Mortgage Blog

Citizens Bank is investing in its technology as it looks to grow the financial institution four years after going public.

Citizens Bank is the second largest bank in the Albany region by deposits. Bruce Van Saun, chairman and CEO of Citizens Financial Group, told the Albany Business Review in a recent interview that becoming more digital is one of the biggest challenges and focuses for 2019.

“Customers' expectations about what they want from their bank and how they want to access continues to…

Two former managers for the in-house investment office of Cook Children’s Health Care System have started a new venture capital firm based in Fort Worth aiming to raise up to $150 million, according to a filing.

A defense contractor, a new bank and a media company led fundraising this past week — get all the details on nearly $80 million being tracked.

SAIC first made overtures to Engility in February about joining forces, according to a new regulatory filing. Before long, Engility had multiple suitors offering escalating deal terms.

Maryland-based Navy Federal Credit Union has a new CEO — its longtime exec and chief operating officer since July, Mary McDuffie.

McDuffie, who has worked at Navy Federal since 1999, replaces Cutler Dawson, who is retiring from Navy Federal after 14 years. She officially takes the helm Jan. 18 of what's by far the country's largest credit union. She will be the first woman in the CEO role for Navy Federal.

She's stepping into the role during a massive growth spurt for Navy Federal. It has seen…

Dallas oil pipeline builder EnLink Midstream is the latest company to simplify its corporate structure through a merger announced Monday that will create a new $13 billion company.

The deal is part of a growing trend of companies, particularly in the oil and gas business, that are shedding their “master limited partnerships.” These complex structures that became popular in the 1980s pass along revenue from the corporation to investors in the publicly traded MLP with a significant tax break.

EnLink’s…

U.S. mortgage rates dropped slightly after their weeks-long climb, according to Freddie Mac.

The 30-year fixed mortgage averaged 4.85 percent for the week ending Oct. 18, down from 4.9 percent the previous week. A year ago, mortgage rates stood at 3.88 percent.

Favorable mortgage rates have helped drive U.S. home sales, as well as the refinance market.

Sam Khater, Freddie Mac’s chief economist, said after seven weeks of rising rates, mortgage rates had been at their highest level since the week…

Charlie Chandler, the chairman and chief executive officer of Intrust Bank and the chairman, president and chief executive officer of Intrust Financial Corporation, has been chosen as the 2018 Kansas State University College of Business Administration Distinguished Business Leader.

Established in 2001, the award recognizes alumni and friends of the College of Business Administration who have distinguished themselves from their peers in their chosen field, and who have consistently demonstrated…

The Atlanta Chapter of The Association for Corporate Growth has named Atlanta-based Intercontinental Exchange (NYSE: ICE) for the 2018 Deals of the Year Awards. The Deals of the Year Award recognizes outstanding transactions or IPOs completed from July 1, 2017 through June 30, 2018, that have had a major impact on business in Atlanta and the region.

ACG Atlanta will present the award on Nov. 13th at the Atlanta History Center following a keynote address by famed economist Ben Stein.

Intercontinental…

LeVeque Tower is getting a new tenant.

Financial services group Johnson Investment Counsel will relocate its Columbus offices to 4,600 square feet on the 11th floor of LeVeque, 50 W. Broad St. in February. Today, the group is based a few blocks away, on the 23rd floor of Chase Tower at 100 E. Broad St.

In a statement, Daniel Gusty, director and portfolio manager for Johnson Investment’s Columbus market, said the group wanted to be in an iconic building. The 420,000-square-foot LeVeque Tower,…