Consumer lending

Impac Mortgage Holdings reported an increase in second-quarter profit, citing higher gains on the sale of loans.

A federal judge has overturned a New York City law that would have required banks to make new disclosures regarding their investments in local communities.

Prospective borrowers for single-family homes will be required to make a minimum down payment of 15% of the purchase price, down from 20%. The borrower must have a minimum FICO score of 680, down from 740.

An Astoria Financial investor is demanding that the Lake Success, N.Y., company explore a possible sale or other ways to increase shareholder value.

Guaranteed Rate's Oren Orkin explains how helping real estate agents host their open houses has led to new referral relationships and increased mortgage business.

Guardian Mortgage has named a Bank of America executive to succeed Marcia Phillips as chief executive.

CIT Group has completed its acquisition of OneWest Bank in Pasadena, Calif.

Investors Bancorp reported higher second-quarter profit on expanded multifamily, commercial real estate and business lending, as well as lower expenses.

Wells Fargo is ending some marketing arrangements with real estate firms and home builders over concerns about regulatory scrutiny.

BOK Financial in Tulsa, Okla., reported higher second-quarter earnings as mortgage banking and loan growth offset an increase in expenses.

A survey from Fannie Mae found that lenders use credit overlays in a limited manner, with some variations based on channel.

Atlantic Coast Mortgage's Ashley Smith explains why keeping her referral partners happy is the key to her success as a loan officer.

Astoria Financial in Lake Success, N.Y., reported a 40% increase in second-quarter earnings as stronger fee income from mortgages helped it overcome a considerable shrinkage in loans.

National Penn Bancshares in Allentown, Pa., said its second-quarter profit improved as increased real estate lending offset higher expenses.

The Consumer Financial Protection Bureau's new integrated disclosure regulations could pose problems for warehouse line providers along with their mortgage lender clients.

Huntington Bancshares in Columbus, Ohio, reported higher quarterly in profit that reflected higher in mortgage banking fees and steady loan growth.

Bankers were pleased with the dramatic leap in home lending last quarter, but they cautioned that volume will slow in the second half as rate increases curb refinancings, nonbanks provide stiffer competition, servicing costs remain high and underwriting standards change.

HomeTrust Bancshares has hired Kristin Powell as senior vice president and director of mortgage lending. She now holds the position alongside John Myers, who has been with the Ashville, N.C. bank for more than 30 years.

Synovus Financial in Columbus, Ga., reported higher second-quarter income tied to a lower loan-loss provision.

Angel Oak Home Loans in Atlanta has opened multiple branches across the state of Florida as part of its nationwide expansion.