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Lenders are working to meet affordable housing needs by extending mortgages to borrowers with a broader range of credit scores and offering loans with lower down payments. But there's still more work to be done, according to Fannie Mae's Jeffery Hayward and Anne McCulloch.
July 22
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Fueled by strong growth in commercial real estate and specialty lending, Signature Bank in New York reported another record profit for the quarter that ended June 30.
July 22 -
Synovus Financial in Columbus, Ga., reported a rise in quarterly earnings after booking more loans and lowering credit costs.
July 22 -
Astoria Financial in Lake Success, N.Y., has agreed to sell certain nonperforming loans to Credit Suisse at a nearly $9 million loss.
July 22 -
CIT Group, the commercial lender led by John A. Thain, agreed to buy OneWest Bank parent IMB Holdco for $3.4 billion, attaching a regional bank to a national loan platform in an effort to boost profit.
July 22 -
Between the proposed virtual currency regulations in New York and those already established in Texas, the future of Bitcoin would be brighter if more states follow the Lone Star State's example, says Jacob Farber, senior counsel for Perkins Coie LLP.
July 22 -
BancorpSouth has delayed the closing of two bank acquisitions after regulators took issue with the Tupelo, Miss., company's compliance programs.
July 22 -
Washington Trust in Westerly, R.I., rode gains in its lending portfolio and lower operating expenses to a higher second-quarter profit.
July 21 -
Cardtronics Inc. is set to buy Welch ATM for $160 million, expanding the ATM provider with an additional 26,000 kiosks.
July 21 -
Advocates blame the securitization-financed, institutional-scale landlords for astronomical rents and poor maintenance and call for Congressional hearings and government oversight.
July 21
