Banking

ON's 16th annual mortgage rankings show how the country's best loan officers made the most out of a tumultuous year for originators.

Bank of America had mortgage banking income of $694 million, up from $412 million one year prior, as it originated $14 million of first mortgages in the first quarter.

The San Francisco bank has produced enough growth in mortgages, C&I and other areas and made other moves to offset low rates. It is a hopeful example for mortgage-heavy banks and other lenders battling tight margins.

Every person on your staff is responsible for marketing your company and almost all of them do a poor job of it.

CUNA and NAFCU each submitted comment letters to the Consumer Financial Protection Bureau regarding 2013 Regulation X (RESPA) and Regulation Z (TILA) mortgage servicing rules, urging the CFPB to adopt several changes and clarifications.

Continued economic expansion should lift much of the real estate industry nationwide over the next three years, though single-family housing may miss out on these same levels of growth.

The House is slated to vote on a host of regulatory relief bills next week when Congress returns from its spring break.

In less than four months, mortgage providers across the nation must be ready to meet new disclosure requirements.

Loans4Less.com in Redondo Beach, Calif., has agreed to buy consumer lending and peer-to-peer technology platform 321Lend.

Mortgage applications rose for the third consecutive week as purchase volume increased to its highest level since July 2013.

The Topeka FHLB's plan to allow participations in newly issued mortgage pools may benefit members institutions and the bank itself — and could soon be imitated by other Home Loan Banks.

When it comes to millennials, the $64,000 question is when will this generation be ready to start buying their first homes?

The final deadline for all Top Producers Survey responses is coming soon. All entries must be submitted online by 6 p.m. EDT Friday, April 10.
Click Here for the Survey.

Citigroup priced the senior most tranche of its latest commercial mortgage securitization, Citigroup Commercial Mortgage Trust 2015-GC29, just wide of the previous conduit to be sold, by Wells Fargo.

Credit unions as a whole will continue to grow their share of the mortgage market in 2015 and into 2016, say industry experts.

Jernigan Capital has listed 5 million shares of its common stock in an initial public offering.

Navy Federal Credit Union closed over $1 billion worth of mortgages in March, and $2.5 billion year-to-date.

The mortgage and title industries are creating training programs to teach those in the home sales process this is not just a swapping out of two forms for new ones.

John W. Allison is always on the hunt for non-dilutive deals that will boost his Arkansas company's earnings. That has largely led to deals for Florida banks, but Home just agreed to buy nearly $300 million in nationwide commercial real estate credits and recruited a team to open a loan production office in New York.

The nomination deadline for the 2015 Top Producers Survey has been extended until 6 p.m. EDT Friday, April 10.
Click Here for the Survey.