Originations

A 19% decline in mortgage banking revenue on a year-over-year basis is the main reason for a 3% decline in total noninterest income at U.S. Bancorp in the second quarter.

Single-family housing starts in June came in at a seasonally adjusted rate of 591,000, about 0.8% below the revised May figure of 596,000.

Overall, revenue for Bank of America increased 3% on yearly basis from $22.2 billion in 2012 to $22.9 billion in 2Q13.

The market share of refinance applications fell to their lowest percentage since April 2011, the Mortgage Bankers Association said.

Mortgage Master also revealed other figures showing its average production per loan officer during the first half was $16 million.

You need to be able to deal with an unexpected temporary shutdown of operations.

Zillow Mortgage Marketplace said the 30-year fixed mortgage rate fell 15 basis points from a week earlier and is currently 4.26%.

There were 12 Mortgage Industry Equity Composite stocks which lost ground during Tuesday trading.

Freddie Mac plans to sell $400 million of a new type of debt tied to the risk that homeowners will fail to repay mortgages.

The unit becoming part of MB Financial is on the table as well.

So far this year, 619,263 homeowners who are at-risk of foreclosure have been assisted through the platform, which represents a 51% increase over the same time period a year ago.

At issue is whether NCUA waited too long to satisfy the three-year federal statute of limitations on civil claims of securities violations for sales that occurred as long as six and seven years before the suits were filed.

The latest monthly numbers released by Hope Now servicer alliance show 74,000 modifications completed under both the Home Affordable Modification Program.

A former residential mortgage broker has turned to the Grapevine for help.

WE’RE HEARING that while UDAAP has primarily shown itself to be a credit card concern so far, mortgage lenders could be next.

Stonegate Mortgage has expanded its business operations in Ohio by opening a new branch that will serve the Cincinnati metropolitan area as well as northern Kentucky.

Higher fees charged by Fannie Mae and Freddie Mac to bring private capital back in the mortgage market might actually backfire by reducing borrower demand for home loans.

Terri Lynn Johnson’s plea was related to a $576,000 mortgage fraud and embezzlement scheme at the title company where she worked.

The median list price of a home for sale increased 0.45% in June from May and by 5.27% over June 2012.

The long-anticipated collapse in mortgage applications, finally a reality, stands to take a bite out of bank earnings in the second quarter and beyond.