Origination

New York Community Bancorp in Westbury and Astoria Financial in Lake Success, N.Y., have terminated their merger.

A legislative proposal would expand Fannie Mae and Freddie Mac's use of specially-created debt securities to share their risk with private investors, but such risk transfer deals are not a replacement for core capital.

Citigroup's global head of retail banking and mortgages, Jonathan Larsen, who has been known as an advocate of digital banking, resigned for personal reasons, the lender said.

Radius Financial Group worked for years to achieve an end-to-end digital closing process, finally doing so this fall. Here's how the Massachusetts lender got it done.

Higher mortgage rates are expected to put a damper on the housing market's potential along with home price appreciation next year, according to First American Financial Corp.

Deutsche Bank may reach a deal as early as Wednesday to settle allegations by the Department of Justice that it misled investors when selling mortgage-backed securities, Reuters reported.

The transition team for President-elect Donald Trump is considering several candidates to fill key spots at the Department of Housing and Urban Development and Federal Housing Administration, including a homebuilder and former lender.

PHH Corp. plans to close a Buffalo, N.Y.-area office next year, which will result in the layoff of 80 employees, extending the staff reductions already taken in 2016.

While depository mortgage lenders should exercise some caution before welcoming trended data and alternative credit scoring into their process, they must become inclusive or face losing market share to newer industry players like SoFi.

The largest month-over-month decrease in foreclosure filings since November 2010 occurred last month, according to Attom Data Solutions.