Commercial Appeal (Memphis, Tenn.), Jan. 19, 2016–Evanoff, Ted
Memphis banker First Horizon National Corp. reported income last year of $79.6 million, a sharp decline from 2014’s $216.3 million in profits after settling a long-running federal case involving the mortgage business spun off in 2008.
Wall Street Journal, Jan. 19, 2016–Tracy, Ryan; Burne, Katy
The U.S. government is moving toward faster collection of data for the $12.8 trillion U.S. Treasury market, boosting oversight of the world’s most liquid securities market where trading has grown more volatile in recent years.
Wall Street Journal, Jan. 19, 2016–Baer, Justin
Goldman Sachs Group Inc., beset by a steady decline in a fixed-income trading operation that was once its most-reliable source of profits, is turning for help to a business it once eschewed for help: debt financing.
National Mortgage News, Jan. 19, 2016–Collins, Brian
In one corner are groups like the Community Home Lenders Association and the major credit union groups, which are hoping the administration will further cut premiums after a reduction a year ago. On the other are the Mortgage Bankers Association and ICBA, which argue a cut now would be too soon.
HousingWire, Jan. 19, 2016–Swanson, Brena
Appraisal volume grew 5% for the week of Jan. 10, following a strong surge the week prior, according to the latest report from a la mode, an appraisal forms software company that tracks appraisal volume.
CNBC, Jan. 19, 2016–Marino, Joe
Some big banks are making less on home loans, in part owed to the Fed and its yearslong zero interest rate policy. But the trend also coincides with a rise in nonbank lenders, like Quicken Loans, that have been gobbling up market share in mortgages in recent years.
GlobeSt.com, Jan. 15, 2016–Bubny, Paul
Returns on commercial mortgage loans held by life insurance companies made a strong recovery in the third quarter, LifeComps said Friday.
MarketWatch, Jan. 15, 2016–Beilfuss, Lisa
PNC Financial Services Group Inc. said profit declined in its latest quarter as the lender generated lower corporate service and mortgage banking fees. Still, results beat Wall Street estimates.
National Mortgage News, Jan. 15, 2016–Gillen, Kevin
The author, general manager with TD Bank, said as the purchasing market heats up, the earnings advantage will go to MLOs who are backed by mortgage lenders that have a strong brand, deep pockets and an infrastructure that can support competitive rates, on-time closings and a suite of products that appeal to market needs.
Wall Street Journal, Jan. 15, 2016–Rexrode, Christina; Rudegeair, Peter
Citigroup Inc. on Friday reported its biggest full-year earnings in nearly a decade, an affirmation of the firm’s strategy to get smaller after decades of precrisis empire building.
