mortgages

Don’t get too comfortable with the ‘pause’ in subprime lending

08/16/17

Auto, personal and credit card originations have fallen as delinquencies have risen, but researchers called the slowdown a temporary rebalancing by lenders.

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Wells gets new chair; household debt at new high

08/16/17

As expected, the bank elevates its vice chairman, former Federal Reserve Governor Elizabeth Duke, to the top spot; credit card delinquency rates rise along with balances.

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Credit card delinquencies: A fair price for growth, or bad sign?

08/15/17

Balances 90 days past due are noticeably higher in 2017, new N.Y. Fed data shows. Though the trend has a lot to do with positives like economic expansion and easier access to credit, officials said it deserves careful attention.

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With bank subpoenas, Mueller is said to turn up heat on Manafort

08/10/17

Special counsel Robert Mueller is said to be drawing on ongoing investigations, including one by federal prosecutors into whether former Trump campaign manager Paul Manafort laundered money from eastern Europe into New York properties.

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Wells Fargo settles with U.S. government over loans to veterans

08/04/17

Wells Fargo & Co. settled an 11-year-old lawsuit with the U.S. government that claimed the lender overcharged veterans under a federal mortgage-refinancing program.

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Behind HSBC’s U.S. retail banking turnaround

08/04/17

The global bank’s U.S. unit has bounced back, aided by growth in deposits and wealth management profits as well as a focus on international customers. A $125 million investment in tech and branches hasn’t hurt either.

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The trade-offs in a N.J. bank's out-of-state expansion plan

07/27/17

Valley National's latest acquisition would make it a much bigger player in Florida and provide a platform to write more auto loans. Both markets present attractive returns but high risks.

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New York Community's 2Q profit declines as net interest margin shrinks

07/26/17

The Westbury, N.Y., company reported a 15% drop in earnings despite recording a large gain on the sale of some securities.

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Zions’ 2Q profit climbs 47% on loan growth, rate hikes

07/25/17

The Salt Lake City company also benefited from increases in investment securities and several large loan recoveries during the quarter.

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Flagstar profit off 13% as fee income falls

07/25/17

The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses.

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