News Topic: mortgages

Brian Montgomery is examining why the reverse mortgage program has suffered big losses, but he said he opposes any changes that could make it harder for the elderly to stay in their homes. ... Read full article

Level One Bank in Farmington, Mich., has hired a team of mortgage bankers from MB Financial, which previously announced it was shutting down this business line. ... Read full article

Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings. ... Read full article

The leader of an Ohio mutual is urging his peers to follow the lead of credit unions by forming groups to share technology and collaborate on lending and deposit gathering. ... Read full article

The deal is designed to improve capital ratios and reduce risk at the Seattle company. ... Read full article

Instead of shrinking the GSEs, the housing regulator is letting them expand into a host of new products and programs. ... Read full article

Some continue to doubt there will be a premium cut, while others say there's no telling which way Brian Montgomery will go. ... Read full article

Ruoff Financial will make its first push into banking with the purchase of SBB Bancshares. ... Read full article

The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity. ... Read full article

Competition for deposits is heating up as summer approaches, and banks are responding in all sorts of ways — from launching digital-only platforms to raising CD rates to reviving debit rewards. But rising interest rates could weaken demand for loans, ... Read full article

Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his ... Read full article

Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association. ... Read full article

The Atlanta bank had previously failed compliance metrics in five straight quarters before passing them last year, according to the settlement's monitor. ... Read full article

The low-cost deposits that come with the deal should fund the Michigan company's effort to become a commercial lender. ... Read full article

The Rhode Island regional agreed to buy Franklin American Mortgage in a deal that will give it one of the nation's 15 largest bank-owned mortgage platforms. ... Read full article

The S&P 500’s financials sector drops more than 3%; former Amex chief’s venture capital firm is backing a credit scoring company. ... Read full article

While unprecedented debt levels pose risks, lenders say there won’t be any major upset to the economy for a number of reasons, including the view Bank of Canada won’t press ahead with higher rates if signs of stress emerge. ... Read full article

Lenders would have a lighter data-reporting burden, but they may end up deciding to collect the data anyway. ... Read full article