Technology

Bank of America lost money on mortgage banking in the third quarter but only because of charges tied to its legacy business.

Davis + Henderson Corp. named former board member William Neville as president of D+H USA and head of the company’s U.S.-based Mortgagebot operation.

PNC Financial Services Group said earnings from its mortgage banking business rebounded in the third quarter due to higher single-family originations and much lower provisioning for mortgage repurchase demands.

Mortgages backed by the Veterans Administration are on a tear.

Citigroup reported net servicing and gain-on-sale revenue of $684 million in the third quarter—more than triple what it did a year ago.

No one imagined we would have so much government intervention or that losses and foreclosures would hit such unbelievably high levels.

Thanks to the revised FHA Streamline program, GNMA issuance increased 11% in fiscal year 2012.

Historically, software integrations between companies has only been available to larger lenders due to the high costs of development and implementing integration solutions.

When subprime lending "comes back" it will be totally different—and out of the past.

Small and midsized mortgage bankers are pairing up to be able to offer clients more services.