Underwriting

Bank of America's mortgage banking income was down 26% from a year ago due to a decrease in core loan production revenue and higher intercompany charges during the fourth quarter.

Interstate Hotels & Resorts in Arlington, Va., has formed a partnership with Hospitality Funding to provide financing for hotel development projects.

Life insurance companies posted a higher return on their private commercial mortgage investments in the third quarter of 2015, compared to the second quarter, according to LifeComps.

The reverse mortgage industry is optimistic after recent reforms to the Home Equity Conversion Mortgage by the FHA and newfound respect from financial planners.

JPMorgan Chase reported a 21% drop in year-over-year earnings for its mortgage business as revenue dropped 10%.

William P. Foley II, who had been the executive chairman of the nation's largest title insurance underwriter, Fidelity National Financial, has stepped down from the role as of Jan. 8.

Some lenders have asked whether the bureau would adjust its so-called resubmission guidelines — which determine whether lenders have to refile data based on errors found in samples — and it has responded with a request for further industry input.

Freddie Mac has formed a partnership with the Lenders One Mortgage co-operative to give its members benefits on pricing and in other areas.

CoreLogic has purchased the remaining 49.9% ownership in RELS LLC, becoming the real estate asset valuation and appraisal services provider's sole owner.

As the purchase market heats up, banks are looking to utilize digital tools meant to make the daunting homebuying experience easier.

The more aggressive nonbank lenders are attracting top producers by essentially allowing loan officers to set their own rate of pay. While so-called "pick-a-pay" compensation plans are not illegal, critics say they can encourage loan officers to steer consumers into more expensive loans in order to increase their own pay.

As the mortgage industry begins the New Year, National Mortgage News takes a look at the biggest trends and topics that will shape 2016.

After defeating an expert in Japanese chess, this computer program's next task is to figure out if you can make the payments on a new mortgage.

Mortgage lenders on both the residential and commercial sides of the business will have to deal with a different lending environment in 2016. These include enforcement of TILA-RESPA Integrated Disclosure violations plus rising interest rates and the impact on origination volumes. Here are 10 observations that originators need to mull over while crafting their business plans for the coming year.

Home values rose in 2015 — though at a declining pace — with overall rent payments also trending upwards, according to Zillow.

Radian Guaranty Inc. is in compliance with the government-sponsored enterprises capital standards after receiving $325 million in cash and securities from parent company Radian Group Inc.

For commercial real estate investors, the good times may be over.

Mortgage application defects reached a record low in November, according to First American Financial Corp.

Mid America Mortgage Inc. has created a scratch-and-dent purchase program to buy loans with TILA-RESPA integrated disclosure rule defects.

The rising number of Chinese buying U.S. homes could be a boon for investors with a stake in residential mortgages.