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Byline: Jacob Passy Fifth Third Bancorp has hired insurance industry veteran Howard McClure as head of insurance services, a newly created position at the Cincinnati company. McClure will report to [...]

Byline: Jacob Passy JPMorgan Chase has partnered with the fintech firm Roostify to build a digital self-service mortgage platform that will allow consumers to upload and electronically sign mortgage documents. [...]

Byline: Jacob Passy Home remodelers, meet the crowdfunding crowd. Zeus Mortgage in Houston has rolled out an online real estate financing platform that seeks to match accredited investors with property [...]

Byline: Jacob Passy Ted Tozer will leave Ginnie Mae on Jan. 20 after nearly seven years as president of the secondary marketing agency. A spokeswoman for the Department of Housing [...]

Byline: Jacob Passy The Department of Housing and Urban Development has charged Bank of America with discriminating against prospective Hispanic mortgage borrowers at a branch in Charleston, S.C. The charges [...]

Byline: Jacob Passy Next year is shaping up to be a pivotal one for the future of the Common Securitization Platform and the issuance of the single security by Fannie [...]

Byline: Jacob Passy This fall, a Massachusetts lender closed on a fully paperless mortgage. The work that led to this rare achievement captures the difficulties originators still face in digitizing [...]

Byline: Jacob Passy Fifth Third Bancorp in Cincinnati has expanded its community development pledge to $30 billion. The updated plan, announced Friday, adds to the $27.5 billion in commitments that [...]

Byline: Jacob Passy Mortgage industry observers are still sorting out the election results to determine what, if any, adjustments are needed to expectations for 2017 origination volume. Rising interest rates [...]

Byline: Bonnie Sinnock, Jacob Passy Any plans President-elect Donald Trump may have for tax reform don't include cutting the mortgage interest deduction, according to a member of Trump's economic advisory [...]

Byline: Jacob Passy David Stevens, the chief executive and president of the Mortgage Bankers Association, has been diagnosed with cancer. Stevens revealed his diagnosis Monday in his prepared remarks at [...]

Byline: Jacob Passy Granite Bank in Portsmouth, N.H., will acquire Cousins Home Lending. The residential lending company, also based in Portsmouth, will become a division of the $268 million-asset bank [...]

Byline: Jacob Passy Regions Financial in Birmingham, Ala., has agreed to pay $52.4 million to settle allegations that it violated the False Claims Act by originating and underwriting mortgages that [...]

Byline: Jacob Passy Waterstone Financial in Wauwatosa, Wis., reported a 71% year-over-year jump in second-quarter net income thanks to growth in its mortgage banking division. The $1.8 billion-asset bank's net [...]

Byline: Jacob Passy Mortgage originators aren't lending enough to people of color or the poor in the St. Louis, Milwaukee and Minneapolis metropolitan areas, the National Community Reinvestment Coalition said. [...]

Byline: Jacob Passy Fifth Third Bancorp in Cincinnati has named Edward Robinson senior vice president and head of Fifth Third Mortgage. Robinson joins the $142 billion-asset Fifth Third from PHH, [...]

Byline: Brad Finkelstein, Jacob Passy The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected [...]

Byline: Jacob Passy Private-equity firm GTCR is eagerly investing in the mortgage industry, specifically in companies that can bring efficiency to the market. 'Mortgage costs are increasing very rapidly, primarily [...]

Byline: Jacob Passy The Consumer Financial Protection Bureau and other federal banking agencies should do more to protect consumers with limited English proficiency, a report from Americans for Financial Reform [...]

Byline: Jacob Passy Homes owned by single men are more valuable and appreciate faster than properties owned by single women, according to an analysis from RealtyTrac. On average, the home [...]

Byline: Jacob Passy It appears more homebuyers are trying to know before they owe. Ninety-two percent of homebuyers are reviewing their mortgage documents before closing on the loan since the [...]

Byline: Jacob Passy Home sales growth has been tepid nationwide thanks largely to a cooling down of the housing market in the West, according to an analysis from Summit Valuations. [...]

Byline: Jacob Passy InSellerate, a startup sales automation software company focused on the mortgage industry, has received financial backing from Sekits Capital. Sekits Capital did not say how much it [...]

Byline: Jacob Passy Listings for new homes fell 1.1% in April, the first year-over-year drop since August 2014, according to the real estate brokerage Redfin. Redfin said that nearly two-thirds [...]

Byline: Jacob Passy The monitor of the Bank of America Mortgage Settlement distributed roughly $89 million Tuesday to legal assistance groups in nine states from a fund for federal tax [...]

Byline: Jacob Passy Flagstar Bancorp in Troy, Mich., reported an increase in net income during the first quarter, mainly on higher interest income and a larger release of loan-loss reserves. [...]

Byline: Jacob Passy Freddie Mac has revised downward its economic forecast for the remainder of 2016 following a tepid first quarter, but remains upbeat about the housing market. Lower-than-expected figures [...]

Byline: Jacob Passy Wells Fargo plans to donate more than $665 million in philanthropic giving to meet new corporate social responsibility goals it has set. The $1.8 trillion-asset banking company [...]

Byline: Jacob Passy A spike in lending helped profits rise 7.5% year over year in the first quarter at East West Bancorp in Pasadena, Calif. The $33.1 billion-asset parent of [...]

Byline: Jacob Passy Lending Club said Thursday that it has hired Sameer Gulati, formerly of McKinsey & Co., to be its chief operations officer and promoted another executive, Scott Sanborn, [...]

Byline: Jacob Passy Wall Street Journal 'One Firm Getting What It Wants in Washington: BlackRock.' That's the head on a piece in the Journal that looks at how the largest [...]

Byline: Jacob Passy Banc of California in Irvine is expanding its commercial bank by starting units specializing in health care, municipals and nonprofit banking. The units will begin operating in [...]

Byline: Jacob Passy Receiving Wide Coverage ... Goldman's Revenue Tumble: It was a tough first quarter for Goldman Sachs, as the company's net income dropped 56% to $1.2 billion on [...]

Byline: Jacob Passy Profit declined at Fulton Financial in Lancaster, Pa., in the first quarter, as broad-based loan growth was offset by a drop in noninterest income. The $18.1 billion-asset [...]

Byline: Jacob Passy Wells Fargo has hired Kristi Mitchem, formerly of State Street, to be the president and chief executive of its asset management division. Starting June 1, Mitchem will [...]

Byline: Jacob Passy Receiving Wide Coverage ... Wells Fargo Becomes Primary Dealer: The Federal Reserve Bank of New York has added Wells Fargo Securities as a primary dealer for the [...]

Byline: Jacob Passy Wintrust Financial in Rosemont, Ill., in the first quarter reaped the benefits of several M&A deals that it completed last year. The $23.5 billion-asset bank reported a [...]

Byline: Jacob Passy Bank Leumi USA has hired two bankers from Citigroup, Elsa Burton and Craig Warden, to help lead its operations in Los Angeles. Burton was named Los Angeles [...]

Byline: Jacob Passy United Community Financial in Youngstown, Ohio, has hired a JPMorgan Chase executive to be in charge of its technology. The holding company for the $1.9 billion-asset Home [...]

Byline: Jacob Passy David Bohne is going back to his roots. Bohne left USAA Federal Savings Bank in San Antonio last year after serving eight years as president, took a [...]

Byline: Jacob Passy Washington Federal in Seattle said its profit rose 3.4% to $41.7 million in the three months that ended March 31 as loan growth outweighed higher information technology [...]

Byline: Jacob Passy First Republic Bank in San Francisco rode double-digit loan and fee-income growth to a strong first quarter. The $62.1 billion-asset company on Thursday reported profits of $149 [...]

Byline: Jacob Passy Mutual of Omaha Bank and an affiliate of PlainsCapital Bank in Dallas have partnered to sell residential mortgages. The new business, called Mutual of Omaha Mortgage, will [...]

Byline: Jacob Passy Mitsubishi UFJ Financial Group and its U.S. subsidiary, MUFG Union Bank, have named Ranjana Clark to the role of San Francisco Bay Area President. Clark adds this [...]

Byline: Jacob Passy Quicken Loans plans to appeal a recent federal labor ruling that the Detroit lender and other companies owned by Dan Gilbert violated employees' rights. David Goldman, a [...]

Byline: Jacob Passy Fifth Third Bancorp has confirmed that it offered some of its employees buyouts to reduce costs. The voluntary early-retirement offers were made to 775 of the Cincinnati [...]

Byline: Jacob Passy Banc of California in Irvine has agreed to sell its wholly owned investment adviser subsidiary, The Palisades Group. The bank will sell the division to Palisades Holdings [...]

Byline: Jacob Passy The majority of first-time homebuyers plan to skip the starter-home step and move straight into the home that would meet their long-term needs, according to the Homebuyer [...]

Byline: Jacob Passy Bank of New York Mellon has hired a new chief operating officer for its markets business. Piers Murray will step into the role June 15. He will [...]

Byline: Jacob Passy Receiving Wide Coverage ... MetLife's Floodgates: The day after a federal judge sided with MetLife in its case against federal regulators regarding their designating the insurer as [...]