First Republic profits jump 20% on surging mortgage demand


Loan originations hit a record $16.7 billion in the fourth quarter, though executives caution that a recent rise in mortgage rates could slow refinancing activity.


First Community Bank of Tennessee buying mortgage lender


The bank agreed to acquire A Mortgage Boutique, which operates in six states.


PenFed touts substantial membership, loan growth for 2020


The nation's third-largest credit union saw a huge lending spike in 2020, especially in its mortgage division, while membership grew by 159%, thanks in part to merger activity.


Credit Suisse to post 4Q loss tied to U.S. legal woes


The Swiss banking giant is expected to set aside $850 million for litigation costs stemming from a long-running dispute with bond issuer over the sale of mortgage-backed securities.


Credit union groups continue remote notarization push


While some legislatures have extended provisions temporarily allowing online notaries, other lawmakers are pushing for those rules to be made permanent.


How long will credit unions' respite on problem loans last?


Stimulus payments and deferrals have helped borrowers stay current, but lenders must brace for a capital hit when those benefits eventually run out.


Lenders to small landlords brace for credit losses


The recent stimulus law’s relief for renters and extension of the federal eviction ban were meant to ward off a housing crisis. But owners of 1- to 4-unit dwellings still face mounting mortgage and property tax debts, and delinquencies could start rising soon — followed by foreclosures.


First Reliance in S.C. cites growth push in announcing executive moves


The company promoted two executives as part of an effort to revamp its leadership team and establish a bigger presence in the Carolinas.


End of refi boom could put squeeze on credit unions in 2021


Demand for home purchases and car loans would need to increase substantially to make up for what's expected to be a sharp drop in refinancing revenue.


'Seriously delinquent' mortgages remain elevated, OCC says


The percentage of seriously-delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter.