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.
Caliber Making Significant Acquisition
The planned acquisition of a California-based company will add $1.5 billion to Caliber Home Loans Inc.'s annual originations and hundreds of employees to its payroll.
FDIC Wins Appeal in RMBS Case
A lower court's ruling against the Federal Deposit Insurance Corp. has been overturned on appeal, paving the way for the regulator to pursue losses from residential mortgage-backed securities.
Online Lenders Among Mortgage Mergers
Two online residential lenders, including a startup and a newly acquired firm, hope to shake up the home-lending process. Another recent mortgage-related transaction involves a correspondent rural lending business.