Kindred Home Loans will serve buyers of properties in Dallas and San Antonio markets.

The partnership will expand UHM reach to new markets in Florida, Michigan, Ohio, North Carolina and California.

The firm said it would still originate and service loans out of the office where the cost-cutting measures will occur.

Dicier credit conditions, recession fears and tougher regulatory scrutiny combined to weaken merger activity in 2022. A push for scale is bound to resume when interest rates level off — at least among smaller banks, analysts say.

In a new survey, executives at banks and credit unions registered the highest level of anxiety about a forthcoming data-collection rule in small-business lending.

The uptick in the 60-day-plus metric could reverse the bulk of the decline that occurred between 2019 and 2021.

A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.

The deal will close for $10 million in cash, plus the right to purchase nearly 33.9 million shares of common stock.

Bank of America is slowing hiring as fewer employees leave in an attempt to manage the company's headcount ahead of a possible U.S. recession, Chief Executive Brian Moynihan said.

Both Canadian banks are awaiting green lights from regulators for their pending acquisitions of U.S. banks. "We don't control the timing of all the regulatory approvals," TD's chief executive said Thursday.

Amid scuttlebutt, the Atlanta company is mum on buyer, which is rumored to be CrossCountry Mortgage.

The company is floating the possibility of selling a portion of its loan portfolio to free up liquidity in coming months, leaders said.

USAlliance Federal Credit Union in Rye, New York, has agreed to merge with Marriott Employees' Federal Credit Union in Bethesda, Maryland, to create a nearly $3 billion-asset organization.

The acquisition, which was originally expected to close at the end of last year, ultimately took more than 18 months to receive regulatory approval. It is now expected to close on Dec. 1.

The firms trimming payroll include lenders, a mortgage insurance giant, an iBuyer and an online notarization software provider.

That amount of consolidation would be a leap from the previous three-decade high of 33 in 2018, according to Stratmor.

New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.

Michelle Seitz tells attendees at American Banker's Women in Banking NEXT awards to take advantage of the networking and mentoring available to them that she didn't have access to at the start of her own career.

Collins Community Credit Union in Cedar Rapids, Iowa, said Monday that it laid off 38 employees, primarily in its mortgage lending division. In September, GreenState Credit Union in North Liberty, Iowa, cut 42 employees, or about 5% of its workforce.

The addition of investment bank Capstone Partners and the wider geographic footprint that resulted from the acquisition of TCF Financial helped drive a 58% increase in net income during the third quarter.