Banking

Morgan Stanley is readying a deal backed by 57 commercial mortgages.

There's been concern this year that commercial mortgage bonds are getting backed by loans that are increasingly risky.

When Guaranteed Rate's Sam Sharp discovered past clients' online reviews were bringing in new business, he started making customer feedback a major part of his digital marketing strategy.

First Bancshares in Hattiesburg, Miss., has agreed to buy Mortgage Connection in Jackson, Miss.

Intuvo, a company that provides marketing automation software to the credit union industry, and a division of CU Direct, announced it has entered into new partnership agreements with three credit unions.

A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.

Wells Fargo has promoted Tim Sloan to president and chief operating officer, a move that likely puts him on a short list of candidates to succeed John Stumpf as chief executive.

The former chief executive of a Nebraska bank has been convicted by a federal jury for lying to investors and regulators about considerable losses tied to risky commercial real estate investments.

Loan originations for commercial and multifamily properties rose in the third quarter, the Mortgage Bankers Association reported, backing up the group's projection from last month.

Banks have added so much capital in the past several years that they're better protected from declines in real estate values than they were before the financial crisis.

Shares of real estate investment trusts fell the most since August after an upbeat reading on U.S. jobs increased the odds the Federal Reserve will raise interest rates this year.

WASHINGTON — The House passed a massive $340 billion transportation bill on Thursday, striking two key provisions hated by the banking industry while adding several other measures that could affect financial institutions.

New rules proposed by international banking regulators would severely reduce, and possibly eliminate, banks' profitability in trading bonds that finance everything from home loans and apartment mortgages to auto loans and student debt, according to JPMorgan Chase & Co.

Greystone has secured $88.6 million in financing to rehabilitate 20 multifamily properties for low-income residents in Tennessee.

Loan demand and conditions remained largely unchanged in the third quarter, with some easing of credit standards for consumer and auto loans, according to a survey of senior loan officers conducted by the Federal Reserve.

Accurately capturing mortgage data to meet new federal regulators is a top challenge for banks and credit unions, according to Wolters Kluwer Financial Services.

The Mortgage Bankers Association said Thursday that it expects commercial and multifamily mortgage originations will increase year-over-year in 2016 by 6% to $485 billion.

Arch MI U.S. did $3.2 billion in new insurance written, approximately 60% more than the nearly $2 billion done in the same quarter in 2014.

BOK Financial reported a small drop in third-quarter profit, as a decline in the value of mortgage servicing rights offset loan and fee income growth.

New York Community Bancorp has agreed to buy Astoria Financial for about $2 billion in cash and stock, combining two of the largest New York-area banks to create an institution with about $64 billion in total assets.