Mortgages helped Bank of America earn record second-quarter net income of $2.70 billion ($1.80 per share), compared with $2.22 billion ($1.40 per share) for the same period in 2002.Record mortgage banking revenue of $559 million and a 13% decline in loan chargeoffs from those of a year earlier contributed to the company's second-quarter results. BoA can be found on the Web at http://www.bankofamerica.com.
The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
