Mortgages

Some continue to doubt there will be a premium cut, while others say there's no telling which way Brian Montgomery will go.

Ruoff Financial will make its first push into banking with the purchase of SBB Bancshares.

Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his predecessors: inheriting an organization on the upswing.

Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.

The Atlanta bank had previously failed compliance metrics in five straight quarters before passing them last year, according to the settlement's monitor.

The Rhode Island regional agreed to buy Franklin American Mortgage. With the acquisition it would have one of the nation's 15 largest bank-owned mortgage platforms.

While unprecedented debt levels pose risks, lenders say there won’t be any major upset to the economy for a number of reasons, including the view Bank of Canada won’t press ahead with higher rates if signs of stress emerge.

Lenders would have a lighter data-reporting burden, but they may end up deciding to collect the data anyway.

The Canadian banks' second-quarter profits were also boosted by double-digit income growth at their U.S. operations.