Huntington's Profits Rise on Mortgage Banking Fees
Huntington Bancshares in Columbus, Ohio, reported higher quarterly in profit that reflected higher in mortgage banking fees and steady loan growth.
Trail of Red Flags Followed Real Estate Agent in Cash Deals
Don Elko of Covenant Abstracts in West Hazleton, Penn., was concerned about a series of business transactions that were coming across his desk. "Iggy, there are rumors on the street raising a lot of questions about how you do business," he told Ignacio Beato, a seasoned real estate agent with whom he had done business for nearly a decade.
Mortgage Volume to Rise 23% in 2015, MBA Says in New Forecast
The Mortgage Bankers Association on Wednesday said the housing market recovery has shifted to "a higher gear," and it raised its forecasts for total originations and home purchases for this year and 2016.
Six Takeaways from Big Banks' Strong 2Q Mortgage Results
Bankers were pleased with the dramatic leap in home lending last quarter, but they cautioned that volume will slow in the second half as rate increases curb refinancings, nonbanks provide stiffer competition, servicing costs remain high and underwriting standards change.
Radian 2Q Profit Drops Due to Debt Restructuring
Radian's note repurchase and issuance of new debt have helped increase the liquidity and capital strength of its mortgage insurance business.