mortgages

TCF Financial to acquire mortgage lender in Minn.

10/30/17

TCF is looking to diversify its streams of revenue as it dials back auto lending amid concerns about weakening credit quality.

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MBA's Stevens, his cancer in remission, to retire as CEO

10/25/17

Days after revealing he was in full remission from cancer, David H. Stevens said he is retiring as president and CEO of the Mortgage Bankers Association.

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CIT Group's profit rises as Alemany continues streamlining

10/24/17

Net income at the Livingston, N.J., company climbed 67% due to a variety of one-time items tied to its ongoing restructuring.

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SunTrust overcomes mortgage slowdown with strong consumer loan growth

10/20/17

SunTrust’s yields have improved as it has increased its credit-card and student lending and made more online personal loans through its LightStream subsidiary.

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Mortgages, tech expense create drag at Umpqua

10/19/17

Net income for the Oregon regional bank was $61.3 million, a slight decline from the same quarter last year. It earned 28 cents per share and fell short of analysts’ expectations,

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BB&T kept pruning its loan portfolio in 3Q

10/19/17

Total loans fell 1.6% at the North Carolina-based regional bank, which has been scaling back in key segments such as residential mortgages and auto. Wider margins offset that reduction, but earnings were flat and revenue growth small.

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U.S. Bancorp's 3% loan growth drove 3Q profit gain

10/18/17

Net interest margin widened 12 basis points, too. Those lending results offset a decline in fee income at the Minneapolis company, which saw earnings rise 4%.

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Strong loan, revenue growth boost First Republic's 3Q profit

10/13/17

Fee income also surged as the San Francisco bank reached the $100 billion mark in wealth management assets.

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Mortgage crisis bites back in Wells' 3Q

10/13/17

Wells Fargo took a surprise $1 billion charge in the quarter for previously disclosed pre-crisis, mortgage-related regulatory investigations. It contributed to a 19% fall in profits.

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First Horizon buys commercial mortgage servicer

10/11/17

The Tennessee bank said it has bought Professional Mortgage in Greenville, S.C., which services about $1.1 billion of commercial mortgage loans for 23 correspondent life company lenders.

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