Mortgage Blog

Bank of America Corp. (NYSE:BAC) has pledged to stop lending to companies that provide military-style firearms for civilian use. Vice Chairman Anne Finucane spoke on the matter in an interview with Bloomberg on Tuesday.

“We want to contribute in any way we can to reduce these mass shootings,” Finucane said in the interview. “We do have a few manufacturers of military-style firearms. We're in discussions with them. We have let them know … it's not our intent to underwrite or finance military-style…

Maryland companies raised $406 million from venture capitalists in the first quarter of 2018, almost double what they raised the prior year.

There were 16 deals involving Maryland companies in the three-month period, according to the PwC/CB Insights MoneyTree Report released Wednesday. The number of deals was five fewer than during the same period a year ago and the same as in the fourth quarter. The total dollar amount was up 99 percent from $203.8 million a year ago and down 1.3 percent from $411.3…

Oakland Capital Partners, launched last year in Clayton, has made its first major purchase.

In the midst of college basketball’s March Madness, where seemingly no high-seeded team was safe from elimination, the Fifth Circuit Court of Appeals struck down what has come to be known as the Fiduciary Rule, the Obama-era regulation that more broadly defined when a person is acting as a fiduciary by reason of providing investment advice for a fee regarding the assets of a retirement plan, IRA and certain other investment arrangements.

Praised by investor advocates, and generally reviled by…

The move could be particularly beneficial for the Sacramento region, which is a relatively large market for Small Business Administration loans.

First Citizens Bank, which took over Guaranty Bank after federal regulators shut it down last spring, is planning to lay off at least 100 employees in the Milwaukee area in the coming months, according to a notice filed with the state's Department of Workforce Development on Monday.

Raleigh, N.C.-based First Citizens Bank, which mostly operates under the Guaranty Bank name in the Milwaukee area, clarified on Tuesday the staff reductions will impact corporate employees. At least 100 positions are…

The Maryland Attorney General's Office has barred the successor to the “Money Guys” from doing business in the state because of numerous securities violations, including engaging in “dishonest and unethical practices.”

Perry C. Santillo Jr. and his associated businesses — High Point Insurance Solutions and High Point Wealth Management — acquired Everest Wealth Management and Everest Investment Advisors last year after those firms and founder Philip Rousseaux were barred by the Attorney General's…

Employers, especially small business owners, are finding it difficult to hire the skilled workers they need — but it’s for a more positive reason than one might think.

About a quarter of small business owners feel it is harder to hire the talent they need now, as compared to six months ago, according to a survey of small- to mid-size business owners released Monday and conducted by PNC Financial Services Group Inc. (NYSE: PNC)

Bill Adams, vice president and senior international economist at…

MGIC Investment Corp. said Monday that it was reducing its borrower-paid mortgage insurance premium rates by an average of 11 percent, sending its stock price and those of its rivals tumbling downward.

Securities filings disclosed by Triangle Capital Corp. late Monday make it official: Once the Barings deal closes, both the Raleigh firm’s management team and its directors are resigning.