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Tight margins, regulatory clarity and a renewed appetite to expand have made mortgage brokers and the wholesale channel attractive again, at least to the small and medium mortgage lenders.
March 8
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Royal Bank of Scotland Group has agreed to pay $500 million to the state of New York after a $5.5B agreement last year with the FHA, and another probe is pending.
March 6
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Two groups have announced plans to open banks in the state, and several others have had talks with regulators. Is there room for more?
March 6
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Sterling would gain $458 million in loans and an origination platform by acquiring Advantage Funding Management.
March 6
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OP Bancorp in Los Angeles aims to raise $20 million to fund organic growth and acquisitions.
March 6
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Spirit Community Bank would be based in Statesville, a community about 45 miles north of Charlotte. A separate set of organizers has already shared plans to open a bank east of Charlotte.
March 5
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Parkway Acquisition in Virginia has agreed to buy Great State Bank for nearly $15 million.
March 2
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The nonprofit is turning to banks and social impact investors to help significantly increase the size of its loan portfolio over five years.
March 1
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LendingClub, Marlette and others are looking at additional changes to both their securitization and whole-loan-sale programs that could further broaden their investor bases.
March 1
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From investor angst to regulatory scrutiny, here's a look at three obstacles that must be addressed before Ocwen Financial can acquire PHH Mortgage.
March 1
