Banking

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.

The bank's new low-down-payment mortgage, an alternative to FHA loans, dispenses with the complex qualification requirements that have hampered recent efforts with low down payments by Fannie and Freddie.

Loan rates moved up slightly from their 2016 lows as anticipation grows of a rate hike this summer courtesy of the Federal Reserve, Freddie Mac reported.

American Advisors Group has released its jumbo reverse mortgage loan product to its wholesale network in California.

Mortgage applications and interest rates both increased during the week ending May 20, according to the Mortgage Bankers Association’s weekly survey.

The stock price of CBL & Associates Properties Inc. sank 13% in early trading after a published report said the U.S. retail landlord is being investigated for accounting fraud.

Median investment home prices are rising thanks to all-cash sales, according to a report from the online real estate investment management firm HomeUnion.

Staying on top of credit underwriting rules is essential for Rosalie Rains of Capital Financial Advisors, and when things get slow she can always turn to the two-color flier she made when she first started originating loans.

Paramount Group is closing a real estate debt fund that has $775 million in commitments.

Ares Capital, the publicly traded lender managed by alternative-investment firm Ares Management, will acquire American Capital Ltd. in a deal valued at $3.4 billion.

New York luxury-condo builder Extell Development Co. says it’s taking longer than expected to obtain construction financing for its One Manhattan Square project as lenders pull back from the market.

Joseph Chacko works with H1B visa holders in ethnic communities, and uses his knowledge of agency guidelines and immigration policy to offer foreign workers a place to put down roots.

Mortgage banks were more likely than other lenders to see a competitive advantage from the implementation of the TILA-RESPA integrated disclosure rules, according to a survey from Fannie Mae.