Origination

BOK Financial reported a small drop in third-quarter profit, as a decline in the value of mortgage servicing rights offset loan and fee income growth.

New York Community Bancorp has agreed to buy Astoria Financial for about $2 billion in cash and stock, combining two of the largest New York-area banks to create an institution with about $64 billion in total assets.

Consumer demand to purchase housing increased slightly in September, compared to a year earlier, according to Redfin.

Radian Group's private mortgage insurance subsidiary pulled back from certain pricing discounts that have driven competition in recent months in that business.

Executives at small banks and credit unions told the Senate Banking Committee about horror stories of technical glitches, vendor delays and overworked appraisers, while expressing an interest in having more time to comply with new mortgage rules.

While national mortgage fraud risk is on the decline, here's a look at six markets where loan defects are rising.

Nobody thought it would be pretty, but last quarter's results were even worse than expected, and low fee revenue is largely to blame. Trading and mortgage banking were particularly bad, and few of the big banks managed to offset the declines.

Mortgage application volume fell 3.5% on a seasonally adjusted basis for the week ending Oct. 23, compared to the previous week.

Department of Housing and Urban Development staff are working on a revision to the agency's condo rule and "we anticipate a rulemaking process," HUD Secretary Julian Castro said this week.

Flagstar Bancorp reported a third-quarter profit, as it originated more residential mortgages and recorded higher fee income.