Mortgages

The Federal Home Loan Bank of Chicago's mortgage originations rose sharply in 2016 thanks to a reintroduction of its traditional Mortgage Partnership Finance loan product.

Freddie Mac is ramping up its use of credit risk transfers, completing $215 billion in single-family transfers last year, up to $600 billion since 2013.

JPMorgan Chase has partnered with the fintech firm Roostify to build a digital self-service mortgage platform.

The deal with American Homestead Mortgage will allow Wintrust Mortgage to move into northern Montana.

While lenders support the intent of a proposal to encourage the growth of private flood insurance, they claim a regulatory proposal doesn’t give lenders enough flexibility and remains too complicated.

Changes in the housing market are creating new opportunities and challenges for credit unions, including how they market themselves to potential borrowers.

The rise in home values is good news for homeowners looking to tap the equity in their homes to pay down debt or make big purchases, but some consumer groups fear it could lead to a new wave of loan defaults.

Cooper built TCF into a Midwestern powerhouse by targeting what he called the “Joe Lunch-Bucket crowd.”

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.