Finance

Springleaf Finance Corp., the subprime lender that’s been raising cash to repay maturing debt by packaging older mortgages into bonds, plans to sell $787 million of home-loan securities.

U.S. Bancorp said third-quarter profit climbed 16% to a record, beating analysts’ estimates as mortgage-banking revenue more than doubled.

Mortgage application volume decreased by 4.2% on a seasonally adjusted basis for the week ended Oct. 12.

Real estate investment trusts that invest in mortgage debt have lost about 6% of their value in the past week.

The Department of Justice is continuing to pursue Federal Housing Administration lenders for past underwriting sins in an effort to hold them accountable and produce sizable settlements to bail out the government’s mortgage insurance fund.

PNC Financial Services Group said earnings from its mortgage banking business rebounded in the third quarter due to higher single-family originations and much lower provisioning for mortgage repurchase demands.

PennyMac, a publicly traded REIT, may soon be extending warehouse lines of credit to nonbank originators.

Shellpoint Partners filed a shelf registration with the Securities and Exchange Commission to issue nonagency mortgage-backed securities.

Keefe, Bruyette & Woods expects the next round of mortgage real estate investment trust earnings to be lower than the previous quarter’s, but believes book values will be higher.

As the mortgage industry gets ready for its biggest meeting of the year they will be thinking about a number of things.

Analytics have uncovered what seems to be a counterintuitive trend among Texas-based loans in seasoned private-label residential mortgage-backed securities.

Successful mortgage originators remember their client's interests come first.

Small and midsized mortgage bankers are pairing up to be able to offer clients more services.

Radian Guaranty said “proactive capital management initiatives” were responsible for it being able to write policies in its main underwriting unit for all of 2012.

Ken Markison, the Mortgage Bankers Association’s regulatory counsel sees the relationship between the qualified mortgage, the qualified residential mortgage and the Home Ownership and Equity Protection Act as three concentric circles.

Two recent Department of Justice actions are likely the first of many asserting claims associated with past improper underwriting and lending practices.

The happiest professionals in all of mortgage banking today may very well be warehouse lending managers.

Fannie Mae’s $22.3 billion in year-to-date multifamily issuance through the third quarter suggests 2012’s total will easily top 2011’s.

Former Kondaur CEO Jon Daurio is out in the market trying to raise money for a new nonconforming lender.

The syndication of warehouse lines of credit may be staging a mini-revival.