Joseph Kellard

Five credit unions in three states have partnered with myCUmortgage, a provider of outsourced origination and servicing programs.

Trends in commercial real estate lending, which has reached record levels at U.S. banks, are unsustainable, Fitch Ratings warned.

Cathay General Bancorp in Los Angeles has agreed to a community reinvestment plan tied to its deal to buy SinoPac Bancorp from Bank SinoPac in Taiwan.

Sun Bancorp’s third-quarter profit declined, as the Mount Laurel, N.J., company recorded almost $3 million of one-time gains a year ago.

Higher mortgage banking revenue and commercial real estate lending offset merger costs at United Community Banks in Blairsville, Ga., leading to an improvement in third-quarter profit.

Bank of Hawaii expanded lending for residential mortgages and commercial real estate, boosting its third-quarter profit.

U.S. Bancorp has agreed to settle a lawsuit that claimed it neglected to maintain foreclosed properties in Southern California after the 2008 financial crisis.

Xenith Bankshares in Richmond, Va., is getting out of the mortgage origination business.

Washington Federal in Seattle has added the general manager of mortgages at Zillow Group to its board.

Provident Financial Holdings has restated earnings from its most-recent quarter after it booked higher loan-origination costs.

Hilltop Holdings in Dallas has promoted Alan White to share the chief executive role with Jeremy Ford.

Eight credit unions with branches in six states have partnered with myCUmortgage to provide mortgage products and services for their members.

The former officers and directors for Midwest Bank & Trust have reached a $26.5 million settlement with the Federal Deposit Insurance Corp. over charges of negligence during the financial crisis.

TFS Financial in Cleveland posted a double-digit profit increase in the quarter that ended June 30 thanks to a combination of improved credit quality and lower expenses.

Wintrust Financial in Rosemont, Ill., reported strong momentum from mortgage growth and acquisitions.

The time to close residential mortgage loans continues to drop, falling an average of two days in March from the previous month, Ellie Mae reported.

Two St. Louis-area investors have been indicted on charges they defrauded the failed Excel Bank on real estate loans.

Ellie Mae has launched the latest version of its mortgage management software, featuring updates on trade management reporting and Freddie Mac and Fannie Mae integrations.

Stonegate Mortgage Corp. in Indianapolis has promoted James Smith, its president and chief operating officer, to be its permanent CEO.

Purchase mortgage activity, which normally picks up in March and April, is getting an extra boost from an improving economy, the Mortgage Bankers Association reported.