BankThink

Fannie Mae’s 2020 earnings fall due to COVID-related credit expenses

02/12/21

While its net income declined annually for the second consecutive year, CEO Hugh Frater touted Fannie Mae’s resiliency in a record year for providing mortgage liquidity.

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Fed details stress-test scenarios for 2021

02/12/21

Nineteen of the nation's largest banks must show how they'd withstand pressures in the commercial real estate and corporate debt markets that would accompany a severe global recession.

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Merger to expand Community Choice's foothold in western Michigan

02/12/21

A deal to merge with First General Credit Union in Norton Shores, Mich., will extend the Detroit-area institution's reach across the state.

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HUD should put entry-level homebuyers first, not special interest groups

02/12/21

The reduction currently under consideration by the Biden Administration would lead to even faster home price appreciation, especially in areas with moderate FHA presence, American Enterprise Institute’s Housing Director of Research Tobias Peter says.

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PayPal looks to stock trading, savings in push past checkout

02/12/21

PayPal Holdings Inc. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button.

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Former SoFi CEO starting blank-check company to raise $250 million

02/12/21

Mike Cagney’s blockchain lending startup Figure Technologies plans to raise $250 million through a new blank-check company, according to an SEC filing.

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Credit Suisse pays $600 million to settle U.S. mortgage case

02/12/21

The agreement with plaintiff MBIA Insurance resolves a lawsuit tied to the sale of mortgage-backed securities that plummeted in value during the 2008 financial crisis.

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BNY Mellon to accept bitcoin; home price boom continues

02/12/21

The custodian said it will hold, transfer and issue cryptocurrencies on behalf of its asset management clients; some got caught up in the homebuying frenzy and now regret it.

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NCUA’s next field of membership fight is already brewing

02/12/21

A plan to make expansion easier for credit unions is getting pushback not just from bankers, but also from the regulator's current chairman and a former board member.

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Banks' latest green battle: Plastics pollution

02/11/21

Still under fire for financing oil-and-gas exploration, banks are now being criticized for bankrolling producers of the single-use bottles and wrappers that are piling up in landfills and waterways. How will they respond to the mounting pressure from environmentalists?

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