BankThink

Charter creep concerns resurface in Freddie's new risk-sharing pilot

03/14/18

Freddie Mac and Arch Capital are testing a new form of risk-sharing deal to boost investor appetite for low down payment mortgages. But the pilot is raising concerns about "charter creep" because it dictates private mortgage insurance decisions typically made by lenders.

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Will women ever get a shot to lead Goldman? Ask its next top man

03/14/18

Goldman Sachs needs to do a better job elevating women to its top ranks, new heir apparent David Solomon said recently. He has his work cut out for him.

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Third group plans de novo in North Carolina

03/14/18

Organizers in Winston-Salem are planning to raise at least $25 million to form Community Bank of the Carolinas.

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Ginnie Mae venture with Chicago FHLB crosses mortgage milestone

03/14/18

A mortgage program created by a 2015 partnership between the Federal Home Loan Bank of Chicago and Ginnie Mae has securitized over $1 billion in government-backed mortgages, the partnership announced.

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Trump picks CNBC anchor Kudlow as top economic adviser

03/14/18

President Trump is expected to announce as early as Thursday morning that he has selected Larry Kudlow, the host of CNBC's "The Kudlow Report," to replace Gary Cohn as head of the National Economic Council, according to multiple media reports.

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Online lender's new target: Small businesses waiting to get paid

03/14/18

Fundbox is testing a payments and credit network for small businesses and their business clients that may offer an alternative to traditional lenders, credit card issuers and supplier financing.

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Legislative progress on flood insurance changes still elusive

03/14/18

As Congress moves quickly toward passing regulatory relief legislation, another financial services policy goal — long-term reform of the National Flood Insurance Program — remains stalled.

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Former Equifax CIO Jun Ying accused of insider trading, DOJ says

03/14/18

A former senior executive at Equifax Inc. was criminally charged for allegedly selling almost $1 million worth of shares before the company’s announcement last year that it had suffered a massive data breach.

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Housing market needs an explicit government guarantee

03/14/18

A clear government backstop for the mortgage market would benefit small banks and investors by ensuring a stable and liquid secondary market for securities.

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Coinbase gets a U.K. money license and reportedly a bank account

03/14/18

Coinbase Inc., one of the largest cryptocurrency exchanges, said it obtained an e-money license in the U.K. as it expands services in Europe. A local subsidiary also opened an account at Barclays Plc, easing deposits and withdrawal for clients.

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