Blend hires ex-Fannie CEO Mayopoulos as president

01/22/19

Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae’s CEO.

[more]

Branch deal, higher rates boost Flagstar's 4Q profit

01/22/19

The low-cost deposits it gained in its purchase of 52 Wells Fargo branches, combined with higher interest rates, lifted Flagstar's net interest margin.

[more]

Citi's Corbat not counting out struggling European rivals

01/22/19

"I don't and I never would discount the European banks," Citigroup Chief Executive Officer Michael Corbat said in an interview at the World Economic Forum in Davos. "Don't overestimate the U.S. banks' position, and don't underestimate the European banks' position."

[more]

BofA's Moynihan predicts another round of U.S. bank mergers

01/22/19

Bank of America Chief Executive Officer Brian Moynihan predicted another round of consolidation in the U.S. that could lead to the emergence of a new competitor.

[more]

Are fintechs better off taking the ILC route to banking?

01/21/19

The industrial loan company charter is getting more attention as doubts grow about a new federal license for fintechs.

[more]

Startups take on stress-testing tech

01/20/19

Fintechs are developing data-crunching, automated products that seek to help banks precisely calibrate capital levels. The banks' goal is to pass stress tests while maximizing returns to investors.

[more]

Fannie-Freddie soar on FHFA chief's conservatorship comment

01/18/19

Fannie Mae and Freddie Mac shares soared Friday amid fresh reports that the Trump administration is working on proposal that would recommend freeing the mortgage-finance giants from government control.

[more]

Battle for deposits is ‘a steel-cage match’

01/18/19

Loan demand is finally picking up after several lackluster quarters. Banks' big challenge is finding cheap deposits to fund all those new loans.

[more]

CFPB's payday rule revamp, Fiserv-First Data deal, shutdown impact: Top stories of the week

01/18/19

CFPB to scrap key underwriting portion of payday rule; Fiserv-First Data — why small banks fear big fintech; banks, credit unions help federal workers hurt by shutdown; and more from this week's most-read stories.

[more]

Navient seeks to narrow CFPB’s student loan servicing lawsuit

01/18/19

The company has filed a request with a federal judge in Pennsylvania for a summary judgment in two counts against it, accusing the bureau of failing to provide evidence.

[more]