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Banks, appraisers assail NCUA rule as 'bad public policy'

07/18/19

The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million.

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HomeStreet to buy out its loudest critic

07/11/19

The activist investor Blue Lion Capital, which had pushed for HomeStreet's sale, is selling all of its stock to the Seattle company.

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Lending to nonbank lenders is growing — maybe too much

07/05/19

Loans to other financial firms have soared in recent years, and many are going to private equity or business development firms that then use the funds to make leveraged loans. Should regulators be worried?

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A CDFI's digital ambitions

07/05/19

Quontic Bank CEO Steven Schnall wants to turbocharge deposit growth by mimicking the strategies of big digital banks so his community development financial institution can become a much larger mortgage lender.

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Manafort pleads not guilty to New York mortgage fraud charges

06/27/19

Former Trump campaign chairman Paul Manafort pleaded not guilty in a New York mortgage fraud case — state charges that are beyond the reach of a presidential pardon.

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HomeStreet prevails in battle with activist investor

06/21/19

All of the Seattle company's directors, including CEO Mark Mason, were backed by shareholders despite a challenge by Blue Lion Partners.

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Flagstar discloses exposure to $69M commercial loan

05/13/19

The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.

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Did JPMorgan just tip its hand on a succession plan?

04/17/19

Marianne Lake, seen in recent months as a leading candidate to replace CEO Jamie Dimon, got the post she may have needed to round out her resume — consumer lending chief. And Jennifer Piepszak, another rising star at the company, will take over as CFO from Lake.

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FB Financial in Tenn. to exit wholesale mortgage lending

04/01/19

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.

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Michigan bank expands mortgage operations with asset purchase

03/23/19

University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.

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