Mortgages

A pair of Long Island, N.Y., residents admitted to defrauding a Rochester, N.Y.-based mortgage company of $1.2 million in a straw borrower scam.

The phrase "it is what it is" came up several times as CEO Joseph Ficalora addressed analysts' questions about nixing plans to buy Astoria and the challenges of getting another deal done.

The Dow Jones Industrial Average crossed the 20,000 threshold for the first time Wednesday, but the post-election stock market rally has produced a mixed bag for mortgage demand and the industry's publicly traded companies.

Despite claims that digitizing the mortgage process will require less human capital, consumer desires for people on the other end of the phone or computer will keep mortgage loan officers in demand for the foreseeable future.

A tactic that helped define the height of homebuying madness in the U.S. in the years before the market collapsed is rearing its head again.

Mortgage application volume increased 4% from one week earlier even as interest rates rose during the period, according to the Mortgage Bankers Association.

BankUnited said that its fourth-quarter earnings increased 12% from the same period in 2015, to $63.3 million, as strong gains in interest income more than offset rising expenses and a sharply lower gain on sales of loans.

BOK Financial was victimized by the effect of rising interest rates in the fourth-quarter profit, as losses on the company's hedge positions resulted in a profit decline.

A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is laying bare the weak links in the U.S. real estate market.

Increases in commercial real estate, C&I and municipal and state loans boosted fourth-quarter profit at the $13 billion-asset Trustmark.

The company wants a big deal to help push it over $50 billion of assets, at which point it will be considered systematically important.

Big increases in construction and commercial real estate lending boosted revenue at the Kansas City, Mo., company.

Federal banking agencies have levied a $65 million fine against Fidelity National Financial subsidiary ServiceLink Holdings over deficiencies in the foreclosure-related services provided by its predecessor company.

CoreLogic has released a new mobile application that provides access to property data and analytics.

A bond-market startup is a step closer to reviving crisis-era derivatives that let investors bet on U.S. homeowner defaults.

Despite a jump in mortgage origination activity, Flagstar Bancorp reported lower fourth-quarter profits thanks to an uptick in expenses.

Consumer Financial Protection Bureau Director Richard Cordray sent his strongest signal to date on Tuesday that he has no intention of resigning ahead of his term expiring next year even if asked to by President Donald J. Trump.

The Mortgage Industry Standards Maintenance Organization has extended the comment period on its proposed standard regarding the maintenance and sharing of commercial and multifamily rent-roll information.

Appraisal management companies must self-regulate their prices unless they want the government to do it for them.

The Senate Banking Committee voted unanimously on Tuesday to approve the nomination of Ben Carson as the next Housing and Urban Development secretary.