Banking

PNC Mortgage's chief executive and president Joseph C. Guyaux will retire in the spring of 2016, the Pittsburgh-based company announced Thursday. He will be replaced by treasurer and chief investment officer E. William Parsley III.

SunTrust Banks in Atlanta has promoted an executive to oversee its consumer banking and wealth management operations

Mortgage banking represented one weak spot in Wells Fargo's third-quarter results and company officials said that would likely be the case in the fourth quarter.

Bank of America originated $13.7 billion of first-mortgage loans and $3.1 billion of home equity loans during the third quarter, the company said in its quarterly earnings release.

LendingTree already offers a Yelp-like community where consumers can rate loan officers. Now it has created a question-and-answer forum within its loan officer directory platform.

Profit margins in JPMorgan Chase's mortgage banking unit were down in the third quarter, primarily due to the shift in the mix from refinance activity to home purchases, and from retail loan originations to correspondent lending.

LoanDepot in Irvine, Calif., seeks to raise up to $100 million in an initial public offering.

The inclusion of a loan secured by Chicago's Prudential Plaza in a recent CMBS is causing a stir.

Goldman Sachs is marketing $848.4 million of bonds backed by commercial mortgages.

NewCastle Home Loans Owner Ryan Kelley has branded himself as "The Home Loan Expert" and is willing to sit in a bathtub full of credit cards to prove it.

American Finance Trust, a commercial mortgage real estate investment trust, plans to securitize a $649.5 million loan that is secured by 268 single-tenant properties, according to Standard & Poor's.

Loans that underlie commercial mortgage-backed securities fell in price from July to August, according to DebtX.

A number of investment banks have been increasing the portion of high-quality loans backing commercial mortgage bonds.

Bayview and Freddie Mac believe they can provide a stable funding supply to underserved to owners of small commercial properties.

The country's largest real estate investors have bought a record $3.85 billion in property this year in the New York city borough and spent more than any other foreign country in the last decade.

It's hard to decide which is more surprising: that the largest U.S. bank has almost abandoned the business of making home loans insured by the Federal Housing Administration, that lots of big banks could be right behind it, or that the FHA might not even need to care.

Officials signaled that Hudson City Savings Bank's nearly $33 million settlement over redlining charges is only the first in what is likely to be a string of other cases.

Federal officials on Thursday ordered Hudson City Savings Bank to pay more than $27 million to resolve redlining allegations, the largest order of its kind and one that is likely to put larger banks on notice that redlining cases will be aggressively pursued.

Total multifamily mortgage debt outstanding rose 2.4% to $1 trillion at the end of the second quarter, according to the Mortgage Bankers Association.

Velocity Commercial Capital took steps to verify the so-called liar loan included in VCC 2015-1, a small-balance commercial mortgage securitization, according to Kroll Bond Rating Agency, which rated the deal.