Huntington's Mortgage Earnings, Originations Climb
Mortgage earnings and originations at Huntington Bancshares Inc. improved as mortgage assets and servicing were boosted by an acquisition.
Mortgage Earnings, Originations Up at BBT
An increase in home-lending activity at BB&T Corp. was complimented by a surge in mortgage earnings. But one trouble spot for the financial institution lies in mortgage performance.
2 Mortgage Acquisitions as 2 Firms Raise Capital
A financial institution and an established mortgage banker have reached agreements to acquire a pair of residential lending firms, while two other companies are getting new capital.
Mortgage Business Expands at Lake Michigan CU
Home-lending activity was up by a fifth at Lake Michigan Credit Union's, as the size of its servicing portfolio rose, and its mortgage payroll grew larger.
Some Charges Dropped Against Frmr Thornburg Execs
Some of the charges in a government securities lawsuit against former top executives of bankrupt Thornburg Mortgage Inc. have been dropped.
114-Year-Old Bank Fails
An Arkansas bank has failed. Meanwhile, the failure of a much larger bank seven years ago proved to be very profitable for the acquirer.
Nationstar Unit Closing
A company created three years ago as a joint venture between Nationstar Mortgage LLC and a home builder is in the process of winding down.
PNC Agrees to Settle 2nd Mortgage Class Action
The PNC Financial Services Group Inc. has agreed to settle a class-action lawsuit alleging excessive fees and illegal kickbacks on second mortgages.
Appraisal Integrations and Acquisitions
Appraisal service providers have been enhancing their offerings through integrations, though at least two have turned to acquisitions to improve options for their lender clients.
Massive Taylor Bean Lawsuit Settled
A $5.5 billion lawsuit filed by the trustee for bankrupt Taylor Bean and Whitaker Mortgage Corp. against an auditor has been settled.