Economy

Citigroup's combined gain-on-sale and mortgage servicing revenue increased by 34% in the second quarter over the same period last year.

Incorporating bill and rental payment data into consumer credit scores would be a boon for underserved Americans. New legislation in Congress could help credit reporting agencies realize this goal.

Confidence among homebuilders held in July at the highest level since November 2005, indicating the residential real estate market may be picking up speed.

Mortgage rates for 30-year loans rose to the highest since October after Federal Reserve Chair Janet Yellen reiterated plans to increase borrowing costs this year and the likelihood of a Greek exit from the euro region faded.

M&T Bank reported a higher quarterly profit that reflected increased fees and higher net interest income.

June's home sales are up 12% over the same month in 2014, according to the Re/Max National Housing Report.

The housing market may get a bump from two groups — first-time homebuyers and Hispanic consumers, according to a TD Bank survey.

Federal Housing Administration endorsements continue to rise following the 50-basis point cut in January.

Residential mortgages for new-home purchases increased in June, according to an Ellie Mae report.

Bank of America Corp., the lender most hobbled by the collapse of the housing market, said second-quarter profit more than doubled as the mortgage business rebounded and expenses fell to the lowest since 2008.

purchase lending, loan production, Wells Fargo, home lender

Mortgage applications fell 1.9% for the week ending July 10, compared to a week earlier, according to the Mortgage Bankers Association's weekly survey.

Fannie Mae completed its second credit risk sharing transaction as part of its efforts to diversify counterparty exposure and reduce taxpayer risk.

Jumbo mortgage lending is the prime driver of the increase in JPMorgan Chase's loan portfolio.

RealtyMogul.com, a Los Angeles-based marketplace lending platform, announced a new $35 million round in venture capital funding Tuesday.

More government-sponsored enterprise risk-sharing transactions are on the way to join those already issued this year by Freddie Mac, Fitch Ratings said in a report issued Monday.

Loans backing commercial mortgage-backed securities saw a slight uptick in delinquencies last month, Fitch Ratings reported.

Struggling to win business in the age of QM, Impac Mortgage has relaxed underwriting requirements in hopes of attracting borrowers many other lenders won't touch.

Arbor Commercial Mortgage has been selected by Fannie Mae as a lender for its program for multifamily housing for seniors.

Fannie Mae has introduced a smartphone application designed to help potential homeowners learn how to save for their first purchase.