Banking

CIT Group has completed its acquisition of OneWest Bank in Pasadena, Calif.

Investors Bancorp reported higher second-quarter profit on expanded multifamily, commercial real estate and business lending, as well as lower expenses.

AssetAvenue, a marketplace lender that specializes in commercial real estate finance, announced that it has hired Peter Coleman as its chief financial officer.

Wells Fargo is ending some marketing arrangements with real estate firms and home builders over concerns about regulatory scrutiny.

Ares Commercial Real Estate reported a higher second-quarter profit on growth in principal lending and mortgage banking.

BOK Financial in Tulsa, Okla., reported higher second-quarter earnings as mortgage banking and loan growth offset an increase in expenses.

A survey from Fannie Mae found that lenders use credit overlays in a limited manner, with some variations based on channel.

The price of loans that underlie commercial mortgage-backed securities fell from May to June, according to DebtX.

Flagstar Bank far outpaced expectations for its second-quarter results due to high loan sales and a strengthened portfolio from the subtraction of lower performing loans.

Atlantic Coast Mortgage's Ashley Smith explains why keeping her referral partners happy is the key to her success as a loan officer.

Signs of optimism are growing for acquisition, development and construction loans as banks hone strategies in a market transformed by the crisis.

Astoria Financial in Lake Success, N.Y., reported a 40% increase in second-quarter earnings as stronger fee income from mortgages helped it overcome a considerable shrinkage in loans.

Ares Management LP and Kayne Anderson Capital Advisors LP are merging to create Ares Kayne Management LP, an alternative investment group whose $113 billion in assets will rank it among the world's biggest private equity firms. Ares Management's real estate group provides debt and equity financing for commercial properties.

F.N.B. in Pittsburgh reported higher second-quarter profit as it booked more commercial real estate and business loans.

National Penn Bancshares in Allentown, Pa., said its second-quarter profit improved as increased real estate lending offset higher expenses.

Old Republic International Corp. doubled its title insurance revenue during the second quarter, while First American Corp.'s commercial title business was a significant driver of growth.

The Consumer Financial Protection Bureau's new integrated disclosure regulations could pose problems for warehouse line providers along with their mortgage lender clients.

Huntington Bancshares in Columbus, Ohio, reported higher quarterly in profit that reflected higher in mortgage banking fees and steady loan growth.

Bankers were pleased with the dramatic leap in home lending last quarter, but they cautioned that volume will slow in the second half as rate increases curb refinancings, nonbanks provide stiffer competition, servicing costs remain high and underwriting standards change.

HomeTrust Bancshares has hired Kristin Powell as senior vice president and director of mortgage lending. She now holds the position alongside John Myers, who has been with the Ashville, N.C. bank for more than 30 years.