Jumbo mortgages

TD has been adjusting its balance sheet to comply with a cap on its U.S. retail banking assets, imposed last year as part of its money-laundering plea.

Because the bank occupied a niche in serving ultra high-end consumers, experts question whether its receivership will make other depositories more reluctant to offer jumbo loans.

Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity.

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.

However, those who aren't current bank customers need to have $1 million in a qualifying account.

Banks will tell the Fed they would remain strong after payouts; customers would need $250,000 in liquid assets on deposit at the bank to qualify to refinance.

Large banks had huge losses from originating mortgages in 2018 as costs were three times higher than similar-sized independent lenders, according to research conducted by Stratmor and the Mortgage Bankers Association.

The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes.

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future.

Wells Fargo CEO tackles cost-cutting, job cuts and rumors he’ll be replaced; banks put up millions to keep uber-rich as depositors.