NVR Inc. reported a 27% drop in third-quarter net income as affordability pressure, higher lot costs and weaker demand squeezed homebuilding profitability, while its mortgage banking unit closed fewer loans.The Reston, Virginia-based builder and mortgage lender...
Citizens Financial Group reported a 29% increase in quarterly profit Friday, supported by higher interest income and growing loan balances, while mortgage banking fees remained a weak spot in the bank’s revenue mix. The Providence-based company earned $636...
Two Virginia community banks are combining in a roughly $253 million transaction that will create a $4.4 billion institution stretching from the Shenandoah Valley through Northern Virginia and into the Washington, D.C., metropolitan area. John Marshall Bancorp, the...
EverBank and WaFd are combining in a $3.9 billion transaction that will create a roughly $75 billion banking company — but for the housing industry, the more revealing part of the deal may be what both banks have been moving away from. The companies announced Monday...
The mortgage banking industry has been reconfigured with merger and acquisition news involving two pairs of prominent originators. American Pacific Mortgage (APM) and Synergy One Lending announced a merger that the companies said would expand their national presence...
Office Properties Income Trust Posts $45.8 Million Loss After Bankruptcy Ex…
