Mortgage Blog

Tipp City’s many community advocates come from varied backgrounds, but their unifying factor has been a love of this Miami County town.

Few towns of this size have a foundation dedicated to their growth as is the Tipp City Foundation.

Founded in 1943 to see to the varied, evolving needs of the city, the foundation and its funds are components of the Troy Foundation, but has a locally administered board that directs its activities.

“Our board is able to draw from the needs of the community…

Wells Fargo & Co. (NYSE: WFC) agreed to pay a $65 million settlement on Monday for fraudulent statements to investors.

The penalty stems from Wells Fargo's cross-selling business, in which employees sell new products or services to existing customers. New York Attorney General Barbara Underwood says the bank failed to disclose to investors that its strong cross-selling efforts were driven by fraudulent sales practices, such as opening millions of fake deposit and credit card accounts without…

Charlie Chandler, chairman, president and CEO of Wichita-based bank holding company Intrust Financial Corp., has been chosen as the 2018 Kansas State University College of Business Administration Distinguished Business Leader.

He is also the chairman and CEO of Intrust Bank, which has four branch offices in the Kansas City area — all on the Kansas side — with $181.2 million in local deposits as of June 30. In addition to his career at Intrust, Chandler is a member of the board of directors…

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…