Scott Kavanaugh, CEO of First Foundation Bank in Irvine, Calif., talks about running a startup bank during the financial crisis. The drought in de novos will likely continue because of high compliance costs, he said.
7 Wild Cards in the Value of Mortgage Servicing Rights
No two mortgage servicing rights portfolios look the same, and buyers have strong opinions about the kinds of deals they want to do. Here are some factors that can swing MSR transaction values, according to Matt Maurer, managing director at MountainView Capital Holdings.
What Big Banks Are Giving to Presidential Candidates
The 2016 presidential race is shaping up to be the most expensive ever held. Following are the top financial-services donors, including employees, their immediate family members, and political action committee contributions, to each major presidential candidate (sorry Jim Gilmore). Data as of Sept. 30, 2015, all data based on Federal Election Commission filings compiled and analyzed by the Center for Responsive Politics.
Banks hardly ever refinance student loans, but Citizens Financial consumer finance head Brendan Coughlin said refis have become a cornerstone for his bank and that they've got the niche all to themselves.
Brayden McCarthy and Jared Hecht of Fundera argue that the Small Business Borrowers' Bill of Rights, a self-regulatory document written by online small-business lenders, should serve as a template for future government regulation of the sector.