Broward Bank of Commerce, Fort Lauderdale, said it has launched a new residential lending division, giving its customers access to the purchase and refinancing markets. The Florida bank, which has been in business for less than two years, named Regina Blanz senior vice president in charge of the effort. During her career she has worked at Minto Communities and Pointe Federal Savings Bank. Broward Bank, which boasts no delinquent loans, has $77 million in assets. The launch of the new residential unit "reflects the bank's mission to be responsive to our customers' needs and fits our vision for strategic growth," said Broward president Keith Costello.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









