Mortgages

A judge who imposed a $45 million penalty on Bank of America Corp. over a foreclosure on a California couple still isn't ready to forget the case he described as a "Kafkaesque nightmare."

Net income for the Oregon regional bank was $61.3 million, a slight decline from the same quarter last year. It earned 28 cents per share and fell short of analysts’ expectations,

In a moment of rare unity, the Independent Community Bankers of America and National Association of Federally-Insured Credit Unions sent a joint letter to FHFA arguing to stop the GSEs' profit sweep.

Total loans fell 1.6% at the North Carolina-based regional bank, which has been scaling back in key segments such as residential mortgages and auto. Wider margins offset that reduction, but earnings were flat and revenue growth small.

A larger-than-forecast decline in new-home construction reflected the weakest pace of building in the South since October 2015, showing the fallout from Hurricanes Harvey and Irma.

The percentage of refinance loans rose in September as interest rates dipped to a 2017 low, according to Ellie Mae.

Mortgage applications increased 3.6% from one week earlier even though rates remained mostly flat during the period, according to the Mortgage Bankers Association.

Jeff Tennyson is out as president of Radian Group's Clayton Holdings real estate services business as the holding company provided further details about its restructuring plan.

First American Mortgage Solutions is offering new data and technology support for appraisers aimed at reducing turn times for valuations and, in turn, closing times for lenders.

Soot and ash are still settling over the Sonoma County, Calif., housing market, but real estate brokers and lenders contend the fiery destruction of a few thousand properties here will make it harder for both buyers and renters to find new homes.

A shortage of entry-level houses is putting a chill on the housing market in the Twin Cities.

MGIC Investment Corp.'s third-quarter net income of $120 million was more than double the $56.6 million for the same period last year as its losses incurred fell by over 50%.

Many of the prime jumbo loans backing the transaction, JP Morgan 2017-4, were contributed by originators with limited history in that product, according to DBRS.

From debating the future compliance landscape to developing a digital mortgage strategy, here's a preview of the top issues, ideas and themes on tap when the industry convenes in Denver for the Mortgage Bankers Association's Annual Convention & Expo.

Government-sponsored enterprises Fannie Mae and Freddie Mac's guarantee fee pricing last year kept the playing field fairly level for different-sized lenders.