Mortgages

Federal judges have dismissed two lawsuits that accused Wells Fargo of reverse-redlining in Los Angeles and Cook County, Ill., Reuters reported.

WASHINGTON — The efforts of Fannie Mae and Freddie Mac shareholders to claw back the value of their investments by suing the U.S. Treasury have not elicited much support on Capitol Hill.

Citigroup's second-quarter profit got a modest boost from Citi Holdings, a unit set up six years ago as a dumping ground for toxic assets. After losing billions for years, Citi Holdings has now become a minor profit source for its parent.

BB&T in Winston-Salem, N.C., met Wall Street's earnings expectations after reporting revenue rose slightly. The company's second-quarter net income available to shareholders rose 7% from a year earlier, to $454 million. Revenue increased 1.3%, to $2.3 billion.

The onetime track star was a fixture at the Mortgage Bankers Association for nearly 20 years and a familiar face at industry conferences.

WASHINGTON — The House passed a bill Tuesday that could ease the regulatory burden on community and regional banks with mortgage servicing businesses.

Banks better get ready for a quick, steep increase in deposit costs after the Fed raises rates. Technology, new regulations and other factors have changed the slower-paced retail-banking game of old, JPMorgan Chase executives say.

Wells Fargo said second-quarter net income was little changed as rising rates have eroded Wells Fargo's dominance in the mortgage market.

Struggling to win business in the age of QM, Impac Mortgage has relaxed underwriting requirements in hopes of attracting borrowers many other lenders won't touch.

Some housing professionals have grown reluctant to participate in the Federal Home Loan Banks' Affordable Housing Program, objecting to burdensome requirements and rules that are inconsistent with other funding sources. It's time for the Federal Housing Finance Agency to make some updates.

Commercial real estate lending and mortgages are banks' main source of hope to beat lukewarm expectations for the earnings season that begins Tuesday.

Lenders and real estate agents may have to extend the usual 30-day timelines for rate locks and sales contracts while they get acclimated to the new Consumer Financial Protection Bureau mortgage disclosures that take effect in October.

JPMorgan Chase has continued to take steps towards satisfying its portion of the residential mortgage-backed securities settlement, according to the independent monitor put in place to track the bank's progress.

The delinquency rate on loans backed by the value of consumers' homes hit a postcrisis low in the first quarter, according to the American Bankers Association.

Mortgage originators willing to help consumers overcome traditional financing hurdles can add more emerging segments of home buyers as clients.

The Federal Housing Administration wants to set a hard deadline for servicers to file claims on soured mortgages. Industry executives say it should be manageable — unless foreclosures surge again.

The Supreme Court's recent ruling that the disparate impact theory of liability can be applied to the Fair Housing Act means mortgage lenders must be even more vigilant in their ongoing testing and evaluation of business practices that could be interpreted as even unintentional discrimination.

BOK Financial has hired Glenn Brunker to oversee mortgage operations and manage the bank's transition to a new federally-required consolidated mortgage disclosure regime.

Allowing real estate investment trusts to bridge the capital need for affordable housing could help de-escalate a rising public funding crisis.

Leadership Conference on Civil and Human Rights wants to recapitalize Fannie Mae and Freddie Mac to provide a secure source of funding for affordable housing.