Origination

The share of closed purchase loans remained flat in June, affected by the lack of homes for sale, according to Ellie Mae's Origination Insight report.

Mortgage loan application volume increased 6.3% last week as interest rates remained flat after a sharp gain during the previous 14-day period, according to the Mortgage Bankers Association.

California Gov. Jerry Brown and legislative leaders announced that the state's housing crisis will be at the top of their agenda when lawmakers return in August from a month-long break.

The Buffalo, N.Y., bank also said commercial and consumer lending ticked up, while residential real estate fell during the second quarter.

Home sales — and prices — reached a new high in the Twin Cities area last month, but the dearth of listings continued and may soon put a brake on deals.

Residential construction ended the second quarter on a stronger note as groundbreaking on new homes rebounded in June to the fastest annualized pace in four months.

Declines in commercial products and mortgage banking fees at the Minneapolis company offset some of the benefits of higher interest rates.

The credit characteristics of the collateral are broadly similar to the sponsor's inaugural deal, completed in February, but the capital structure has been tweaked.

The Pennsylvania bank's mortgage performance contributed to stronger loan growth, fee income and profits.

The FDIC is watching banks that use wholesale funds to support CRE lending. The warning comes as brokered deposit levels at community banks are at their highest level in nearly six years.