Banking

Melissa Cohn has opened MC Home Loans looking to recreate the success she had at Manhattan Mortgage.

The New York metro area leads the nation in commercial and multifamily construction starts, according to a new report.

As the Small Business Administration's flagship 7(a) loan program breaks records, its other loan program stagnates. Advocates for so-called 504 loans hope a drive to permit CRE refinancing will inject new life.

Jones Lang LaSalle in Chicago has agreed to acquire Oak Grove Commercial Mortgage, to expand its debt-finance offerings.

Consumers' growing confidence about their ability to qualify for a mortgage is generating more foot traffic, sales orders and loan volume for some of the nation's largest homebuilders.

Austin First Mortgage uses a combination of internal and customer-facing marketing technologies to keep borrowers are engaged and informed throughout the loan process.

A New York law that was invalidated by a federal judge was one of many efforts by big cities to pressure banks into making more investments in local communities after the crisis. Some municipal laws could be more vulnerable to bankers' legal challenges than others.

Impac Mortgage Holdings reported an increase in second-quarter profit, citing higher gains on the sale of loans.

A federal judge has overturned a New York City law that would have required banks to make new disclosures regarding their investments in local communities.

Walker & Dunlop reported a higher second-quarter profit, citing gains from mortgage banking and servicing fees.

Capital One Financial is in exclusive talks with General Electric to buy the company's health-care finance unit, people familiar with the matter said.

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Prospective borrowers for single-family homes will be required to make a minimum down payment of 15% of the purchase price, down from 20%. The borrower must have a minimum FICO score of 680, down from 740.

Stark Enterprises, a commercial real estate developer in Cleveland, has formed a capital-markets division to provide equity and debt financing and related services.

An Astoria Financial investor is demanding that the Lake Success, N.Y., company explore a possible sale or other ways to increase shareholder value.

Guaranteed Rate's Oren Orkin explains how helping real estate agents host their open houses has led to new referral relationships and increased mortgage business.

Commercial real estate borrowing and lending continued at a strong clip in the second quarter, according to the Mortgage Bankers Association.

Guardian Mortgage has named a Bank of America executive to succeed Marcia Phillips as chief executive.

Banks are seeing stronger consumer demand for credit for a range of products, including residential mortgages, auto loans and credit cards, according to a Federal Reserve Board survey of senior loan officers released Monday.

Freddie Mac has launched its first securitization of small-balance loans on multifamily properties. The 44 mortgages backing the $108 million of SB1 Certificates are underwritten by Freddie Mac and originated by Greystone Servicing Corp.