Finance

Fannie Mae has incorporated Collateral Underwriter into its Desktop Underwriter and EarlyCheck offerings.

M&T Bank in Buffalo reported an increase in its first-quarter profit on the strength of higher mortgage banking revenue, but its results fell well short of analysts’ estimates as loan growth failed to meet expectations.

SunTrust Banks in Atlanta reported higher first-quarter profit as stronger fee income and lower expenses helped offset a drop in income from lending.

The final rule outlining new criteria for private mortgage insurers of Fannie Mae and Freddie Mac loans lacks a key feature that industry participants had sought: the ability to count future insurance premiums towards capital reserves.

Consumers may see little change in the ultimate cost of Fannie Mae or Freddie Mac loans despite a restructuring of certain loan fees announced Friday by the Federal Housing Finance Agency.

While most structured finance should withstand the effects of a rate rise courtesy of the Federal Reserve, faster increases could threaten to shock markets for commercial and residential mortgage-backed securities, according to Fitch Ratings.

Carrington Capital Management will challenge a court decision to award contractual damages to an investor it blocked from pulling money out of a mortgage securities fund it managed in 2007.

Interest rates remained stable as the real estate industry eyes the start of spring home-buying season, according to Freddie Mac.

Sandy Spring Bancorp, in Olney, Md., reported an increase in quarterly profit because of an increase in mortgage revenue.

FHFA's reduction appears likely to involve loan level price adjustments that the two government-sponsored enterprises charge borrowers and adverse market fees charged on every loan, but not a guarantee fee reduction that the industry has sought.

Wintrust Financial in Rosemont, Ill., reported first-quarter earnings of $39.1 million, up 13% from a year earlier, as loans increased and mortgage revenue rose.

Bank of America had mortgage banking income of $694 million, up from $412 million one year prior, as it originated $14 million of first mortgages in the first quarter.

Mortgage loan application volume dropped 2.3% on a seasonally adjusted basis for the week ended April 10 versus the previous week, the Mortgage Bankers Association said.

U.S. Bancorp posted profit that matched analysts' estimates on gains in mortgage-banking revenue.

Richard Syron, the former chief executive officer of Freddie Mac, settled a Securities and Exchange Commission lawsuit claiming officials understated hundreds of billions of dollars in subprime loans held by the firm and Fannie Mae.

Forty-one percent of mortgage lenders feel they are not ready for the August 2015 Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure Rule, according to a study by Capsilon Corp.

Altisource Portfolio Solutions has raised the curtain on Residential Investor One, a new cooperative aimed at providing savings and services for real estate investors.

Zillow Group Inc. dropped after giving a 2015 revenue forecast that fell short, blaming delays in regulatory approval for its purchase of rival real estate website Trulia Inc.

More banks are buying mortgage servicing rights now, reversing a post-crisis shift that saw nonbanks dominate the MSR purchasing landscape, according to Fitch Ratings.

Sound Financial Bancorp in Seattle has selected a former Fannie Mae executive to join its board.