Finance

The $36.3 billion-asset bank reported double-digit growth in C&I loans, commercial real estate loans and specialty loans to the private-equity, entertainment and energy industries in the third quarter.

Net income for the Oregon regional bank was $61.3 million, a slight decline from the same quarter last year. It earned 28 cents per share and fell short of analysts’ expectations,

Total loans fell 1.6% at the North Carolina-based regional bank, which has been scaling back in key segments such as residential mortgages and auto. Wider margins offset that reduction, but earnings were flat and revenue growth small.

Called Structured Agency Credit Risk Securitized Participation Interests, the new securities are backed by mortgage loans, and are not general obligations of the government-sponsored enterprise.

Jeff Tennyson is out as president of Radian Group's Clayton Holdings real estate services business as the holding company provided further details about its restructuring plan.

Many of the prime jumbo loans backing the transaction, JP Morgan 2017-4, were contributed by originators with limited history in that product, according to DBRS.

Fannie Mae used last year's Home Mortgage Disclosure Act data to increase its origination projections for both 2017 and 2018 even as its overall economic outlook remained unchanged from September.

The latest deal features slightly higher exposure to Florida, where Renew has not been operating as long as it has in California.

Fintech and marketplace lender LendingHome is getting more than $450 million in investment and funding from different channels to help support mortgage production growth and technology improvements.

Entrepreneurs like LendingHome's Matt Humphrey are upending mortgage finance with tactics borrowed from fintech, marketplace lending and the traditional mortgage playbook.

Ginnie Mae and the Department of Veterans Affairs have described in more detail the VA loan refinancing practices they will crack down on to eliminate a long-running churning concern.

Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues.

Fee income also surged as the San Francisco bank reached the $100 billion mark in wealth management assets.

The Pittsburgh company benefited from loan growth and higher interest rates, though fee income fell and expense rose in the third quarter.

Wells Fargo took a surprise $1 billion charge in the third quarter for previously disclosed pre-crisis, mortgage-related regulatory investigations. It contributed to a 19% fall in profits.

JPMorgan Chase reported a rise in value of its mortgage servicing rights despite lower originations in this year's third quarter.

A 38% increase in new loan originations led to another quarter of record earnings.

Demand for commercial loans has been weak for much of the past year and among the big questions bank executives will face this earnings season is when they can expect the pace to finally pick up.

CFPB Director Richard Cordray is using the Equifax breach to suggest the CFPB be given power to examine credit reporting agencies for potential cybersecurity lapses.

The Treasury Department is expanding its calls for overhauling regulation of the financial services sector, this time focusing on changes to the most significant rules surrounding securitization and derivatives.