Consumer lending

Mortgage application volume elevated in the week ending March 20 as interest rates reached lows not seen since the beginning of the year.

Bank of New York Mellon is building out a new investment firm with the mortgage specialist Amherst Holdings. The move is its second major commitment to a fixed income-related fund this year.

The agency's interpretation of a Respa rule could put an end to the long-standing practice of mortgage lenders paying real estate agents and homebuilders to send business their way.

If successful, Provident Bank in Massachusetts and Cincinnati Federal in Ohio would become the first new mutual holding companies since 2011, giving some hope that the structure could make a comeback.

Rather than just focusing on the deals that are in front of you, take time each day to work on business you want in six to 12 months.

Lending groups are demanding the Consumer Financial Protection Bureau take down its mortgage rate calculator, arguing it is providing misleading information to consumers.

A recent Supreme Court decision means that one exemption to the Fair Labor Standards Act does not apply to mortgage salespeople, but their employers might still be able to take advantage of other exemptions.

Origination News and National Mortgage News are pleased to begin accepting submissions for the 2015 Top Producers, an annual ranking of mortgage loan officer and broker origination volume.

The Federal Reserve will not raise rates in June, while mortgage rates could fall this year as the dollar gets stronger and oil prices remain low, mortgage industry consultant Barry Habib said at a mortgage conference.

KeyCorp has been getting back into full-scale residential lending as part of a broader strategy to deepen client relationships. The market's shift toward purchase activity and defined mortgage rules also played a role.

Nonbank mortgage lenders cut 6,000 jobs in January, erasing four months of job growth in the sector, the Bureau of Labor Statistics said Friday.

There are better ways of picking an originator to work with than just looking at a price comparison tool.

Weaker appreciation in the low end of the housing market, combined with higher costs to originate mortgages tied to new regulatory compliance obligations, make smaller loans less attractive for lenders.

Homebuilding company TRI Pointe Group and nonbank national retail mortgage lender imortgage have partnered to create a new origination business.

Mortgage applications were up slightly for the week ending Feb. 27 as refinance activity was up but there were fewer purchases, according to the Mortgage Bankers Association.

Total revenue fell for Stonegate Mortgage Corp. in the fourth quarter as lower interest rates and a flattened yield curve hit interest income.

CIT's John Thain and OneWest's James Otting, scheduled to speak today at a public hearing on their $3.4 billion M&A deal, will face complaints from community activists that they owe the public more after receiving substantial government help during the financial crisis.

MetLife Inc. agreed to pay $123.5 million to resolve a U.S. probe into shoddy loans at a discontinued mortgage unit.

LendingTree markedly increased its net income in the fourth quarter, based on strong results for both its mortgage and non-mortgage products.

The latest version of Accenture Mortgage Cadence's Loan Fulfillment Center incorporates e-signature capability.