BankThink

Summit Financial to pay $10M to settle dispute over pre-crisis mortgage sales

04/25/17

The West Virginia company sold the mortgages to Residential Funding and ResCap Liquidating Trust between 2003 and 2007.

[more]

Fannie makes it easier for student loan borrowers to get mortgages

04/25/17

Fannie Mae has made three selling guide changes aimed at helping the growing number of borrowers with student debt qualify for home loans, and may begin testing other similar proposals related to this goal.

[more]

F.N.B. absorbs lower short-term profit after completing Yadkin deal

04/25/17

Merger-related expenses cut into the Pittsburgh company's earnings, though management is excited about growth opportunities in North Carolina.

[more]

Northern Trust's 1Q profit climbs 13% on strong fee, asset growth

04/25/17

Double-digit gains in assets under management and administration and higher interest rates more than offset rising expenses.

[more]

Fifth Third sheds auto and C&I loans as profits fall

04/25/17

The Cincinnati company’s 1Q profits were hurt as it scaled back in key consumer and commercial credits, paid higher severance and saw fee income fall.

[more]

BankUnited reports higher quarterly profit despite medallion woes

04/25/17

The Florida company relied on loan growth and loan sales to offset higher expenses and ongoing issues in its taxi medallion lending operations.

[more]

Sierra Bancorp to buy OCB Bancorp in California

04/25/17

Sierra will pay $36 million for the parent of the $257 million-asset Ojai Community Bank in a deal that should close by the end of this year.

[more]

Good news for Wells; Remembering IndyMac, fondly

04/25/17

The FDIC and the Fed approve the bank's living will and remove growth limits; former employees of failed banks like IndyMac and Wamu still have fond memories.

[more]

Online lender CommonBond to offer more types of student loans

04/25/17

The company that made its name refinancing student loans plans to delve deeper into originations after a trial run of sorts.

[more]

'This is not about charity': Gates Foundation exec on financial inclusion and mobile money

04/25/17

Kosta Peric, deputy director of digital payments and financial services for the poor at the Gates Foundation, discusses his efforts to expand access to low-cost financial services in developing countries.

[more]