Paul Davis

Many community banks have given up on national mortgage platforms as not worth the effort, but organizers of NXG Bank in Maryland say they have a plan to make one work.

The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.

Bank 34 will no longer sell mortgages in the secondary market as it looks to reduce its reliance on volatile revenue streams.

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.

University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.

The California banking company has two loans tied to DC Solar that are on nonaccrual status.

The Seattle company has a letter of intent to sell its home loan centers to Homebridge Financial Services.

The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.

Bridgeview Bancorp floated its name with 14 potential buyers, but it only attracted serious interest once it promised to divest a mortgage business that recorded a double-digit decline in fee income last year.

Why now? Will it work? How will their rivals respond? The megadeal between the two East Coast regionals offers up plenty of grist for speculation.

The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.

Many federal agencies have been closed for more than three weeks, making it the longest shutdown in U.S. history. With no end in sight, here's how it's affecting banks, credit unions and mortgage lenders.

Selling $1.6 billion in mortgages, and paying off a similar amount of wholesale borrowings, will allow the company to expand its net interest margin in 2019.

Merchants has agreed to buy NattyMac, a company it has been in business with since 2014.

The deal is designed to improve capital ratios and reduce risk at the Seattle company.

Ruoff Financial will make its first push into banking with the purchase of SBB Bancshares.

The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.

The Rhode Island regional agreed to buy Franklin American Mortgage. With the acquisition it would have one of the nation's 15 largest bank-owned mortgage platforms.

The Chicago company said its decision was largely based on intense competition, very low margins and economic changes.

The Seattle company, which is gearing up for a proxy battle with Blue Lion Capital, appointed a former U.S. Bancorp executive to fill a board vacancy.