Expect more banks to exit national mortgage lending


Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.


HomeStreet acquiesces to activist investor, will sell mortgage unit


HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.


Activist investor ratchets up rhetoric by pressing HomeStreet to sell


Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio.


Jail time for two former bankers in fraud case


Dan Heine and Diana Yates were accused of hiding Bank of Oswego's condition by inaccurately reporting bad loans.


Cash-out refis back in demand, raising credit concerns


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.


Higher rates, SEC settlement take big bite out of HomeStreet’s profit


The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.