Conduit-Securitization Business Closing
An investment banking firm out of New York has decided to pull the plug on its mortgage loan conduit and securitization business.
Mortgage Business Grows at HomeStreet
In addition to a healthy improvement in home lending activity at HomeStreet Inc., mortgage servicing, staffing and earnings all expanded.
EverBank Negotiating Sale of Company
EverBank Financial Corp., which has its roots in the mortgage industry, has disclosed that it is negotiating to be acquired by a financial services company.
BB&T Mortgage Originations Skyrocket, Servicing Up
Quarterly mortgage originations surged at BB&T Corp. In addition, the residential servicing and investment portfolios grew, quarterly earnings improved, and staff ranks swelled.
Bank Merger Could Boost Buffalo Mortgage Hirings
The acquisition of a bank based in Buffalo, New York, could bring new mortgage jobs to the city, though some management positions are being cut.
MERS to be Sold
A deal reached for the parent of the New York Stock Exchange to invest in MERSCORP Holdings Inc. is expected to benefit the home lending market.
Optimal Blue Acquired
A private-equity firm has struck a deal to acquire Optimal Blue Holdings and plans to pour hundreds of millions of dollars into the new business.
Bank Settles Discrimination Charges on AUS Denials
First-Citizens Bank & Trust Company has settled charges that manually underwritten white borrowers were denied less for mortgages than their non-white counterparts.
Guild Acquisition Will Make it TX Mortgage Giant
An upcoming acquisition planned by Guild Mortgage Co. is expected to make it one of largest independent home lenders in Texas.
Investment Bankers Settle RMBS Claims
Several investment banking firms have agreed to settle lawsuits for their alleged roles in the failure of five federally insured financial institutions.