Mortgage Blog

Tesla CEO and co-founder Elon Musk says he wants to take it private, but removing a company with a market value of about $55 billion from the public market is no easy task. Here's a closer look at the numbers.

Intuit Inc. CEO Brad Smith, 54, said he's stepping down from the Mountain View-based maker of TurboTax, Mint and QuickBooks after 11 years at the helm.

Executive Vice President Sasan Goodarzi will take over for Smith starting on Jan. 1, 2019.

Chief Technology Officer Tayloe Stansbury will also step down at the end of the year, and will be replaced by Marianna Tessel, who is currently senior vice president and chief product development officer on the company's Small Business and Self-Employed Group.

“I…

Hawaii’s largest banks announced early branch closures as Category 4 Hurricane Lane makes it way to the island chain.

On Thursday, Bank of Hawaii closed all of its Big Island branches, following a partial closure on Wednesday.

The state’s second-largest bank said all branches and in-store branches on Oahu closed at noon on Thursday and will remain closed on Friday.

The bank said its Kapolei call center would remain open until 4 p.m. and would reopen as soon as weather permits on Saturday.

Bank…

Wells Fargo Home Mortgage is cutting its Rancho Cordova mortgage loan division by 190 positions as part of a nationwide elimination of 683.

She was recently named the firm's director of wealth solutions and operations.

Elected officials in Winston-Salem and Forsyth County are deciding how much taxpayer money it's worth to keep National General Insurance Co. – a decision that could net the city 622 additional or cost it more than 1,200.

On Sept. 6, the Forsyth County Commissioners will hold a public hearing to decide whether to give the insurance giant $117,566 in incentives over five years.

According to a report in the Winston-Salem Journal, the Winston-Salem City Council voted this week to offer the company…

Dear Mr. Berko: Please explain convertible bonds. We're in our late 50s. We are not aggressive investors and own a $310,000 portfolio of stocks – mostly utilities and other income stocks – yielding 3 to 9 percent. A stockbroker tried to explain convertible bonds to us, but she just made it more confusing. Could you give us a simple explanation so we can have a clearer understanding? And could you recommend some convertible mutual funds to buy? We have about $21,000 to invest. – PB, Waterloo, Iowa

U.S. stocks hit a milestone Aug. 21 by extending their collective winning streak to 3,453 days, a run that qualifies as the nation's second — yes, second — longest stretch of gains since the Great Depression.

Contrary to media reports pegging the market's latest stretch as the longest bull market on record, the ongoing expansion actually ranks second behind only the 4,494-day streak recorded from October 1987 through March 2000. The current bull market officially commenced March 9, 2009, and…

The number of banks in Maryland keeps declining while the profits keep swelling.

Raymond James Bank ranks No. 66 among the more than 5,500 banks in the United States in terms of net income for the second quarter of 2018.

The bank posted $95.3 million in profit for the three months ended June 30, according to a second quarter 2018 report released Thursday morning by the Federal Deposit Insurance Corp.

It’s one of just two Florida banks that placed in the top 100 based on 2Q 2018 net income. BankUnited (NYSE: BKU), headquartered in Miami Lakes, was No. 64 with $95.8 million…