Mortgages

More community banks are looking to outsource their mortgage operations to reduce the regulatory burden, but structuring such deals – and determining proper compensation – can be tricky. Here's how two Chicago-area lenders solved the problem.

Whether it's a formal merger/acquisition deal or a loan production office changing affiliations, successfully bringing together the cultures of two organizations is crucial to creating a harmonious union.

Pessimism prevails at this year’s New England Mortgage Bankers Conference.

Hudson City Bancorp in Paramus, N.J., has sold $112.1 million in delinquent, FHA-backed mortgages.

Cross-training can expose a lender's staff to the entire workflow of an organization while keeping employees on their toes and providing opportunities to take on new challenges.

The regulator of Fannie Mae and Freddie Mac should require banks and mortgage lenders to obtain independent, third-party tests to ensure compliance with its guidelines, according to a government watchdog report.

Acquisition-hungry banks and mortgage companies need to apply the same level of scrutiny to cultural fit as they do to a firm's financial statements and balance sheets.

An improving economy and better execution of loan modifications have meant fewer redefaults on restructured mortgages, the Office of the Comptroller of the Currency said Thursday.

How banks are using online and classroom courses to teach young commercial lenders to stay on top of regulatory and market changes.

The Federal Home Loan banks of Seattle and Des Moines announced Thursday that their boards have unanimously approved a definitive agreement to merge.

Black Knight Financial Services has added new features to its loan origination system designed to further automate mortgage lending and compliance.

The number of homes nationwide with negative equity dropped significantly in the second quarter, according to the financial information firm CoreLogic.

In August the nation's mortgage loan delinquency rate increased nearly 5% over the previous month to its highest level since February, according to Black Knight Financial Services.

Mortgage rates dropped from a four-month high, reducing borrowing costs as demand for housing improves.

The Community Development Financial Institutions Fund awards millions in affordable housing initiatives every year, but goes largely unnoticed compared to other federal housing programs.

Community Home Mortgage, the lending joint venture between Nationstar and KB Home, has struggled with loan processing and approval issues since its July launch.

The coming surge of servicemembers winding down their time in the military is expected to keep Veterans Affairs-backed mortgage lending an attractive opportunity for soldiers reestablishing their civilian lives.

Citizens Financial Group, which held an initial public offering Wednesday, will hire 350 mortgage officers and soon announce a new treasury services head, the bank's chief executive told American Banker.

Mortgages that do need meet new ability-to-repay rules are likely to be securitized only sporadically, according to participants at the ABS East conference.

The law requires those who deal with financial information to have safeguards in place to protect consumer data.