Competitive pricing and softening demand at the high end of the apartment- and condo-building market had executives at BankUnited, Signature and New York Community answering tough questions about their growth projections and diversification strategies.
Total mortgage applications increased last week, due to an increase in refinance applications, according to the Mortgage Bankers Association.
M&T Bank in Buffalo, N.Y., for the first time was able to report a full-quarter impact from its acquisition of Hudson City Bancorp, which took about three-and-a-half years to complete because of regulatory challenges.
Commerce Union Bancshares in Brentwood, Tenn., plans to close mortgage offices in Ohio, Illinois and Kentucky and to transfer the employees to Bridgeview Bank Group in Bridgeview, Ill.
PHH Corp. said its loan closing dollar volume will decrease this year, after Bank of America's Merrill Lynch announced plans to withdraw business from the firm.
Realogy's NRT subsidiary completed the most residential real estate transactions in 2015, among all brokerage firms.
The housing market is poised to post its best year in a decade, although employers' resistance to giving workers a raise is a major concern, Freddie Mac said.
Interest rates on fixed-rate mortgages were unchanged from last week, Freddie Mac said.
The new consumer disclosure rule known as TRID has increased origination costs for lenders, but at the same time has boosted borrowers' satisfaction in the loan-closing process, according to a new study.
Total mortgage applications declined last week, as volume was once again impacted by the drop-off in refinancings, according to the Mortgage Bankers Association.
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