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Emerging Trends in Commercial Lending: A New Era of Opportunities Explore the latest trends in commercial lending, focusing on technology-driven solutions and the rise of sustainable finance. Learn about new opportunities for businesses and lenders.
Lending (1572)
Fed Outlines Plan to Tie Bank Reg Scrutiny to Risk
The Federal Reserve has proposed a framework that ties the degree of regulatory scrutiny to amount of risk exposure of a bank. The proposal would reduce compliance rules for firms with less risk but would increase for firms with greater risk. "The proposal would prescribe materially less stringent requirements on firms with less risk, while… Read more...
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Radian Q3 Reports New Written Insurance Dips, Earnings up 13%
Radian Group Inc. reported that new written mortgage insurance dropped 4% to $15.8 billion in the third quarter, from $16.4 billion in the second quarter of 2018. That’s an increase year over year of 4 percent ($15.1 billion). Of the $15.8 billion, borrower-paid originations accounted for 91 percent of total compared to 89 percent in… Read more...
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Black Knight's Software Solutions Revenue Up 7% in Q3
Black Knight Inc. reported that adjusted revenues from its software solutions increased 7% in the third quarter to $243.9 million, from $227.2 million in the same period a year earlier. The origination business rose 8%, while the servicing software business rose 7%. Black Knight delivers software, data and analytics to mortgage, real estate and capital… Read more...
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Ginnie Mae-NAFCU Discuss Housing Finance Reform
Senior officials of the National Association of Federally-Insured Credit Union and Ginnie Mae met this week to discuss housing finance challenges and credit union participation in Ginnie Mae programs—in anticipation of housing reform. The meeting between Dan Berger, president and CEO of NAFCU, and Michael Bright, acting president of Ginnie Mae, also covered the Association's … Read more...
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Stewart’s Title Income Unchanged, Head Count Down 8%
On the strength of a rise in per-file fee income for residential and commercial files, Stewart Information Services Corp. saw its title operating income hold steady. [caption id="attachment_7239" align="alignleft" width="150"] An increase in file fees helped Stewart's financial performance.[/caption] The domestic residential fee per file increased 10% to around $2,200, a result of the shift… Read more...
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Dodge Predicts: Construction Starts Unchanged in 2019
A research report predicts that value of U.S. construction starts will be even next year. Construction starts for 2019 are predicting to be $808 billion, unchanged with the $807 billion estimated for 2018, according to the Dodge Construction Outlook from Dodge Data and Analytics. “Over the past three years, the expansion for the U.S. construction… Read more...
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Investors Infuse Ribbon with Hefty $225M in Capital
Ribbon has raised $225 million, funding the mortgage technology startup’s national expansion. It received the funding from existing investors Bain Capital Ventures, Greylock, NFX and NYCA. Ribbon will be expanding into 10 new markets by the end of 2019 and has already expanded into Charlotte, Cary and Asheville, N.C., and recently into Fort Mill and… Read more...
Columbia Financial Reports Increased Income in Q3
Columbia Financial Inc. reported net income of $10.8 million, or $0.10 per basic and diluted share, for the three months ended Sept. 30, 2018, compared to net income of $1.5 million for the three months ended Sept. 30, 2017. The Sept. 30, 2018 quarterly earnings reflect increased tax expense of $2.2 million as a result… Read more...
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13% Delinquency Spike No Cause for Concern
Mortgage delinquencies reported a double-digit increase,13 percent, but it’s just a temporary blip, and delinquencies will continue to decline. “This is a blip, not a long-term trend. The industry is heading into a seasonal rise in the fall, and a drop in the spring. The increase was not credit driven,” said Andy Walden, director of… Read more...
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Fidelity Reports 3Q Revenue of $2.1B
Fidelity National Financial Inc. has reported total revenue of around $2.1 billion in the third quarter compared with $2.0 billion in the third quarter of 2017. And, over all, the third quarter average title fee per file was $2,623, an 11% increase compared to the third quarter of 2017. Fidelity National provides title insurance and… Read more...
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