Corporate governance

Bemortgage, currently a division of Chicago's Bridgeview Bank formed last November by a former Guaranteed Rate executive, will become a part of CrossCountry Mortgage.

As the House Financial Services Committee prepares to hold a hearing Thursday on oversight of the Federal Housing Finance Agency, the exact focus of the hearing remains somewhat in flux.

The cuts are part of a broader effort to trim expenses by roughly $3 billion a year by 2020.

Level One Bank in Farmington, Mich., has hired a team of mortgage bankers from MB Financial, which previously announced it was shutting down this business line.

Banks could shed as much as 20 million square feet of office space over the next five years as they shift many functions to high-tech operations centers in markets with cheaper rents.

The deal is designed to improve capital ratios and reduce risk at the Seattle company.

Ruoff Financial will make its first push into banking with the purchase of SBB Bancshares.

The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.

Remax Holdings is focused on "what it does best" with its Motto Mortgage business and in facing off against Zillow's new home buying and selling initiative, a company executive said.

Sonoma County supervisors have signed off on a wide-ranging suite of policy changes intended to encourage construction of more new homes seven months after nearly 5,300 residences were lost here in last year's devastating wildfires.

Costs rose at the global bank, profit in North America fell 16% and questions are mounting for new CEO John Flint ahead of the release of his strategic plan.

The group says Mulvaney, who also runs OMB, was not totally forthcoming with the Senate Budget Committee about the foreclosure of a property he owns in South Carolina.

Mortgage and title insurance companies licensed in New York need to file disaster response plans this year in line with increased state attention to business continuity planning.

CEO Tim Sloan and board chair Elizabeth Duke fielded tough questions Tuesday on everything from the embattled bank’s culture to its ties to the private prison industry.

The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.

The Chicago company said its decision was largely based on intense competition, very low margins and economic changes.

It’s still not business as usual, but the decision to unify its two brands — Popular Community Bank on the U.S. mainland, Banco Popular in the U.S. territories — under a single, simpler name is a welcome sign that Puerto Rico’s largest bank is moving forward after the devastation of Hurricane Maria.

A "three-pronged" internship and management program at HUD Federal Credit Union is helping professionals across all stages of their careers, and the initiative has garnered notice from HUD Secretary Dr. Ben Carson.

Sen. Elizabeth Warren, D-Mass., introduced a bill to create a permanent law enforcement unit to investigate criminal activity at large banks, just as the Senate was close to passing a regulatory relief package.

Despite past missteps in the U.S. mortgage business, the bank is giving it another go, bringing servicing in-house and catering to millennials and international clients here, says HSBC’s Raman Muralidharan.