Mortgages

Citigroup's decision to exit mortgage servicing by the end of 2018 is part of a long-term strategy to increase returns and sharpen the bank's focus on its core retail customers.

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

With home values — and interest rates — rising, homeowners finally seem ready to tap into their homes' equity to fund long-delayed home-improvement projects.

Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.

Citi is close to deals to sell its customer and non-customer servicing portfolios; Wells tries to limit investor resolutions in its annual meeting proxy materials.

If underwriting standards at other lenders begin to fall, how will CUs respond?

The Dow Jones Industrial Average crossed the 20,000 threshold for the first time Wednesday, but the postelection stock market rally has produced a mixed bag for mortgage demand and the industry's publicly traded companies.

The spike in fees compensated for lower interest income.

On Sept. 30, 2016. Dollars in thousands.

On Sept. 30, 2016. Dollars in thousands.

The $33 billion-asset company’s net income fell 16% to $50 million year over year.

Mortgage lending was "challenging" in the fourth quarter, but the Troy, Mich., company showed strong growth in commercial loans

The Honolulu company plans to sell off more shares still owned by BNP Paribas and BancWest.

Net income was also aided by a sharp drop in the provision for credit losses as chargeoffs on energy loans continued to decline.

Rising interest rates typically cause lenders to relax underwriting guidelines. The incoming administration promises to deregulate. Sounds like a combustible mix, but there's ample room to loosen credit without returning to the practices that caused the crisis.

The Department of Housing and Urban Development announced Friday that the reduction in mortgage insurance premiums “has been suspended indefinitely.”

The Connecticut bank said a spike in business lending and residential mortgages gave its fourth-quarter earnings a boost.

Fourth-quarter profits at Wintrust Financial in Rosemont, Ill., climbed 54% to $54.6 million from a year earlier, helped largely by acquisitions and increases in mortgage banking and other fee income.

CUs tap new branch managers, Keesler names new CFO and other credit union professionals in the news.

Royal Bank of Scotland is considering taking a multi-billion dollar charge in the fourth quarter for a U.S. mortgage securities probe that would give an indication of the size of the full settlement.