mortgages

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.

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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.

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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%.

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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.

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Capital City in Florida to buy majority stake in mortgage lender

12/12/19

The company will significantly boost its origination volume after buying 51% of BrandMortgage.

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Sterling in Michigan suspends mortgage program

12/09/19

The company will hold off on making loans under the Advantage Loan program as it conducts an audit and implements new policies and procedures.

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RBC's profits fall amid tough times for investment banking

12/04/19

The decline in revenue from capital markets undercut gains in consumer banking and pushed fiscal fourth-quarter earnings below analysts’ expectations.

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An internet banking pioneer’s view from the catbird seat

11/26/19

David Becker, who founded First Internet Bank two decades ago, says traditional banks' digital-only ventures are only making his bank look more mainstream.

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Will banks be swept into CFPB's debt-collection rule?

11/25/19

Lenders contend the proposal goes beyond policing third-party debt collectors and could expose banks to enforcement actions and lawsuits.

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NCUA follows bank regulators’ lead on home appraisals

11/21/19

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

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