Industry News
Industry News
-  The failures of Signature Bank and Silicon Valley Bank have already rocked mortgage rates but aren't expected to rattle lines of credit provided by depositories, home lenders say. March 17
-  Other mortgage players this week have distanced themselves from the banking chaos with statements disclosing that they had no relationships with the failed companies. March 15
-  Financial terms were undisclosed for the most recent acquisition. February 28
-  After months of speculation, Truist Financial has agreed to sell 20% of its insurance brokerage subsidiary to the private-equity firm Stone Point Capital for $1.95 billion. The deal was touted as a way to provide capital for expansion and increase earnings over time. February 16
-  Credit unions like to boast that they offer lower rates than banks, but many are bucking that trend to boost liquidity and offset other costs. February 14
-  In a speech on the central bank's regulatory agenda for the year, Federal Reserve Board Gov. Michelle Bowman said the merger-and-acquisition review process could benefit from added transparency. February 13
-  The two banks are now targeting May 27, three months later than their previous goal. The transaction, which would create a top-six U.S. bank by asset size, was originally expected to be completed last fall. February 10
-  The bank was already mulling headcount and compensation reductions in early September. February 9
-  The company's mortgage operations posted a $24 million pretax profit thanks to servicing, while loan production saw a loss. February 8
-  This year likely won't match 2022's heights, but executives expect loan growth to remain solid. February 7
-  Truist Financial eliminated about 5% of its investment banking division amid uncertainty surrounding the dealmaking environment, according to people with knowledge with the matter. February 7
-  Fourth Capital Bank's collaboration with the megalender is made possible through a partnership with Q2 Holdings. February 1
-  Indexes show heightened expectations for a recession and souring loans. But executives are upbeat about middle-market businesses and overall job growth. January 30
-  The loan-growth projections are for Columbia Banking System itself, before the Tacoma, Washington, bank officially merges with Umpqua Holdings. The $5 billion deal is scheduled to close Feb. 28. January 24
-  The layoff round, which a spokesperson said represents "less than one quarter of one percent of the roles in the company," comes after Rocket announced a 20-person reduction in the marketing team in early January. January 23
-  The Pittsburgh bank posted a solid profit and said that it expects continued loan growth. But the pace of business expansion could slow alongside an economic downturn. January 18
-  The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter. January 12
-  Northpoint's description of insider wrongdoing as cause for its November security leak is a rare admission of the type of cyberattack a mortgage firm has suffered. January 10
-  The Arizona-based lender has been in business for 35 years and has branches in over 20 states. January 6
-  She led two mortgage companies in a male dominated industry, and most recently was CEO of risk management firm Dytrix. January 3


















