Origination

Banks with large mortgage operations are struggling with lower profit margins, detrimental fair-value accounting rules and new regulations that add cost. The market is discounting their stocks as a result, but many of these banks say the blanket assessment is unfair.

Kofax, a maker of imaging and business process management software, is acquiring Softpro, a provider of fraud prevention and electronic signature software based in Boeblingen, Germany, for $34.7 million in cash.

New York Attorney General Eric Schneiderman has charged Evans Bancorp in Hamburg, N.Y., with deliberately failing to provide mortgages in minority neighborhoods in Buffalo.

Redwood Trust and the Federal Home Loan Bank of Chicago are revving up a program to buy and securitize jumbo loans and looking for signs that other FHLBs will participate.

Such a system will not erase past violations, but it can help convince a regulator that a lender is invested in doing business the "right way."

Lennar Homes and RBC Bank have formalized their unofficial agreement to help provide mortgages to Canadians buying homes in Southwest Florida.

The Bank of Napa has established a relief fund for victims of the recent California earthquake, which was centered in the bank's local area.

Redfin's July 2014 Housing Market Tracker report finds flat residential real estate price growth in all 35 markets included in the report for the first time in five months.

The days when banks would give away toasters when customers opened an account may be long gone, but Russia's Sberbank has a purrfect gift for new mortgage borrowers.

Following one of worst quarters in six years, federally-insured banks and thrifts experienced a rebound in retail mortgage originations in the second quarter.