Mortgage Firms Bolster Executive Ranks
The nation's real estate finance sector has been busy building its management ranks. Several of the appointed executives previously worked at units of Bank of America Corp.
Warehouse Lender Expands Into Correspondent
A warehouse lender out of the Lone Star State has disclosed that it has opened up a correspondent lending division.
Huntington's Mortgage Biz Gains Across the Board
Residential mortgage origination volume and servicing grew at Huntington Bancshares Inc., while the company also yielded higher quarter-over-quarter mortgage earnings.
5th 3rd Home Lending Rises Over a Third
Quarterly home loan closing volume increased by more than a third for Fifth Third Bancorp. But its earnings decreased, and the servicing portfolio shrank.
Purchase Mortgage Production Soars at Regions
Quarterly home lending activity at Regions Financial Corp. popped thanks to a nearly one-half surge in purchase financing. In addition, company earnings got better. But mortgage delinquency worsened.
SunTrust Lending & Servicing Shine, Earnings Dim
Quarterly mortgage banking activity burned brighter for SunTrust Banks Inc., with stronger home loan production and a bigger servicing portfolio than the prior period. Mortgage earnings, however, dulled, and production may have hit its upward peak.
Citi's Home Lending Builds Momentum
New home lending activity steamrolled ahead of Citigroup Inc.'s prior-period lending, but the lender's mortgage servicing portfolio was scaled back.
CFPB Deputy Director Departing
A top executive at the Consumer Financial Protection Bureau has disclosed his intention to leave his job at the regulator.
BBT Income Cools, But Mortgage Biz Sizzles
For BB&T Corp., second-quarter mortgage business was good -- with quarter-over-quarter improvement reported in several aspects of the business. But company-wide earnings came up short.
3 Banks Pay Majority of Regulatory Fines
JPMorgan Chase & Co. is one of three banks that have been saddled with a majority of fines assessed by regulators since the financial crisis.