Finance

Mortgage bankers' first-quarter earnings should be down from the fourth quarter in tandem with the reduction in origination volume.

Vladimir Putin is taking a page from the U.S. housing market to boost homeownership. Call it Russia's Fannie Mae.

Impac Mortgage Holdings sold $56 million of its common stock as part of a plan to securitize non-qualified mortgage loans.

Wintrust’s mortgage revenues fell in the first quarter, but net interest income picked up the slack.

The hand-wringing over business lending has overshadowed the fact that consumer lending — particularly for regional banks — has become a strong and steady engine of growth.

Bank of America's year-over-year loan growth was slow, but parts of its commercial and U.S. consumer businesses were strong, prompting optimism from the CEO in the face of lackluster numbers across banking so far this earnings season.

The real estate investment trust has become a regular issuer, relying on a strategy of exercising "clean-up calls" on older mortgage bonds that it services.

Bank of Montreal is bundling uninsured residential mortgages into bonds in what could be the start of a new financing market for Canadian banks as the government scales back its support for home loans.

The Birmingham, Ala., company's profit climbed 8% as higher market interest rates and investment securities balances offset lower average loan balances.

The Columbus, Ga., company also announced late Monday that it is buying the credit card assets and brokered deposits of the retailer Cabela's and will then sell the card portfolio to Capital One.

The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals.

Per-loan profits for nonbank lenders increased over 13% in 2016 from the previous year, driven by higher loan balances and increased revenue.

Net income climbed 13% as as the Fed's hike improved loan yields and the stock market’s surge boosted returns from PNC’s stake in BlackRock, the world’s largest asset manager.

Record loan originations and the continued accumulation of wealth management assets added up to 12% earnings growth at the San Francisco bank.

First-quarter revenue at the scandal-plagued bank missed analysts’ estimates as profit fell in the lender’s troubled retail bank and expenses climbed.

Former Jefferies & Co. Managing Director Jesse Litvak says he should be spared prison when he is sentenced later this month following his conviction of a single count of fraud.

Agency mortgage-backed securities issuance increased in 2016, rising to $1.6 trillion from $1.3 trillion, while nonagency mortgage securitization issuance decreased.

Returns from funds investing primarily in government-related mortgage securities were stronger in the first quarter than they were in the fourth quarter of 2016, but aren't quite as strong as in the first quarter of 2016.

Late payments on securitized commercial mortgages rose again in March, led by industrial and retail property loans.

Freddie Mac has obtained two new insurance policies under its Agency Credit Insurance Structure program.