Originations

Large banks hemorrhaged money on mortgage originations in 2018

06/21/19

Large banks had huge losses from originating mortgages in 2018 as costs were three times higher than similar-sized independent lenders, according to research conducted by Stratmor and the Mortgage Bankers Association.

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Mortgage snafu forces Pa. bank to disclose material weakness

05/16/19

Meridian Corp. may have breached sales agreements after originating nearly $100 million in loans in a state where it lacked a license.

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McLean Mortgage halts M&A talks with Congressional Bank

03/19/19

McLean Mortgage is not going forward with a potential acquisition by Congressional Bank of Bethesda, Md., saying reaching an agreement that made sense for all parties wasn't possible.

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Will single bond set stage for GSE overhaul?; Female-led firms borrowing more

03/08/19

SIFMA approval could bring new competitors and housing finance reform; number of applications rose but amount borrowed still lags other firms.

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In strategic shift, TIAA to close dozens of mortgage offices

02/21/19

The company will shutter the offices it inherited when it bought EverBank in 2017 and focus on lending to existing customers through digital channels. U.S. Bank will assume the leases on about 25 properties.

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HomeStreet acquiesces to activist investor, will sell mortgage unit

02/15/19

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.

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Speedier bank mergers; a new take on the Equifax hack

02/14/19

The time regulators take to decide on prospective deals has dropped sharply; a report says the cyberthieves were looking for info to help recruit spies.

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5 pros and cons of Ellie Mae going private

02/13/19

The private equity acquisition of fintech vendor Ellie Mae will give it some breathing room in a declining originations market being owned a more patient and strategic investor rather than shareholders as a publicly traded company.

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Mortgage fintech Ellie Mae to go private in $3.7B deal with Thoma Bravo

02/12/19

The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all-cash transaction valued at $3.7 billion.

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5 ways mortgages will shape the BB&T and SunTrust merger

02/08/19

SunTrust’s merger with BB&T is the largest bank deal since the financial crisis, and mortgages will play a critical role in the execution of this transaction.

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