Mortgages

The worst of the credit crisis has passed, but many banks are still living on borrowed time. So contends Kamal Mustafa, the chairman and chief executive of Invictus Consulting Group, which specializes in stress-testing banks.

Regions Financial's second-quarter earnings spiked as the Birmingham, Ala., company managed to reduce expenses and problem loans.

New York Community Bancorp Inc. earned $58 million from its mortgage banking division in the second quarter, a handsome 66% gain from the prior quarter, and an almost fourfold increase from the same period a year ago.

Up until a year ago, I had never considered using video as a way to communicate with the thousands of loan officers and real estate agents I connect with on a monthly basis.

Wells Fargo was the nation’s largest wholesaler in the first quarter with a market share of almost 15%, but wholesale accounts for just 5% of its overall business.

Although there still are risks to be accounted for, Wayne Tew believes this is a good time to be in the mortgage business.

A bipartisan bill that would permit regulators to grant federal charters to nonbank consumer lenders is being met with fierce resistance.

CO-OP Member Center is partnering with LenderLive Network to provide credit unions with mortgage outsourcing services.

The acquisition consists of 51 performing, subperforming and nonperforming notes secured by various commercial real estate and various assets located in Dade, Broward and Palm Beach Counties in Florida.

Conix Inc. completed a record second quarter by acquiring $112 million worth of distressed real estate.

The California attorney general said three business owners who ran a national loan modification scam for over a year have to pay a least $4 million in restitution.

Hudson City Bancorp plans to sell more of its production into the secondary market going forward.

Now that Wells Fargo has tossed its wholesale division into the deep dark sea, the question becomes: who’s next among the megabanks to leave?

The Census Bureau reported that sales of newly built single-family homes fell to a 350,000 seasonally adjusted annual rate in June from a 382,000 rate May.

The Consumer Financial Protection Bureau is setting up special advisory boards to get input from small banks and credit unions on regulatory policies.

Company leaders think the REO-to-rental strategy is the future wave of the industry since most Americans, particularly young adults, do not view homeownership as a stable investment.

Residential loan applications increased 1% for the week ending July 20 (from the week prior) but with refinancings accounting for 81% of all new business.

The field service company’s contractors can make face-to-face contact with a borrower to help determine if he or she is actively serving in the military.

Moody’s calculates loan-to-value ratios for commercial mortgage-backed security debt transactions from more of a credit perspective.

Special servicers work with information from multiple sources and they have to ensure quick and accurate dissemination of that data within its organization, which creates numerous data management challenges.