Originations

Flagstar has record quarter driven by 'super-charged' mortgage market

07/28/20

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.

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Wirecard gives up the ghost; Blackstone changes hiring strategy

06/25/20

The embattled German payments company filed for insolvency, while its former COO is either on the run or looking for the missing $2 billion; the giant asset manager is looking to hire more college graduates rather than poach junior bankers.

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Lenders in the construction market hold their breath as economy reopens

06/16/20

The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists.

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Why lenders are wary of FHA's terms for buying loans with forbearance

06/10/20

The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said.

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Mortgage underwriting tightens as rates fall; HSBC mulls sale of U.S. unit

05/26/20

Despite record low mortgage rates, borrowers are having trouble getting loans from wary lenders; the underperforming American unit may be ditched in U.K. bank restructuring.

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SBA comes in for more criticism; nonbanks' mortgage share raises concerns

05/11/20

The agency’s IG says the PPP failed to prioritize borrowers in underserved and rural markets; the firms, which lack deposits to cushion them, are vulnerable to borrowers defaulting on their loans.

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Mortgage lenders tighten screws on credit in echo of 2008

05/08/20

Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years.

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Banks prepare for PPP 2.0 onslaught; mortgage lenders struggle with demand

04/27/20

Lenders and small businesses are hoping this round goes more smoothly than the chaotic first one (and if it doesn't, Joe Biden warns, many mom-and-pop shops are done for); originators are adding staff, cutting marketing to handle massive uptick in refinance applications.

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Banking on Alexa, fintech enemy no. 1, coronavirus: Top stories of the week

03/06/20

A handful of banks keep trying to make the customer-Alexa connection happen; banks are more worried about payments firms than other types of fintechs; how financial institutions are coping with COVID-19; and more from this week’s most-read stories.

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JPMorgan sees a mortgage revival after years of quiet losses

02/24/20

With interest rates and unemployment at rock-bottom lows and home values rising, the part of JPMorgan's retail business that sells home loans to consumers made money last month, marking the first profitable January in five years, according to people familiar with the matter.

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