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The cuts are part of a broader effort to trim expenses by roughly $3 billion a year by 2020.
September 20 -
Banks could shed as much as 20 million square feet of office space over the next five years as they shift many functions to high-tech operations centers in markets with cheaper rents.
July 6 -
The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.
June 14 -
The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.
April 24 -
The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.
February 27 -
The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.
December 15 -
The Tennessee company also set high expectations for revenue opportunities while projecting it will deliver a 15% return on equity in 2019.
December 5 -
Higher costs dampened mortgage lenders' profitability, outweighing near-term gains in origination volume and per-loan revenue during the third quarter, according to the Mortgage Bankers Association's quarterly.
December 1 -
Sometimes reaching underserved borrowers takes experimenting with changes to the mortgage finance system. That's why Fannie Mae and Freddie Mac are working with lenders to test innovative loan products that meet borrowers' evolving needs.
November 24 -
Blue Lion Capital believes a heavy focus on mortgages and acquisitions is hurting HomeStreet's financial performance.
November 21