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Ally Financial Renews $11.5 Billion in Credit Facilities
Ally Financial and at its banking subsidiary have completed the renewal of $11.5 billion in secured credit facilities intended to fund its automobile lending and leasing in the United States.
3/12/2014 5:15:00 PM
Details Emerge on Johnson-Crapo's Mortgage Co-Op
WASHINGTON -- Senate Banking Committee leaders are proposing to capitalize a new mortgage cooperative with a government loan to ensure small and even regional lenders can sell their loans for cash.
3/12/2014 4:57:00 PM
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Commercial, Multifamily Mortgage Debt Hits Record
Commercial and multifamily mortgage debt outstanding reached a record high during the fourth quarter, erasing the declines caused by the recession.
3/12/2014 4:23:00 PM
The New York Times - Business
Senators Draft Housing Finance Overhaul
The plan, from the Democratic chairman and top Republican on the Banking Committee, will seek to make future taxpayer bailouts less likely.
3/12/2014 11:00:37 AM
Small Banks Get One More Place to Farm Out Mortgage Lending
FBC Mortgage, a unit of the investment bank Sterne Agee Group, is seeking loan referral partnerships with community banks. In a recent deal it also hired HomeBanc's mortgage personnel.
3/11/2014 11:50:00 AM
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Home Prices Are Up - Fixed Mortgage Rates are Down: Industry News Roundup
Rates down to new record lows. Read more in the latest Industry News Roundup
Will Regulators Halt Eminent Domain Loan Seizures: Industry News Roundup
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