Capital levels at SouthBank in Palm Beach Gardens, Fla., have dropped below a minimum required by regulators.
The $23.1-million-asset company reported a $374,000 loss in the second quarter, compared to a $25,000 loss a year earlier.
Its Tier 1 leverage ratio slipped to 7.7% at June 30—well below the 9% minimum demanded in a
SouthBank's holding company, Commonwealth Savingshares in Huntsville, Ala., has been operating under a
Mordor Intelligence expects the manufactured homes market size to expand from $28.5 billion in 2025 to $30.5 billion this year, its latest report found.
Fannie Mae and Freddie Mac's support for the market lessened the impact, as could bank capital reform, and the company's normalized results outperformed.
Even as they continue to press for additional changes, banks get some wins from the revised Basel capital framework and a ballpark estimate of their capital outlook for the next few years.
More than three-quarters of brokers are using popular AI platforms, but application of lender-specific software lags considerably, according to AD Mortgage.
UWM Holdings is now bidding 70 cents more per share than CrossCountry for Two Harbors, with an all-cash option as an alternative to its all-stock proposal.
Refinances drove growth of last year's lending activity, with both the volume share and average loan size coming in noticeably higher, according to IEmergent.
