Banking

Stonegate Mortgage Corp. expanded its loss year-over-year following a decline in mortgage servicing rights assets.

Savvy salespeople live by the motto ABC: Always Be Closing. Here's a look at loan officers featured in the Top Producers Rankings who took that mantra to new heights by posting triple-digit increases in their annual mortgage origination volume.

HomeBridge Financial's Michael Stallings took a desire to help military veterans and grew that into a hearty business focused on bringing other veterans the cornerstone of homeownership.

Property valuations for specially serviced U.S. commercial mortgage-backed securities have dipped, according to Fitch Ratings.

MountainView Servicing Group said Friday that it is the exclusive advisor for the sale of a bulk mortgage servicing rights portfolio with Fannie Mae, Freddie Mac and Ginnie Mae loans.

Forecasters expect stronger originations in the second quarter as home buying outpaces refinancings.

PHH Corp. reported a first-quarter loss of $30 million, which included a $10 million pretax adjustment to the value of its mortgage servicing rights.

New rules have made it more challenging to originate mortgages without drawing attention from regulators. Mercantile Bank in Michigan, however, believes that positive trends in its biggest markets are incentive enough to hire lenders and improve its systems.

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.