Banking

Lorie Shannon, recruited from SunTrust, will oversee a strategy that features large, non-QM mortgages in key markets.

The public face of the Trump administration's revamp of the Consumer Financial Protection Bureau is by no means working alone.

The removal of costly appraisal requirements on tens of thousands of smaller commercial properties could help community banks better compete for loans they say they have been losing to nonbank lenders.

Preferred Bank's experience with an apartment developer is a reminder of how important strict underwriting terms will be as loan demand increases, rates rise and lenders try to outdo each other.

Costs rose at the global bank, profit in North America fell 16% and questions are mounting for new CEO John Flint ahead of the release of his strategic plan.

Leader Bank says it can land property managers as commercial clients by helping them handle tenant deposits — and possibly create opportunities to boost CRE lending.

WMC Mortgage, a leading subprime originator during the boom era, could file for bankruptcy by parent company General Electric if it loses a legal proceeding regarding indemnifications on mortgage-backed securities.

As the mortgage industry makes more strides with technology, the time it took millennials to close loans for new-home purchases shrank to its fastest time yet.

The Federal Savings Bank has been under a spotlight since it was revealed that it provided $16 million in mortgages to onetime Trump campaign manager Paul Manafort.

The group says Mulvaney, who also runs OMB, was not totally forthcoming with the Senate Budget Committee about the foreclosure of a property he owns in South Carolina.