Banking

Commercial mortgage lenders, and investors in their bonds, have been more eager than the residential market to embrace Property Assessed Clean Energy loans even though those loans hold a superior-lien position. Here’s why.

Five credit unions in three states have partnered with myCUmortgage, a provider of outsourced origination and servicing programs.

The Consumer Financial Protection Bureau's contentious rulemakings on arbitration and payday lending may be in jeopardy with the change in administrations and continued GOP control of Congress.

New York Community Bancorp will not receive regulatory approval for its deal to buy Astoria Financial by the end of the year as initially planned.

Farmer Mac's third-quarter net income increased 95% to $16.4 million over the same period one year ago due to a $5.4 million increase in the fair value of financial derivatives.

Walter Investment Management Corp. lost $101.8 million in the third quarter, driven by goodwill and intangible asset impairment charges of $60.8 million and noncash charges of $17 million.

A Florida hedge fund transformed risky Fannie Mae and Freddie Mac debt into investment-grade securities, and it could end up helping the mortgage giants' efforts to offload more of their risk.

U.S. Supreme Court justices signaled they may divide over the ability of cities to use the Fair Housing Act to sue banks for discriminatory lending practices that contribute to urban blight.

Trends in commercial real estate lending, which has reached record levels at U.S. banks, are unsustainable, Fitch Ratings warned.

The Justice Department has widened its investigation of Fulton Financial’s mortgage lending practices to include four new units.

Hiring by independent mortgage firms accelerated in September after a slowdown in the prior month.

American International Group has been increasing lending for apartments as the company seeks to counter low yields on publicly traded bonds and volatility from hedge fund holdings.

The regulator's settlement with Nomura is tied to the failures of two corporate credit unions, though Nomura did not admit fault as part of its settlement.

Citigroup is marketing its latest commercial mortgage securitization heavily centered on the more volatile CMBS mix of hotel and office properties.

Can some of the top names in mortgage lending outdo online lending startups in head-to-head competition? We're about to find out. Wells Fargo, Quicken Loans and SunTrust have all entered the digital lending business, putting early entrants on the defensive.

HomeBridge Financial Services has agreed to purchase the operating assets of Prospect Mortgage, in a deal that will grow its retail branch operation by approximately 150%.

Courting borrowers with past bankruptcies might not cross most loan officers' minds as the best strategy for building business, but Guaranteed Rate's Danielle Young doesn't let borrowers' past blemishes intimidate her.

Commercial mortgage originations increased 5% in the third quarter compared with the same period last year, driven by a huge increase in government-sponsored enterprise volume.

Bethpage Federal Credit Union, Holston Methodist Federal Credit Union and United Heritage Credit Union have all selected the FirstClose Report for instant title search, flood certification, valuation and property information tied to mortgage and home equity loan products.

Blackstone Real Estate Partners is tapping the securitization market for a cash-out refinancing of The Cosmopolitan of Las Vegas hotel and casino.