mortgages

Indictment of Manafort's banker reveals new details of loan scheme

05/23/19

Most notably, the charges indicate that Stephen Calk lied to banking regulators about what he knew when he approved loans to Paul Manafort, as well as about his interest in landing a job in the Trump administration. He faces one count of financial institution bribery.

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TD, Royal Bank defy Canadian housing slump with loan growth

05/23/19

The two lenders are bucking the trend for the overall industry, which saw year-over-year mortgage growth slide to a 17-year low in March, according to the Bank of Canada.

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Manafort banker charged with bribery in seeking Trump post

05/23/19

The charge against Chicago banker Stephen Calk grew out of Mueller’s investigation into Russian interference in the 2016 presidential election.

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Deutsche, UBS plan revival; Landlord charged with fraud

05/23/19

Christian Sewing ready to make "tough cutbacks" while UBS may need a new strategy; SEC says Robert C. Morgan misled banks with fake loan papers.

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PDL Community in New York to buy mortgage lender

05/22/19

The parent of Ponce Bank has agreed to acquire Mortgage World Bankers.

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NCUA appraisal plan is far from risky

05/20/19

The credit union regulator’s proposal to raise the appraisal threshold for nonresidential real estate loans won’t harm the economy or consumers, contrary to critics’ claims.

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Metro Bank shares post record gain as lender boosts capital

05/17/19

Vernon Hill's U.K. bank sold $479 million of new stock and issued fresh details about its turnaround efforts. Those included plans to cease its controversial practice of purchasing design and branding services from a business owned by Hill's wife.

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A ‘crisis of confidence’ at Vernon Hill’s U.K. bank

05/15/19

As Metro Bank’s problems mount, calls for Hill’s ouster as chairman are getting louder.

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What’s behind the rise in credit card delinquencies

05/14/19

It’s no coincidence that with more than half of consumers ages 20 to 29 now holding credit cards — up from 41% in 2012 — 90-day delinquency rates are at a seven-year high, according to the New York Fed.

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Banks, credit unions find common ground in electronic notary push

05/13/19

New legislation in Iowa that allows banks and credit unions to use electronic notaries could help local lenders compete with online competitors.

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