mortgages

U.S. Bancorp counting on fee businesses to drive growth in 2020

01/15/20

A tough fourth quarter seemed to foreshadow challenges in the year ahead for the nation’s fifth-largest bank.

[more]

Loan payoffs likely to accelerate in 2020

01/13/20

Lower rates and more nonbank competition will make it harder for banks to keep loans on their books as business borrowers have plenty of opportunities to refinance elsewhere.

[more]

Manafort's banker seeks to move his trial from New York to Chicago

01/13/20

Stephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move.

[more]

CRA plan could be breakthrough for credit-starved tribes

01/07/20

Native American leaders are cheering the proposal, which would give banks Community Reinvestment Act credit for making loans made on reservations, even if the lands sit far outside their assessment areas.

[more]

Foreclosure starts fall to lowest level this century: Black Knight

01/02/20

November's foreclosure starts hit their lowest level since Black Knight started tracking this data in 2000, while the foreclosure rate reached a 14-year low.

[more]

GSE investors better beware underlying risks

01/02/20

The FHFA’s attempt to move some of its balance sheet into the private sector could leave investors with greater liabilities than they were initially told.

[more]

No, the FHA should not be pushed to the brink again

12/27/19

Now is not the time for the government to cut Federal Housing Administration premiums and enter new segments of the housing market.

[more]

Mortgage review hangs heavy over Michigan bank's new CEO

12/27/19

Tom Lopp abruptly suspended a program that accounted for 83% of Sterling Bancorp's mortgage production this year. An ongoing audit of the program and pressure to diversify beyond mortgages are reasons to watch Lopp and Sterling in 2020.

[more]

HomeTrust in N.C. sells $160 million in mortgages

12/20/19

The company plans to sell more mortgages in the first quarter, which would bring its loan-to-deposit ratio below 100%.

[more]

Business debt exceeds households' for first time since 1991

12/12/19

Corporate debt swelled to $15.987 trillion in the third quarter after borrowing increased by nearly 6%, according to the Federal Reserve.

[more]