Multifamily

The Delaware company, best known for issuing prepaid cards, has ramped up commercial real estate securitizations. The shift promises to deliver big fees, but it could also cause headaches if defaults spike.

The New York bank has recruited a dozen commercial lenders from PacWest, Wells Fargo and other rivals, continuing its shift away from its historic reliance on multifamily lending.

The bipartisan proposal aims to renew banks' interest in low-income housing tax credits and bring more lower-priced homes to markets that badly need them.

New York's sweeping rewrite of rent stabilization laws could pose a credit risk to lenders that finance capital improvements to regulated apartment properties, according to a report Monday by Fitch Ratings.

Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them.

The agency's pilot program, designed to streamline mortgage insurance applications associated with the Low-Income Housing Tax Credit program, will now include applications for new construction and substantial rehabilitation.

Assets increased 6% in 2018 to nearly $52 billion as loan originations surged and the company redeployed $2 billion of cash into higher-yielding securities.

The surge in new lending at the Pasadena, Calif., company offset rising deposit costs and sluggish fee-income growth.

The San Francisco company's quarterly earnings also reflected higher wealth management revenue.

The Federal Housing Administration's risk-sharing program with the Federal Financing Bank began as a temporary fix, but the agency is exploring how to make it more permanent.