Banking

CrediFi helps bankers pursuing commercial real estate loan growth minimize the risk in lending to customers they historically haven't served.

As suspense builds over which firm will be the first to seek the special-purpose charter, a side discussion has emerged over which financial services sector has the most to gain — or lose — from the new option.

Risk aversion, economic momentum and the multidecade nadir of unemployment rates helped push delinquencies to the lowest year-end measure of the 21st century, according to Black Knight.

Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae’s CEO.

Bank of America's first-mortgage production dropped almost 26% year-over-year in the fourth quarter of 2018, but it experienced a less severe 10% decline in home equity lending during the same period.

Loans grew 6% at JPMorgan Chase, but the bank is "not going to be stupid" and assume that will last forever, its CEO says. Here are some precautionary steps it's taking.

Citigroup's residential mortgage originations declined 23% and its home-loan revenue dropped by 35% year-over-year in the fourth quarter of 2018, as the company continued to distance itself from home loans.

The impasse has halted grant and loan applications and frozen many farm subsidies just weeks ahead of planting season.

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage.

Consumer lending should also be a bright spot, while mortgage lending could be suppressed by rising rates and tight housing supplies.

Continual declines in the refinance share of mortgage originations led to prepay rates dropping to their lowest levels since 2009, according to Black Knight.

More consumers fell behind on their loans in the third quarter of 2018, even as average wages rose and the unemployment rate fell to a 50-year low.

The strong economic headwinds from last fall facilitated a declining loan delinquency rate across the country, though areas hit by natural disasters had increased defaults, according to CoreLogic.

The banking industry has long been critical of the government-sponsored enterprise, but the system could provide valuable banking services to large swaths of the country currently lacking access to them.

A new marketing tool lets consumers start the mortgage prequalification process by sending a text message, providing would-be borrowers with credit and loan program details and offering lenders a low-cost source of leads.

The agencies are weighing a plan to reduce the scope of residential real estate transactions requiring an appraisal, but appraisers have warned that the proposal could have consequences.

With its bolstered fundraising cache, the Mortgage Bankers Association Political Action Committee should hold an increased influence over the industry's policy and regulation issues in the coming year.

Bank OZK's George Gleason, one of our community bankers to watch in 2019, needs to rein in the Arkansas bank's commercial real estate exposure to placate nervous investors.

Fannie Mae's overall single-family serious delinquency rate dropped another notch in November, according to its most recent report, but the current government shutdown raises questions about whether that trend will continue.