Flagstar has record quarter driven by 'super-charged' mortgage market
The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million. ... Read full article
News Topic: Correspondent
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FB Financial wraps up mortgage refresh with correspondent channel sale
FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business. ... Read full article
Chase Bank hit with downgrade over jumbo mortgage underwriting, fintech gaps
Moody's Investors Service downgraded JPMorgan Chase's prime jumbo mortgage originator assessment to its second-highest rating, citing the bank's growing reliance on correspondents with delegated underwriting authority and shortcomings in its ... Read full article
Four commercial loans flagged as problems at Texas Capital
The Dallas bank reported sizable growth in business and mortgage lending in the second quarter, but it more than doubled its provision for loan losses to cover four credits that went into nonaccrual status. ... Read full article