-
Acquiring AmeriHome would provide the fee revenue the Phoenix company seeks to compensate for low interest rates and tepid commercial loan demand. The deal also would allow it to reinvest billions of dollars of excess liquidity.
February 17 -
The Arizona company will pay $1 billion for the parent of AmeriHome Mortgage, which manages a $99 billion mortgage servicing portfolio.
February 16 -
Home loans accounted for the bulk of the industry’s lending gains in 2020, but inventory shortages in some markets and an uneven economic recovery may dim prospects this year.
February 9 -
First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks.
February 5 -
The California company acquired Civic Financial Services, which makes loans to residential real estate investors.
February 3 -
Amerant Mortgage includes several former bankers from City National Bank of Florida in Miami.
January 26 -
The bank agreed to acquire A Mortgage Boutique, which operates in six states.
January 14 -
The switch to Thomas Cangemi from longtime CEO Joseph Ficalora could foreshadow a push to curtail the company’s reliance on multifamily lending and the pursuit of a bank acquisition that lowers funding costs.
December 29 -
Noninterest income has bolstered profits this year. But its growth is expected to slow over the next two years, making for a gloomy earnings outlook unless vaccine distributions and the economic recovery are relatively swift.
December 17 -
The company is looking to tap into a surge of homebuying tied to historically low interest rates.
November 3