Mortgage Blog

Easing regulations on local banks will free up more money for business lending.

If anyone has any doubts about the health of the LGBTQ business community in the Bay Area, they need only look to the breadth of success of the companies on our LGBTQ-owned businesses list.

This is the fourth year that the Business Times has put together its list of the Bay Area's top LGBTQ-owned businesses, but only the second time that the rankings have been determined by revenue.

To qualify for the list, companies have to be at least 51 percent lesbian, gay, bisexual and/or transgender owned…

The startup is looking for strategic partners and industrial office space for prototyping in the market.

A deep and prolonged recession in the United States could lead to $5.7 billion in loan losses at SunTrust Banks Inc., the bank's (NYSE: STI) latest annual stress test found.

SunTrust and other banks are required to conduct semi-annual stress tests under the Dodd-Frank Act in which they calculate what would happen under certain hypothetical economic scenarios.

SunTrust reported Thursday that in the most adverse hypothetical scenario — a deep and prolonged recession in the United States in which…

F.N.B. Corp. is expanding its presence in Charleston, S.C., with three new branches and a downtown regional hub.

Based in Pittsburgh, F.N.B. (NYSE:FNB) is the second-largest bank headquartered in Pennsylvania. It entered the Carolinas last year through the acquisition of Raleigh, N.C.-based Yadkin Financial, which gave it a very small presence in South Carolina.

“Our new locations in Charleston will enable us to better serve commercial and consumer clients in one of the southeast’s fastest-growing…

Bank of Hawaii said it is investing $100 million in new or renovated infrastructure.

The Business Times interviewed sources with their fingers on the pulse of the accounting world about what's new and important.

Moody’s on Wednesday upgraded the bond rating of Allegheny County for the first time in 18 years from A1 to Aa3.

Aa3 is Moody’s fourth-highest rating.

The upgrade affects about $908 million in general obligation debt, including a new $90 million forthcoming issuance. Moody’s said in a release that the reasons for the upgrade include the county’s large and growing tax base, improved financial position with satisfactory reserves and liquidity, and a slightly elevated debt burden that is expected…

Experts recommend saving six months’ worth of emergency expenses as a buffer against debt should an emergency occur, but just 29 percent of adults have that much in reserve, a new Bankrate survey finds.

Only 18 percent have three to five months' of emergency savings, while 23 percent say they have none at all, according to Bankrate. A quarter of both Millennials and Gen Xers have no savings, according to the survey.

Nonetheless, 62 percent of the 1,006 people surveyed between June 6 and June…

It's a lesson he learned early on in his career and it's been something he's always remembered.