Industries

Traditional partnerships with lenders have been eroded by compliance strains and new incentives to control more of the homebuying transaction.

Oil prices are dropping again, but some lenders think now is the time to recommit to energy lending as long as they underwrite them a certain way for certain borrowers in certain regions.

MidSouth Bancorp in Louisiana, which faces a formal order from its regulators, will cut jobs, close branches and slash its dividend as it works to reduce its energy exposure.

Despite the hype around self-driving cars and ride-hailing services, the automotive landscape remains much the same as ever. One thing that may be changing rapidly, however, is the way consumers buy their cars.

The Louisiana company's board has made it clear that independence is "not a God-given right" and wants new management to address energy loan issues, underwriting, capital and expenses.

A new tariff on Canadian lumber threatens to further disrupt homebuilding at a time when lenders are increasingly concerned about a purchase mortgage resurgence that has failed to materialize.

Aggressive restructuring moves and stock buybacks are giving CIT time to remold itself, but it will need to show core-banking growth to stave off calls for the company to sell itself.

The 'revolution' in auto financing, communication tips and the keys to member engagement were all topics of focus during the second day of CU Direct's annual DRIVE conference in Las Vegas.

As the annual DRIVE conference kicked off in Las Vegas, credit union leaders gathered for wide-ranging discussions on the future of auto lending.

Bay Area CU launches Business Banking Division to increase, diversify loan portfolio.

Bank of the West is using alternative data and the international expertise of its parent company to tap into the lucrative but difficult to underwrite market of middle- and upper-class immigrant mortgage borrowers.

This is a good time for bank risk managers and bank regulatory examiners to evaluate the effects of a deepening retail crisis on the financial services sector.

The time needed to close a mortgage improved nine days since the start of the year as the market has shifted to doing more purchase loans.

Construction lending could make a comeback if bankers persuade Congress to reform capital and other complicated rules on so-called high volatility CRE loans. But will regulators go for it?

FHFA Director Mel Watt warned Thursday that to prevent a potential draw on the Treasury Department by the government-sponsored enterprises, he is willing to act unilaterally to rebuild capital at Fannie and Freddie.

Stonegate Bank in Florida figured its balance sheet was too small and undiversified to stay independent. But it was choosy in approaching potential buyers and aggressively scrutinized the lead bidder’s loan book.

Banks are increasingly tightening lending standards for commercial real estate loans and are likewise seeing a drop-off in demand, according to a report released Monday by the Federal Reserve Board.

BluCurrent CU began exploring video banking four years ago, but after a rocky start and reworking the platform, the credit union has seen strong results across demographic lines.

The Louisiana company also said that credit quality in its energy portfolio improved during the first quarter.

The Sun Belt lender also increased fee income and kept expenses down in the first quarter.