While the average 30-year fixed mortgage rate—which hit 7.06% today—has come off last week’s 22-year high of 7.49%, housing affordability still remains pressurized. And that spells bad news for mortgage lenders. “If we’re looking at […]
Private equity firm to buy Subway Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management that could help the sandwich chain expand and improve its […]
Brett Baumeister Senior Vice President – Commercial Lending Western Region MIDDLEFIELD, Ohio, Aug. 22, 2023 (GLOBE NEWSWIRE) — The Middlefield Banking Company, a wholly owned subsidiary of Middlefield Banc Corp. (NASDAQ: MBCN), today announced the […]
The top mortgage lender on the Inc. 5000 list was VA Wholesale Mortgage, which specializes in offering home loans to veterans and active duty military members. Founded in 2019, the Virginia-based lender saw a 2,230% […]
The Federal Deposit Insurance Corp. issued its annual risk report Monday, highlighting risks in commercial real estate, nonbank lending and cybersecurity as leading sources of instability for the banking system. The report also noted cryptocurrency […]
Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy FILE – A solar farm is seen west […]
![Banks expect to tighten loan standards for rest of 2023: Fed [Video]](https://s.yimg.com/ny/api/res/1.2/f4o7gfIRLwmHsK0Xc42t2Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03MzQ-/https://media.zenfs.com/en/aol_yahoo_finance_433/86efb8d3d4a046154477b1d6a3485036 "Banks expect to tighten loan standards for rest of 2023: Fed [Video]")
Banks tightened their lending standards for businesses and households in the second quarter and expect that to continue for the rest of 2023, according to a survey of loan officers conducted by the Federal Reserve. […]
As interest rates rise and growth slows for commercial lenders, investment in the back office is back with a vengeance. That’s great news for loan servicing operations, which look set to benefit in more ways […]
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