HomeStreet Mortgage Originations Soar
Quarterly residential lending activity shot up at HomeStreet Inc., and the company expects full-year activity to exceed last year's production level.
Zillow Acquisition Creating Online Real Estate Giant
An agreement has been reached for Zillow Inc. to acquire Trulia Inc. in a stock deal valued at $3.5 billion -- creating an online real estate powerhouse.
SunTrust Hit With $160 Million Penalty
SunTrust Banks Inc., its banking subsidiary and its mortgage unit have agreed to a $160 million penalty in conjunction with a previously issued consent order tied to its servicing practices.
End of the Line for Century Old Bank
This week saw the failure of a bank that was more than a century old. Poor management of the financial institution was blamed for its demise.
Flagstar Production Up as Servicing, Staffing Fall
Home lending strengthened on a quarter-over-quarter basis at Flagstar Bancorp Inc., though the company reduced its mortgage assets, servicing and staffing.
Mortgage Metrics Improve from Q1 at SunTrust
On a quarter-over-quarter basis, residential loan originations, home loan delinquency and mortgage production earnings were all better at SunTrust Banks Inc.
Citi Sues Former Owners of Defunct Mortgage Lender
CitiMortgage Inc. is suing the former owners of a defunct mortgage banker alleging that it was defrauded on several loans it acquired from the lender.
Former IndyMac to Be Acquired
The formerly high-flying mortgage lender that operated as IndyMac Bank FSB is being acquired by a company that previously abandoned the mortgage business.
FHA Exposure Hits BB&T Earnings
Quarter-over-quarter growth was reported in originations and servicing at BB&T Corp. But income took a hit thanks to potential exposure recognized on Federal Housing Administration lending. Residential delinquency, meanwhile, deteriorated.
