Goldman Sachs said in a statement that the bank "had no advance knowledge of any of the facilities the Fed announced and assumed risk when we bought securities from clients during this period.”
Read More »Investment Update: The Bright Spots in Bank Performance
Despite some big banks showing some growth in the past five days, even the top performers have seen their market cap decline drastically.
Read More »Expanding Non-Bank Mortgage Institutions and REITs
Regulators are considered allowing further growth in non-bank mortgage institutions and real-estate investment trusts. Here’s why.
Read More »New Regional Office Announced for National Mortgage Lender
Planet Home Lending, LLC, a national mortgage lender and servicer, opened a regional office in Irving, Texas. As the company's first Regional Operating Center (ROC), the 25,000-square-foot facility accommodates about 130 employees, and offers space to expand to house ...
Read More »The “Potential Concerns” Troubling Wells Fargo
In its latest SEC Filing, the bank gave an update of its progress on the Federal Reserve Bank consent order and its remediation strategy for issues the bank had reported earlier. But one area of concern still remains.
Read More »Growth in Loans Drive BofA Revenue
Bank of America reported a solid third-quarter growth on Monday driven by growth in its overall loans. Click through to learn how residential mortgages and home equity performed during the quarter.
Read More »North Dallas Bank Trust Unveils New Brand
North Dallas Bank & Trust Co. (NDBT), a Fort Worth, Texas-based community bank with five banking centers across North Texas, unveiled its new brand, capturing its 57-year, legacy, and contemporary, personalized service. NDBT collaborated with Fort Worth-based advertising agency PAVLOV to ...
Read More »Making Assignments in the Dark
The chain of title is the guy-wire that holds the home finance industry upright. Without some method to determine who owns a given parcel of real estate, it cannot be used as collateral for a loan. In cases where these loans go into default, a clear title is essential for a smooth foreclosure and REO process. Unfortunately, problems arise that cloud the title, increasing loss severity for investors.
Read More »