mortgages

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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Fannie, Freddie are irrelevant to a government-backed mortgage system

07/25/17

Policymakers should differentiate between housing finance-related issues of real importance to the greater public interest, and those that concern only special interests.

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Bank of Hawaii beats estimates as loan demand surges

07/24/17

Double-digit growth in loan volume offset a decline in fee income at the Honolulu company.

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Regionals find new growth levers to pull in consumer banking

07/21/17

Auto risks mounting. Mortgage market tightening. Are there any good risks these days in consumer lending? Regional bank executives insist partnerships with online lenders, unsecured personal loans and other niche efforts can work if done properly.

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The reason small lenders are leery of GSE reform

07/21/17

From the small lender’s perspective, most of the various GSE reform proposals that have been offered are designed to advance the interests of the big banks.

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