Originations

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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Wells Fargo loan officers granted class action in Calif. pay dispute

02/08/19

A lawsuit alleging Wells Fargo improperly compensated its California-based mortgage loan officers could have broader ramifications now that it has been granted class certification.

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HGTV shows like 'Fixer Upper' spur demand for home renovation loans

02/04/19

Popular TV shows about house fixers and flippers have sparked consumer interest in remodeling, creating an opportunity for lenders to build a specialty in renovation loans while traditional mortgage lending is weak.

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