Consumer lending

A surge in new and existing home sales is prompting lenders to increase their payrolls.

Ben Franklin famously said the only things certain in life are death and taxes. One Wisconsin loan officer has found one more.

Many lenders are still reluctant to give mortgages to borrowers with less-than-pristine credit, yet such loans are far more likely than prime jumbo loans to be bundled into collateral bonds. Sreeni Prabhu of Angel Oak Capital credits banks' behavior and higher interest rates for that reality.

U.S. acquisitions have buoyed profits at Canada’s biggest banks, whose domestic economy is sluggish and possibly on the verge of a housing crisis. The banks are expected to pursue more M&A in the U.S. if that problem persists.

Mid America Mortgage will begin purchasing electronically closed loans through its correspondent lending channel.

Gateway Mortgage Group has partnered with National Homebuyers Fund to create a grant and down payment assistance program.

"Graceful" may not be the first word that comes to mind when thinking about last year's "Know Before You Owe" disclosure implementation, but one Texas loan officer has a different perspective.

MountainView Servicing Group is the exclusive adviser for the sale of a nonrecourse servicing portfolio of Fannie Mae and Freddie Mac loans.

Daniel Mudd ended a five-year fight with the U.S. government Monday after the former head of Fannie Mae agreed to pay $100,000 to settle allegations that he misled investors about the mortgage backer’s exposure to subprime loans during the run-up to the financial crisis.

Clara, a new online mortgage lender, has launched with $27 million in equity financing.