Mortgages

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.

In a candid, in-depth exit interview, Ted Tozer discusses Ginnie Mae's growth during his seven years at the agency's helm, the need for comprehensive housing finance reform, big banks' retreat from mortgages, counterparty risk management and more.

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.

And the next HUD chief might eventually rescind it altogether.

The Obama administration took two last-minute swipes at JPMorgan Chase, accusing the lender in separate lawsuits of discriminating against minorities in home lending and against its own female employees by paying them less than their male counterparts.

The Columbus, Ga., bank reported higher fourth-quarter profit on growth in business loans and mortgage banking.

The startup, known for refinancing millennials' student loans, is now writing more than $100 million of home mortgages a month, and expects this to be its fastest-growing product. Here's why.

JPMorgan Chase, Bank of America and PNC reported lackluster revenue growth as higher trading fees and increases in commercial lending barely compensated for consumer-side challenges.

As president of the secondary marketing agency, Tozer has helped the mortgage market to continue functioning and keep up with changes following the financial crisis.