Mortgages

The $3.2 billion-asset Park Sterling announced this week that it will hire four commercial and industrial bankers from the $2.3 billion-asset CommunityOne Bancorp to help expand its commercial banking team in the Charlotte metropolitan area.

House Speaker Paul Ryan, R-Wis., unveiled a Republican agenda Tuesday aimed at jump-starting the economy which includes a number of financial reforms including revamping the Consumer Financial Protection Bureau and limiting bank regulations.

Fears about repurchase requests made by Fannie Mae and Freddie Mac persisted beyond the crisis, but those fears don't match actual repurchase numbers.

The clock is ticking to amend Dodd-Frank Act regulations before consumers in rural communities run out of borrowing options, community bankers from Kansas and Oklahoma told a House panel on Thursday.

Bank of America will move its mortgage servicing back onto Black Knight Financial Services' LoanSphere MSP servicing system of record.

It has been seven years, and it’s going to take about $16.1 million, but First Reliance Bancshares in Florence, S.C., says it is about to close a key chapter in its post-crisis recovery and is ready to ramp up growth.

MFA Financial has carved out an impressive niche for itself by buying re-performing and nonperforming residential mortgages and securities.

The engineers on Arjun Sirrah's team are on a first-name basis with customer service staff. Those relationships help Darien Rowayton Bank's student lending arm competes with fintech companies.

Several civil rights and community development groups wrote Tuesday to urge the Federal Housing Finance Agency to recapitalize Fannie Mae and Freddie Mac.

WASHINGTON — The Federal Housing Finance Agency is set to make the sales of nonperforming loans by Fannie Mae and Freddie Mac more transparent, including providing information on trends at the individual pool level, according to a top agency official.

Many appraisers are charging more or simply refusing to do FHA work, which to their minds now comes close to, if not crossing into, the remit of the home inspector.

The Inspector General for the Department of Housing and Urban Development Inspector General is not backing down on his concerns about premium pricing associated with the down payment assistance programs by the Federal Housing Administration.

Homes owned by single men are more valuable and appreciate faster than properties owned by single women, according to an analysis from RealtyTrac.

The bank's new low-down-payment mortgage, an alternative to FHA loans, dispenses with the complex qualification requirements that have hampered recent efforts with low down payments by Fannie and Freddie.

The Federal Housing Administration's loan sales are drawing more attention after a recent critical report said it was resulting in vulnerable borrowers losing their homes.

Recent legislative proposals to make piecemeal changes to the government-sponsored enterprises could set broader GSE reform on the wrong path.

New research findings challenge common assumptions about borrower behavior, illustrating how trended data — something mortgage lenders will soon be required to collect — could be a game-changer.

The Department of Housing and Urban Development is telling lenders that down payment assistance programs still qualify for FHA backing despite concerns raised last year by HUD's inspector general.

Wells Fargo & Co. agreed to pay a $70 million penalty in ending the bank's five-year fight to settle legal claims over foreclosure missteps after the 2008 credit crisis.

FHFA Director Mel Watt also reiterated concerns regarding insurance companies and large bank members, saying that some Home Loan Banks have large exposures to a few individual members.