-
The Michigan company recently paid $70 million to close the books on a matter dating to the last financial crisis.
March 31 -
The investments, part of a post-merger effort to wring out more profits, include new commercial and mortgage lending platforms.
January 21 -
Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized.
October 29 -
Low rates and intense competition might lead some banks to ease underwriting standards in 2021, when the economy may not yet have recovered.
October 5 -
The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.
September 14 -
The Minneapolis company said 75% transactions have been handled online since the pandemic hit.
July 15 -
Home purchases in markets outside of cities accounted for some of the San Francisco bank's loan growth. Executives believe this will be a long-term trend because a generous supply of inventory in less populated areas will appeal to buyers.
July 14 -
Independent mortgage banks started 2020 strong after three quarters of high profits, according to the Mortgage Bankers Association.
June 4 -
By helping borrowers now, banks hope customers can quickly catch up on payments once the coronavirus pandemic ends. If they can’t, interest income will remain low and charge-offs could pile up if the crisis drags on.
April 13 -
Independent mortgage bankers had their most profitable fourth quarter in seven years for originations, but the fallout from the coronavirus could upset the economics of the industry in the short term.
March 24