Origination

M&T Bank remains comfortable with its decision to acquire Hudson City Bancorp even though a recent rise in mortgage rates could crimp Hudson City's profits.

I was pleased to hear from many readers who read my column last week about trying to reboot their businesses in the midst of rapid market change.

Regulators have begun a push to significantly limit, and in some cases completely eliminate, the use of automated valuation tools in property valuation efforts.

While mortgage bankers joined customers in support of the Senate’s reconfirmation of Richard Cordray as director of the Consumer Financial Protection Bureau, challenges remain.

A 19% decline in mortgage banking revenue on a year-over-year basis is the main reason for a 3% decline in total noninterest income at U.S. Bancorp in the second quarter.

Single-family housing starts in June came in at a seasonally adjusted rate of 591,000, about 0.8% below the revised May figure of 596,000.

Overall, revenue for Bank of America increased 3% on yearly basis from $22.2 billion in 2012 to $22.9 billion in 2Q13.

The market share of refinance applications fell to their lowest percentage since April 2011, the Mortgage Bankers Association said.

Mortgage Master also revealed other figures showing its average production per loan officer during the first half was $16 million.

You need to be able to deal with an unexpected temporary shutdown of operations.