Banking

At least one banker has gone public with expectations that the OCC will force his institution to hold more capital. More could soon follow.

Walter Investment Management Corp. sank into a deeper $172.7 million net loss during the first quarter, as lower interest rates caused pressure on the company's mortgage servicing rights valuation.

With consumers generally averse to risk, financial institutions have an opportunity to rethink what it means to make bets in line with their customers' well-being.

Commercial and multifamily mortgage loan originations barely budged overall during the first quarter when compared to the same period last year, according to the Mortgage Bankers Association.

Federal Savings Bank in Chicago has acquired the assets of ICC Mortgage Services in Westbury, N.Y.

Flagstar Bancorp reported an increase in net income during the first quarter, mainly on higher interest income and a larger release of loan loss reserves.

Borrowers continue to get smarter about the mortgage process, but from questions about closing costs to the minimum down payment and credit score needed to qualify, there's still a lot that can keep consumers confused during the origination process, or worse, on the sidelines of the market entirely.

Alterra Home Loans more than doubled its mortgage volume but saw its revenue decline. After some post-adoption hiccups, the company is making more money than ever. Other lenders have similar stories.

Blackstone Group, with real estate assets that have surpassed $100 billion, is considering tapping individual investors as it expands its push into owning high-quality buildings with steady income streams.

People's United Financial in Bridgeport, Conn., reported higher first-quarter profits as it increased lending for both commercial and residential real estate.

Competitive pricing and softening demand at the high end of the apartment- and condo-building market had executives at BankUnited, Signature and New York Community answering tough questions about their growth projections and diversification strategies.

Two St. Louis-area investors have been indicted on charges they defrauded the failed Excel Bank on real estate loans.

Stonegate Mortgage Corp. in Indianapolis has promoted James Smith, its president and chief operating officer, to be its permanent CEO.

Learn how the some of the industry's most successful loan originators get it done with these tricks of the trade from the 2016 Top Producers rankings' top 20 loan officers of the Northeast.

M&T Bank in Buffalo, N.Y., for the first time was able to report a full-quarter impact from its acquisition of Hudson City Bancorp, which took about three-and-a-half years to complete because of regulatory challenges.

First Horizon National in Memphis reported improved quarterly earnings that reflected higher revenue.

Total mortgage income at B of A was $433 million, down from $694 million a year ago as the strategy of putting loans on its balance sheet meaning the bank gets less gain-on-sale revenue.

Wells Fargo & Co. said first-quarter profit fell 5.9% as the firm set aside more money for soured energy loans and expenses increased.

Mutual of Omaha Bank and an affiliate of PlainsCapital Bank in Dallas have partnered to sell residential mortgages.

The average profit on each loan originated in 2015 by independent mortgage banks and mortgage subsidiaries of chartered banks jumped by more than $400 from the previous year, according to the Mortgage Bankers Association.