Financial institutions

Employment in the mortgage sector increased for the second consecutive month in April as the spring home purchase season began.

Maine's residential mortgage lending industry bears little resemblance to its prerecession version as changing conditions have shuffled the deck of top lenders and created new choices for borrowers.

Employment in the mortgage sector rose for the first time in three months in March, driven by an increase in loan broker hires.

Despite an effort by the Trump administration to defund government aid for community development financial institutions, the Senate approved a budget deal that included $258 million in funding for the CDFI fund.

The onslaught of regulatory actions against Ocwen may open the door for Nationstar to pick up a massive subservicing portfolio from the beleaguered servicer.

Congressional action to reform housing finance is ultimately needed, but we must confront the risk of continued drift and inaction if Congress is unable to act.

The Wisconsin regional's profits rose 35% in the first quarter on healthy loan growth, wider margins and an improved efficiency ratio, and it said its "satisfactory" CRA rating had been restored.

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.