Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio.

The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.

Angel Oak Commercial Lending has acquired a controlling interest in lender Cherrywood Mortgage in order to strengthen its focus on small-balance commercial lending.

Lenders would have a lighter data-reporting burden, but they may end up deciding to collect the data anyway.

As President Trump signed the regulatory relief bill into law on Thursday, most of the attention was on a provision to help regional banks with more than $50 billion of assets. But a majority of the new law is aimed at helping institutions below $10 billion. Here's how.

Union Bankshares has reached an agreement under which Federal Savings Bank will originate mortgages in its branches.

The bill passed by the House took a more cautious approach to relief than prior legislative proposals but has still been hailed by banking industry groups.

The Nashville company significantly reduced the 2018 earnings projection for its mortgage business.

The company has also hit its goal of having half of total loans tied to customers around Atlanta.

Call it mutual respect. Bankers from mutually owned British building societies and similarly structured U.S. thrifts recently gathered in New England to address common challenges and share ideas about staying relevant at a time of rapid change in financial services. Here are the takeaways from their meetings.

Mick Mulvaney’s recent comments about the CFPB Qualified Mortgage rule have triggered a debate over whether regulators should take into account more than one underwriting model.

Capitol Federal Financial has mostly relied on mortgages throughout its history. Its acquisition of a commercial lender will change that.

Mutual of Omaha Bank's purchase of Synergy One Lending will add reverse mortgages to its product line.

Lorie Shannon, recruited from SunTrust, will oversee a strategy that features large, non-QM mortgages in key markets.

The removal of costly appraisal requirements on tens of thousands of smaller commercial properties could help community banks better compete for loans they say they have been losing to nonbank lenders.

Preferred Bank's experience with an apartment developer is a reminder of how important strict underwriting terms will be as loan demand increases, rates rise and lenders try to outdo each other.

Leader Bank says it can land property managers as commercial clients by helping them handle tenant deposits — and possibly create opportunities to boost CRE lending.

The Federal Savings Bank has been under a spotlight since it was revealed that it provided $16 million in mortgages to onetime Trump campaign manager Paul Manafort.

The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.

The Chicago company said its decision was largely based on intense competition, very low margins and economic changes.