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Home loans accounted for the bulk of the industry’s lending gains in 2020, but inventory shortages in some markets and an uneven economic recovery may dim prospects this year.
February 9
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While loan performance is improving in aggregate, some borrowers remained unaware of the relief available or were unable to access it, according to the Research Institute for Housing America.
February 8
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First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks.
February 5
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Bank of America pledged to add $10 billion to an affordable homeownership program through 2025, tripling its initial commitment.
February 3 -
The company also reported a large fourth-quarter loss that reflected a significant increase in its loan-loss provision.
February 1 -
On Sep. 30, 2020. Dollars in thousands.
February 1 -
On Sep. 30, 2020. Dollars in thousands.
February 1 -
Though the pandemic recession has driven up the delinquency rate on Federal Housing Administration loans, the president's appointees are widely expected to reduce mortgage insurance premiums by at least 25 basis points to make home loans less expensive.
January 28
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The company is exploring a range of options to diversify its balance sheet, but new CEO Thomas Cangemi says the best plan of attack is to merge with or acquire another institution.
January 27
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Amerant Mortgage includes several former bankers from City National Bank of Florida in Miami.
January 26
