mortgages

HomeStreet investor wants Seattle company to slow its expansion

11/21/17

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

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

11/13/17

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.

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

11/07/17

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

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FHA losing customers rapidly as premiums spur refinancing

11/07/17

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.

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Former Banc of California chief resurfaces with new financial firm

11/06/17

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.

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

11/03/17

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

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Housing groups pan GOP swipe at mortgage deduction

11/02/17

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.

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

10/31/17

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

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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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