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After a booming 2020, more mortgage lenders than ever before expect diminishing margins in the coming months as climbing interest rates set up heightened competition.
March 11
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Citigroup restated fourth-quarter results after writing down a portion of a loan to Revlon it now owns after losing a court battle.
March 1
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The newly public digital mortgage giant is relying on a diverse set of loan channels to take on competitors in an increasingly crowded field, CEO Anthony Hsieh said in an earnings call this week.
February 18
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While its net income declined annually for the second consecutive year, CEO Hugh Frater touted Fannie Mae’s resiliency in a record year for providing mortgage liquidity.
February 12
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The company purchased $1.1 trillion of single-family mortgages and $83 billion of multifamily loans during 2020.
February 11
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Environmental, social and governance issues topped the list of risk managers’ concerns in a Deloitte poll .
February 2
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AMC and American Airlines took advantage of surprise stock-price surges to cash out shares and raise liquidity for possible debt reduction — a massive stroke of good fortune for the companies as well as their creditors.
February 1
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Federal relief efforts have minimized loan losses so far, but risks remain in credit card, auto and business lending. Many borrowers will need another lifeline to stay afloat until the economy rebounds, CEO Jamie Dimon says.
January 15
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Energy, retail and consumer services companies led a total of 244 filings, according to data compiled by Bloomberg.
January 5
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The Georgia runoffs and resulting balance of power in Congress will help determine which bills on bankers’ wish list gain traction. But regardless, existing coronavirus relief such as the Paycheck Protection Program and a push for more economic aid will remain top of mind for lawmakers and the industry.
January 4
