Banking

Mortgage lenders that embrace social media are going to great lengths to ensure their activities remain compliant with truth in lending regulations. But even lenders that shun social media must take steps to avoid marketing compliance risks.

American farmers who expanded production using rented land during the commodity boom a few years ago are now struggling to repay loans.

Small-business lenders are scrambling for financing to accommodate a possible real-estate-related borrowing surge once a key federal rule change takes effect next week.

Open Mortgage, a multichannel lender based in Austin, Texas, has been approved as a Fannie Mae seller.

Longstanding mortgage advertising rules are taking on new meaning in the age of digital marketing.

The returns on private commercial mortgage investments held by life insurance companies are on the rise, according to the LifeComps Commercial Mortgage Index.

ICBA Mortgage has expanded its relationship with DH Corp. to offer Independent Community Bankers of America members access to the MortgageBot loan origination system.

Caliber Home Loans is marketing a residential mortgage-backed securitization mainly backed by nonprime loans, called COLT 2016-1 Mortgage Loan Trust.

The Department of Housing and Urban Development has reached an agreement with First-Citizens Bank & Trust Co. in Raleigh, N.C., to settle alleged fair lending violations.

The second mortgage is on its way back, and some lenders could have an advantage in the competition for the piggyback loan business.

Rick Elmendorf's annual movie night — this year featuring the premier of the new Star Wars film — for his clients and business associates (along with their families) helps to create new referral relationships for this Washington Metro area loan officer.

Banks are increasing their construction lending to builders but access to land acquisition and development loans remains tight.

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. Now, his Darien Rowayton Bank plans to bring its tech-based approach to the mortgage market.

Increased loan production during the spring home buying season has nonbank mortgage lenders stepping up their hiring.

Flagstar Bancorp is interested in buying a small-to-midsized independent nonbank mortgage banker as part of a strategy to boost its retail origination volume.

Mortgage credit availability tightened for the third consecutive month in May, according to the Mortgage Bankers Association.

Craig Strent of Apex Home Loans saw potential in blending his mortgage banking services with the strategy of financial advising, finding strong partners and a niche in helping clients through one of life's most difficult transitions.

Incenter Mortgage Advisors is brokering the sale of a $1.4 billion Fannie Mae and Freddie Mac bulk residential mortgage servicing rights portfolio.

The CFPB alleges that David Eghbali, a loan officer for a Wells Fargo branch in Beverly Hills, Calif., developed a scheme to manipulate escrow fees in order to close more mortgages and boost his bonus. Eghbali says he was forced to sign a settlement because he couldn't afford to fight the CFPB in court.

Detroit’s renaissance has had spillover effects, including a sharp reduction in the frequency of fraud, misrepresentation and other defects in mortgage applications, First American Financial Corp. said Thursday.