Negotiations are ongoing, but the legal move ends the restraining order trial in federal court scheduled for Aug. 14.

Lender Toolkit provides services to support ICE Mortgage Technology's Encompass platform, along with artificial intelligence software.

The alleged scam targeted elderly Vietnamese-American homeowners in California and fooled banks into distributing illicit funds to the perpetrators.

The mortgage shop's net income was $36.9 million in the second quarter, up from a net loss of $37.2 million in the first three months of the year.

But its mortgage business remains a money loser, and it wasn't a great period for the acquisition target either.

BofA is the first large Wall Street bank to officially reverse its call amid growing optimism about the economic outlook.

While financial markets wobbled after Fitch Ratings reduced the U.S. government's credit rating, analysts said the action should have little long-term impact, similar to a downgrade by Standard & Poor's in 2011. JPMorgan Chase CEO Jamie Dimon argued that Fitch's action "doesn't really matter that much."

Total net income at the company grew to $357 million in the second quarter, more than four times higher from three months earlier.

Economic disruption of the past several years has led to the inventory and affordability challenges the housing market faces today. But while efforts have been introduced to address them, many are looking at what the government might do to help alleviate the current situation.

The mortgage company was able to move a lot closer to its goal to become a $1 trillion servicer with the expiration of the final tender offer and closing of the deal.

The deal is expected to help Stavvy further growth of digital self-service loss-mitigation options for borrowers and their lenders.

With the appointment, interim leader Bill Emerson will take over the role of president and chief operating officer, while Bob Walters announced his retirement.

The owner of Tri-Emerald Financial Group claimed unregistered securities it was offering would increase in value by more than tenfold before an eventual Nasdaq listing.

AG Mortgage Investment Trust's acquisition proposal was deemed as more superior. Terra Property Trust has until the beginning of August to present something stronger.

The top 40% of loan officers typically account 83% of a company's production, according to an analysis.

The Hicksville, New York, company says its deposit base is stable and poised for growth four months after its acquisition of the failed Signature Bank, some of whose depositors fled to larger banks. Private bankers — including new hires from another failed bank, First Republic — are trying to win back lost deposits.

The mortgage industry may be largely in the dark about the process, which could save homeowners potentially thousands of dollars a year.

A successful merger would culminate an over two-year period of major losses and pestered with criticism over the firm's mass layoffs.

Major firms cite costly devastating hurricanes and widespread litigation against the industry as reasons to sunset policies for an unspecified number of property owners.

Post-merger Banc of California will target "in-market relationship banking" by focusing on treasury management services and loan growth to boost "low-cost" commercial deposits, CEO Jared Wolff said.