mortgages

Pennsylvania credit unions cheer remote notarization law

10/30/20

The CrossState Credit Union Association continues to work with lawmakers in neighboring New Jersey to get similar legislation passed there.

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Introducing Access Denied: Systemic racism in financial services

10/23/20

This five-part series is a comprehensive effort to explain the racial discrimination Black Americans face in our financial system.

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Google, IBM rush to sell banks cloud software

10/22/20

As the pandemic speeds digital adoption at financial institutions, the technology giants are pitching products that scan in data from mortgage documents and provide security and compliance controls used by in-house tech developers.

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What's in, what's out as KeyCorp resets consumer strategy

10/21/20

The Cleveland company will exit indirect auto lending and close branches so it can devote more resources to mortgages, student loans and other relationship-driven, digital-friendly businesses.

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Nonbank acquisitions pay off for Citizens

10/16/20

Strong mortgage and capital markets activity helped offset credit costs and one-time items in the third quarter at Citizens Financial Group. In a period of low rates, CEO Bruce Van Saun says he’d like to buy more fee-generating businesses.

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M&T Bank fined for flood insurance violations

10/15/20

The Buffalo, N.Y., bank will pay $546,000 penalty, which will be passed on to the National Flood Insurance Program to help offset costs.

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BofA breaks ranks and paints upbeat picture on consumer trends

10/14/20

Spending is up and deferrals are down sharply, signaling that the economy has turned a corner, CEO Brian Moynihan said. The outlook stood in stark contrast to JPMorgan Chase, which set aside more funds to address potential exposure in consumer banking.

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Mortgage boom fuels strong third quarter at First Republic

10/13/20

The San Francisco bank reported record loan originations thanks to explosive growth in single-family home loans, and profits beat analysts' expectations.

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JPMorgan pledges billions in spending to fix racial wealth gap

10/08/20

The company says it plans to originate 40,000 mortgages for Black and Hispanic households and finance 100,000 affordable rental units over five years.

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Sterling in Michigan revises 2019 earnings to reflect mortgage woes

10/07/20

The company, which recently completed an audit, set aside funds to cover issues tied with a lending program it discontinued last year. The move cleared the way for Sterling to file an overdue annual report with the Securities and Exchange Commission.

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