Banking

The Cleveland company, which this spring said it had decided to start originating its own mortgage loans again, shared more details on the start date of this new effort and the rationale behind it.

Citigroup's combined gain-on-sale and mortgage servicing revenue increased by 34% in the second quarter over the same period last year.

M&T Bank reported a higher quarterly profit that reflected increased fees and higher net interest income.

Bank of America Corp., the lender most hobbled by the collapse of the housing market, said second-quarter profit more than doubled as the mortgage business rebounded and expenses fell to the lowest since 2008.

purchase lending, loan production, Wells Fargo, home lender

The House passed a bill Tuesday that could ease the regulatory burden on community and regional banks with mortgage servicing businesses.

Wells Fargo said second-quarter net income was little changed as rising rates have eroded Wells Fargo's dominance in the mortgage market.

Struggling to win business in the age of QM, Impac Mortgage has relaxed underwriting requirements in hopes of attracting borrowers many other lenders won't touch.

Commercial real estate lending and mortgages are banks' main source of hope to beat lukewarm expectations for the earnings season that begins Tuesday.

A new platform developed by Overture Technologies seeks to pair consumers and lenders online without charging for advertising by the number of clicks or leads generated.

One of the bond market's hottest trades from last year is losing its luster.

Eastern Union Funding has lowered its fee cap $135,000 on loans for stabilized properties.

A new crop of P-to-P loan platforms is focusing on commercial real estate loans that get ignored by banks.

ExactBid in San Jose, Calif., has acquired Narrative1 in Plymouth, N.H., in a combination of technology firms that focus on the commercial real estate lending industry.

The mortgage real estate investment trust sector is diversifying as margin compression and bank apprehension changes market dynamics, according to reports from Kroll Bond Ratings and Fitch Ratings.

Deutsche Bank, Jefferies and UBS have set final pricing terms on $1.35 billion in commercial mortgage bonds, according to a regulatory filing.

BOK Financial has hired Glenn Brunker to oversee mortgage operations and manage the bank's transition to a new federally required consolidated mortgage disclosure regime.

The delinquency rate on commercial mortgage-backed securities rose from May to June, according to Trepp's monthly report.

Walker & Dunlop, through the Department of Housing and Urban Development's Lean 232 program, closed the first Rental Assistance Demonstration program loan for a health care facility.

After it all but stopped making real estate and development loans following the housing crash, Farmers & Merchants Bank has increased its real estate loans by more than 61% over the last two years. It's a figure that’s likely to keep rising as California's real estate market heats up and the $5.6 billion-asset bank continues to add commercial real estate, construction and mortgage lending specialists to keep pace.