North, South Memphis hit hard by reverse mortgage foreclosures

North, South Memphis hit hard by reverse mortgage foreclosures

Majority African-American communities in North and South Memphis saw more than 130 foreclosures result from reverse mortgage loans in recent
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ServisFirst Bank Announces Expansion into Southwest Florida

“We are excited to add this group of talented bankers to the ServisFirst Bank team. Their track record and deep involvement in the community will help
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Guaranteed Rate Companies Has Milestone Month; Breaks Seven Company Records in May

CHICAGO, June 17, 2019 /PRNewswire/ — Guaranteed Rate Companies, one of the largest retail mortgage lenders in the nation, announces it has
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Lloyds launches a banking app to view current accounts, savings and credit cards all in one place

Lloyds Banking Group has launched an app feature that allows customers to view their current accounts, savings and credit cards all in one place
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Home prices stable across the country

Moderate price growth was seen in both new and pre-occupied housing markets across all-tiered Chinese cities in May, indicating prevailing stability,
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Deutsche Bank's Latest Restructuring Plan Fails To Impress

Since the failure of merger talks with Commerzbank, there has been speculation that Deutsche Bank would embark on a major restructuring in the
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Quicken Loans' $32.5 million payment far from largest for federal mortgage fraud lawsuits

CLEVELAND, Ohio — The $32.5 million payment that Quicken Loans agreed to in order to settle a lawsuit alleging mortgage fraud is far from the
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Grasshopper Bank has a Commercial Banking Model that Could Disrupt the Market

Grasshopper Bank N.A. is a new player in North America focused on venture banking, lending to high growth entrepreneurial companies focused
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Gov. Whitmer signs letter in support of marijuana banking regulations

Gov. Gretchen Whitmer has signed a bipartisan letter calling for the passage of the Secure and Fair Enforcement (SAFE) Banking Act, which would
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Live Well Creditors Act to Force Company Into Bankruptcy

According to separate documents in the court filing, Flagstar engaged in a Mortgage Warehousing Loan and Security Agreement in November 2016,
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May Uptick in Builder Confidence Proves Fleeting

The National Association of Home Builders' (NAHB's) measure of builder confidence broke out of its multi-month slump in May, rising 3 points. Much of
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Conviction In Westchester-Based Mortgage Elimination Scam

The Terra Foundation promised to help people having trouble paying their mortgage, for a fee. The mortgages only looked like they were gone.
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Tom Izzo, Dylan Larkin among players in Rocket Mortgage Classic Celebrity Challenge

Detroit — Michigan State basketball coach Tom Izzo, Red Wings star Dylan Larkin and musician Kid Rock are among the those who will participate in
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Entrepreneurship, technology focus of Techstars Startup Week

Techstars Startup Week is presented by Detroit-based mortgage lender … Loans Detroit Demo Day, which kicked off Techstars Startup Week Detroit.
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RE/MAX: Homes Sales Up for First Time in Nine Months

Home sales in May reversed a nine-month streak of year-over-year declines, albeit by a very slender margin, according to new data released by
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BLOCKCHAIN IN BANKING: An inside look at four banks' early blockchain successes and failures

In The Blockchain in Banking Report, Business Insider Intelligence explores early blockchain successes and failures at four major banks, identifies the
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Governor Whitmer backs federal overhaul to marijuana banking

Whitmer added her signature to a letter signed by 19 governors calling on Congress to pass the Secure and Fair Enforcement (SAFE) Banking Act.
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First Merchants Settles Discrimination Charges With Feds

The locations will be staffed with at least one full-time residential loan officer who is fully trained in all aspects of home mortgage and home equity
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Realogy Shows Its Colors for Pride Month

Realogy Holdings Corp. is showing its commitment to the annual Pride Month observances by changing its logo on social media to represent the
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HFA loan volumes double, but lack of inventory limits growth potential

Housing finance agencies reported increased demand for their loan products, but at the same time the inventory shortage constrains activity and
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