Mortgage banking units owned by banks and thrifts generated $1.55 trillion in loan sales during 2012, a 36.9 percent jump from the previous year.

Historically, many banks have deducted expenses associated with REO, but all that may soon change thanks to a new IRS ruling.

Fannie Mae and Freddie Mac and spending a ton of money each year on outside contractors, including technology firms, attorneys and accountants.

Citibank continues to finance PennyMac and its affiliates. The bank recently increased a repo line it had with the publicly traded REIT.

Nine Attorneys General, unhappy with the pace of loan modifications, are calling for the immediate dismissal of acting FHFA director Edward DeMarco.

Fannie Mae could be in line to book $60 billion in assets, money that could be counted as net worth and change its immediate financial outlook.

Mortgage Master, a Walpole, MA-based super-regional lender and one of the largest privately held mortgage companies in the United States, is actively expanding into some key markets in the country, while out-racing behemoth competitor Wells Fargo to the top of the ranking of mortgage lenders in its home state. And the keys to success nationally and locally are the same: strong recruitment of top-notch originators and consistent exceptional service. “I think we’re out-running them [Wells Fargo]. They have ...

What does it take for a community bank to be considered for an award for innovation? It would seem a lot in the case of Seattle-based HomeStreet Bank. Perhaps, it may also be due to the fact that HomeStreet Bank has gone from “troubled institution” to “well-capitalized institution” in four years. In fact, in March last year, the Federal Deposit Insurance Corp. and the Washington State Department of Financial Institutions terminated a 2009 cease-and-desist order for the bank and ...

The latest credit scoring model from VantageScore Solutions includes credit scores for up to 30 million consumers who haven’t been scored by other providers, according to the company. In an attempt to ease adoption of the score among lenders, the company also changed its scoring range to conform with the range of scores offered by FICO. Sarah Davies, a senior vice president of analytics and product management at the company, said VantageScore 3.0 can score 15 million more potential borrowers than ...

On Tuesday the Senate Banking Committee will hold a vote on the nomination of Richard Cordray to head the CFPB. Does this mean the GOP is warming up to him or is something else afoot?