Corporate finance

Ellie Mae saw a 20% year-over-year increase in second-quarter revenue with more loans closed using Encompass, but net income fell nearly 50% on an accounting change and acquisition costs.

Ocwen Financial took nearly a $30 million net loss in the second quarter due to expenses ahead of its PHH Corp. acquisition that outpaced its mortgage servicing profits.

Radian Group's second-quarter earnings beat consensus estimates because of lower loan loss provisions than forecast, along with record new mortgage insurance written.

Homebuilders are sinking — and blame that on disappointing economic data and earnings reports that trailed estimates.

The Internal Revenue Service's settlement with Radian Group may result in a $74 million tax benefit for the mortgage insurer that could improve its second-quarter results.

Mortgage banking revenue stemming from a year-to-year increase in rates weighed down noninterest income at U.S. Bancorp, but increased interest income from higher rates helped improve earnings overall.

Continued favorable loss development trends allowed MGIC Investment Corp. to beat analyst estimates for the second-quarter earnings report.

A new round of expense reductions is getting underway at Nationstar Mortgage as the company moves toward its acquisition by WMIH Corp., a shell company holding Washington Mutual legacy businesses.

Bank of America's residential mortgage origination volume fell short of last year's in its second-quarter earnings despite gains from digital sales and seasonal home buying, and broader consumer lending strength.

This year's sluggish spring home buying season led to generally softer mortgage-related second quarter results at Wells Fargo, JPMorgan Chase, Citigroup and PNC Financial Services Group, but First Republic Bank bucked the trend.

Strong demand for business and multifamily loans, combined with double-digit growth in wealth management revenues, more than offset rising expenses.

Mortgage fees at the nation’s biggest home lender declined by a third in the three months ended June 30 to the lowest in more than five years.

Ditech Holding Corp. is considering selling itself, just over four months after the lender emerged from bankruptcy protection.

Most mortgage lenders and banks do not maintain a comprehensive vendor management strategy, exposing institutions to increased compliance risk, according to a recent survey.

Here's a look at the 12 housing markets where mortgage lenders have to compete the most for borrowers' business.

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

Declining mortgage origination volume and record-high costs drove production income for independent mortgage bankers into negative territory, according to the Mortgage Bankers Association.

Ditech Holding Corp. returned to profitability in the first quarter, benefiting from accounting adjustments related to its emergence from bankruptcy protection in February.

Ditech Holding Corp. has received a second notice from the New York Stock Exchange warning its common stock could be delisted for not being in compliance with the exchange's requirements.

The Canadian banks' second-quarter profits were also boosted by double-digit income growth at their U.S. operations.