Financial institutions

The Financial Stability Oversight Council is masquerading as an analytical, objective body that more accurately reflects the Dodd-Frank Act's aim to expand the power of bureaucrats.

Per-loan profits for nonbank lenders increased over 13% in 2016 from the previous year, driven by higher loan balances and increased revenue.

Employment in the nondepository mortgage banker and broker sector fell for the second consecutive month in February, a possible sign of growing concern about shrinking demand for mortgages.

In his annual letter to shareholders, M&T Bank chief Robert Wilmers laid out in compelling detail how government policies intended to protect American families have ultimately stymied economic growth.

From loan product mix to compensation plans, here's a look at the top factors that make or break independent mortgage banker acquisition deals.

The Trump administration is seeking to immediately shut down the Treasury Department’s grant programs for community development financial institutions.

Mortgage lenders have already begun to feel the burn of higher interest rates.

Banks are losing wealthier underbanked customers to alternative lenders — an undercurrent that is halting progress in expanding credit access for all.

Nondepository mortgage companies cut 1,500 full-time employees from their payrolls in January, ending 10 consecutive months of job growth.

Ocwen Financial Corp. reduced its net loss in the fourth quarter, a reflection of the company's efforts to reduce expenses.

The Consumer Financial Protection Bureau is set to face its first jury trial in April in what is shaping up to be a critical test of the agency's authority.

Nationstar Mortgage Holdings reported significantly higher net income for the fourth quarter, due to improved revenue in its servicing segment.

High origination volume and increased nonbank participation fueled another banner year for warehouse lenders, according to The Reynolds Group.

New Residential Investment Corp. had net income of $225 million in the fourth quarter, more than double the $103 million reported for the same period in 2015.

The new entity, called Guaranteed Rate Affinity, will primarily originate and market its services to Realogy's real estate brokerage and relocation subsidiaries.

PHH Corp. has struck a deal with LenderLive to sell its private-label mortgage operations in Jacksonville, Fla., to the Denver-based mortgage services provider.

Nonbank mortgage company Cornerstone Home Lending has launched a new mortgage company as a joint venture with homebuilder Oakwood Homes.

Quicken Loans has named a new CEO to replace Bill Emerson, who is transitioning to a role with the Detroit lender's parent company, Rock Holdings.

The Urban Institute's Housing Finance Policy Center has created a new initiative aimed at addressing skyrocketing mortgage servicing costs.

The Trump administration was set to release an executive order Friday calling for a review of the Dodd-Frank Act, but the immediate questions about the order focused on what authority the White House has to enact real change.