Paul Davis

The Mississippi company's first-quarter earnings rose 60% from a year earlier. Its results from last year were weighed down by a settlement with regulators.

Opes Advisors has 39 locations in California, Oregon and Washington. The firm generated $3 billion in mortgages last year.

The cuts punctuate the end to a rapid expansion period at the company, which now seems to be prioritizing profitability over growth.

In his meeting with community bankers, President Trump openly pondered the fate of CFPB Director Richard Cordray with his advisers and appeared eager to quickly fix industry concerns through executive orders.

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.

The agreement comes three months after Astoria and New York Community Bancorp called off plans to merge.

Caliber will also buy about $36 million of mortgage servicing rights in a deal that is expected to close at the end of March.

Wintrust Financial in Rosemont, Ill., has bought certain assets of American Homestead Mortgage in Montana.

The deal includes about 250 correspondent relationships accounting for more than $7 billion of annual agency and governmental residential mortgage loan production.

The Virginia bank has agreed to buy Tidewater Mortgage's majority stake in Old Point Mortgage.