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U.S. District Judge André Birotte has dismissed all federal claims against Renovate America and its government bond-issuing partners in three lawsuits that had sought class-action status.
July 19
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The Buffalo, N.Y., bank also said commercial and consumer lending ticked up, while residential real estate fell during the second quarter.
July 19
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The Illinois company has bought two banks and a small mortgage firm in the past year, which helped improve its second-quarter results.
July 19
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Declines in commercial products and mortgage banking fees at the Minneapolis company offset some of the benefits of higher interest rates.
July 19
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The credit characteristics of the collateral are broadly similar to the sponsor's inaugural deal, completed in February, but the capital structure has been tweaked.
July 19
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The Pennsylvania bank's mortgage performance contributed to stronger loan growth, fee income and profits.
July 18
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Last month's spike in defaults due to loans maturing drove the greatest month-over-month surge of U.S. commercial mortgage-backed securities delinquencies in six years, according to Fitch Ratings.
July 18
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The House Appropriations Committee approved a HUD funding bill Monday that would prohibit the FHA from insuring properties with a Property Assessed Clean Energy loan in a first-lien position.
July 18
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The Georgia company made more loans and controlled costs. As a result, it had a 1% return on assets and an efficiency ratio below 60%.
July 18
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Citigroup and Deutsche Bank are marketing $931.6 million of commercial mortgage bonds with heavy exposure to three Manhattan skyscrapers.
July 18
