Finance

The Providence, R.I., company reported a double-digit increase in quarterly profits despite a year-over-year decline in fee-based revenue.

The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank.

However, mortgage growth and servicing income weren't the only reasons profits rose by double digits at the Dallas bank.

MGIC Investment Corp.'s first-quarter net income beat analysts' estimates due to favorable loss development and that should be seen with the other private mortgage insurers.

The 860 loans backing its latest transaction, the $258.4 million Verus Securitization Trust, 2018-INV1, are all "business purpose investor loans,” according to S&P.

Ditech Holding Corp. lost $426.9 million in 2017, with almost half of that recorded during the fourth quarter, when the company filed for bankruptcy.

A large portion of the collateral for the $1.06 billion IH-2018-SFR1 is being rolled over from two transactions originally issued in 2015.

A class action filed last week alleges that Renovate America and Renew Financial failed to provide consumer protections promised to L.A. County, that this constitutes elder abuse, and the county is complicit.

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's numbers may do little to change their minds.

One measure of how much things have changed in the last decade at Bank of America: The firm has stopped reporting fees from its mortgage business.

HELOCs make up just 2.9% of the $281 million pool of collateral; 81.8% of the HELOC borrowers are currently ineligible to make draws; another 18.2% are permanently frozen.

First-quarter mortgage banking results at Wells Fargo and JPMorgan Chase were weaker than Keefe, Bruyette & Woods forecast due to lower-than-expected gain-on-sale margins.

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business.

Automating the mortgage process will force tighter margins, but drive higher volume, for lenders.

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

Investors are growing worried about lackluster loan growth this year at community banks.

The future secondary mortgage market entities will receive high investment grade ratings, even as there is no clarity on their scope or form, Fitch Ratings said.

Technology startup Eave is making a foray into Colorado's fast-moving, high-end mortgage lending market by offering software designed to quickly analyze jumbo borrowers' more complex incomes and assets.

The increase in the delinquency rate for securitized CRE loans for March ended an eight-month streak of declines.

A pair of the nation's largest banks, Citigroup and Wells Fargo, made changes to their mortgage banking executive teams.