Mortgages

Excessive housing cost burden is a big negative in a housing market that is continuing to turn around.

Mortgage banking contributed $5.8 million to Bank of Hawaii’s second-quarter noninterest income line, down from $6.4 million in 1Q13 and $7.5 million in 2Q12.

Settlement of the guaranteed deal, FNA 2013-M11, is expected to occur on July 30.

National Cooperative Bank has made a $30 million loan for Amalgamated Houses, located in The Bronx.

In an effort to improve its member business lending processes, AltaOne Federal Credit took to the streets seeking a new vendor that wouldn't increase existing costs. It found its answer pretty close to home.

Bellwether Community Credit Union has deployed iPad technology in an effort to streamline loan applications.

Iron Horse Auction Company has begun the first of five separate auctions to sell 169 REO assets in 29 counties in the Carolinas.

Loan Value Group has launched marketing and retention products aimed at building originations and retaining customers to counteract the recent uptick in rates.

Home sales probably climbed in June to the highest level since November 2009, showing residential real estate is becoming a mainstay of U.S. economic growth.

Wells Fargo and Citigroup are laying off hundreds of employees at their mortgage units.

The Federal Housing Administration is taking actions it hopes will save the reverse mortgage program.

Like any sport or other pursuit like sales, the professionals always make it look so easy.

The Department of Housing and Urban Development has published a new proposed rule to “affirmatively further fair housing” in the Federal Register.

Wingspan Portfolio Advisors hired Meredith McCrory for the newly created position of vice president of strategic alliances.

Quality Mortgage Services finds the leading compliance problems in the mortgage origination process all happen when taking the initial loan application.

SunTrust Banks reported earnings of $1.31 per share for the first half of 2013, 36% higher than the first half of 2012.

MGIC's stock price hit a 52-week high for the second day in a row.

First Horizon National Corp. missed second-quarter profit estimates as its lending and fee income slid.

While training with the aim of compliance is no doubt hot, there are other compelling reasons to train as well, including the value it can provide in staffing and loan sales.