Mortgages

Real estate loans have been growing over the last few years despite a number of headwinds, but can CUs build on that trend as interest rates rise?

The deal includes about 250 correspondent relationships accounting for more than $7 billion of annual agency and governmental residential mortgage loan production.

An explicit government guarantee of Fannie Mae and Freddie Mac is imperative to reform the secondary market, but it needs to be carefully circumscribed.

Citigroup's plan to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of nondepository servicers and raises questions about how much capacity exists for these institutions to absorb more large deals.

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.”