Banking

A new platform developed by Overture Technologies seeks to pair consumers and lenders online without charging for advertising by the number of clicks or leads generated.

One of the bond market's hottest trades from last year is losing its luster.

Eastern Union Funding has lowered its fee cap $135,000 on loans for stabilized properties.

A new crop of P-to-P loan platforms is focusing on commercial real estate loans that get ignored by banks.

ExactBid in San Jose, Calif., has acquired Narrative1 in Plymouth, N.H., in a combination of technology firms that focus on the commercial real estate lending industry.

The mortgage real estate investment trust sector is diversifying as margin compression and bank apprehension changes market dynamics, according to reports from Kroll Bond Ratings and Fitch Ratings.

Deutsche Bank, Jefferies and UBS have set final pricing terms on $1.35 billion in commercial mortgage bonds, according to a regulatory filing.

BOK Financial has hired Glenn Brunker to oversee mortgage operations and manage the bank's transition to a new federally required consolidated mortgage disclosure regime.

The delinquency rate on commercial mortgage-backed securities rose from May to June, according to Trepp's monthly report.

Walker & Dunlop, through the Department of Housing and Urban Development's Lean 232 program, closed the first Rental Assistance Demonstration program loan for a health care facility.

After it all but stopped making real estate and development loans following the housing crash, Farmers & Merchants Bank has increased its real estate loans by more than 61% over the last two years. It's a figure that’s likely to keep rising as California's real estate market heats up and the $5.6 billion-asset bank continues to add commercial real estate, construction and mortgage lending specialists to keep pace.

New York City's affordable housing stock will get a boost from Bank of America Corp. and Citigroup Inc. as part of settlements resolving mortgage-bond practices that led to the 2008 financial crisis.

Shashank Shekhar, CEO of Arcus Lending in San Jose, Calif., uses a strong presence online to attract tech-savvy clients.

Farmers Bank & Trust in Great Bend, Kan., has agreed to sell certain assets of its mortgage division to Prospect Mortgage in Sherman Oaks, Calif.

The U.S. Department of Agriculture's Rural Housing Service is raising the cost of its home-loan guarantees that enable borrowers to purchase homes in certain areas without down payments.

Life insurance companies reported a higher return on their private commercial mortgage investments in the first quarter, compared to the fourth quarter.

Westcor Land Title Insurance in Maitland, Fla., has opened its first New York office as it looks to expand in the market for commercial underwriting.

Jeff McGuiness has exited the CEO position at Lenders One to become the chief sales officer for Embrace Home Loans.

Bankers and commercial real estate developers are protesting new restrictions on construction lending, arguing they are poised to hurt credit availability and drive loans into risky, unregulated sectors.

Chris Schoenthal of HomeBridge Financial Services found a creative use for pickle jars in his quest to drum up new business.