Consumer lending

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

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.

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.

The chance to earn higher compensation and the ability to offer more mortgage products is causing a growing number of loan officers to go out on their own.

Ahead of the August deadline for lenders to provide new Loan Estimate and Closing Disclosure forms, the Consumer Financial Protection Bureau unveiled a new mortgage shopping toolkit Tuesday.

United Community Banks took hefty hits during the financial crisis due to its focus on real estate lending. Today, the Georgia company is diversifying by building teams dedicated to SBA lending and making other specialty loans.

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.