FHA ceases approvals of PACE loans, citing taxpayer risk


The ban on financing properties encumbered by heating and cooling assessments will go into effect in 20 days, according to the Federal Housing Administration.


HomeStreet in Seattle responds to investor claim it is growing too fast


HomeStreet's CEO said mortgage expansion and bank acquisitions — concerns highlighted recently by Blue Lion Capital — are helping the company diversify.


HomeStreet investor wants Seattle company to slow its expansion


Blue Lion Capital believes a heavy focus on mortgages and acquisitions is hurting HomeStreet's financial performance.


It took two years to sell this bank. Now the heavy lifting starts


Sterling Bancorp in New York is determined to turn Astoria Financial's largely residential operation into a commercial powerhouse. While investors are skeptical, CEO Jack Kopnisky has proven in the past that such an ambitious plan is doable.


Capital One to exit mortgage originations, cut 1,100 jobs


Capital One Financial will stop originating mortgage and home-equity loans after competition made it difficult for the businesses to be profitable.


FHA losing customers rapidly as premiums spur refinancing


More FHA homeowners than expected are refinancing out of the program and into conventional mortgages, despite an increase in mortgage rates over the past year.


Former Banc of California chief resurfaces with new financial firm


Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives.


Wells Fargo adds $1 billion to possible legal cost as woes mount


Wells Fargo & Co. added $1 billion in the third quarter to what it says the bank may face in possible legal expenses.


Housing groups pan GOP swipe at mortgage deduction


Hopes that tax reform might soften a weakening of the mortgage interest deduction were quickly dashed as the GOP plan landed a double punch on the incentive cherished by the mortgage and housing industries.


Freddie expects hurricane losses, but still reports $4.7B profit


A securities settlement, portfolio asset sales and greater interest among smaller lenders helped Freddie Mac compensate for potential losses from the catastrophic hurricane season.