Mortgage Blog

Until now, Houston been relatively immune to discriminatory lending cases that emerged after the mortgage crisis.

The proposed de novo community bank in Monroe now has a leader at the helm.

On Tuesday afternoon, the Union County group named longtime banker W.R. “Randy” Adcock as its president and chief executive officer. The group of 12 leaders, headed up by True Homes USA CEO David Cuthbertson and former banking executive Randy Helton, announced their intent to open a de novo bank last month. De novo refers to a newly chartered bank formed from scratch.

“Randy Adcock was instrumental not only in…

Lakewood-based Solera National Bancorp, Inc. (OTC Pink:SLRK) said Tuesday that it is raising money from its current shareholders in a bid to continue its recent growth.

The bank holding company for Solera National Bank said it plans to raise $9.9 million from its shareholders and that the incremental capital will enable the bank to continue its growth trajectory and organic growth. The money also will allow the bank to “explore other growth opportunities as they arise,” accoriding to the bank's…

The board of the Urban Redevelopment Authority of Pittsburgh on Tuesday said it is poised to provide $100,000 toward the Next Act Fund LLC, which is focused on investing in early stage, women-led companies.

Next Act was launched in 2016 by Pittsburgh-based entrepreneur Yvonne Campos. She serves as president of the angel network for women who jointly invest in early stage companies owned or run by women.

Its direct investments include BoardBookIt, a software developer based in Pittsburgh’s Mount…

Charlotte-based LendingTree Inc. recently grew its credit card business by tens of millions of dollars in just one year, and CEO Doug Lebda is looking at ideas on how to continue the trend through 2018.

The headcount growth was “primarily within low-cost locations,” according to a securities filing.

Amazon.com Inc. is reportedly taking pitches from banks including JPMorgan Chase & Co. and Capital One Financial Corp. to launch a checking account product, according to the Wall Street Journal.

The early discussions center on building a product geared toward younger customers and those who don't have bank accounts, anonymous sources “familiar with the matter” told the newspaper.

It remains unclear what the product might look like, “including whether it would give customers the ability to write…

Pittsburgh-based PNC Bank has officially staked its claim in Music City.

Credit Union of America has an agreement in place to merge with Central Kansas Credit Union.

Members of both credit unions will have to approve the merger. Voting will conclude March 29. If approved, the merger is expected to close in June.

The merger would help Credit Union of America expand its footprint regionally. Central Kansas has a branch in Hutchinson and Pratt.

CUA intends to retain the Central Kansas employees at both locations.

Frank Shoffner, CUA’s CEO, was not immediately…

KC Mathews and Eric Kelley are pretty optimistic about the stock market, economic growth and even stability for 2018.

Mathews is chief investment officer and Kelley is research director for UMB Bank (Nasdaq: UMBF).

They even see upsides to the new federal tax cuts with a caveat that might impact jobs and your career.

Mathews and Kelley spoke about the economy, stocks and their expectations for the year at a recent meeting with investment clients and prospects that UMB hosted at the Phoenix Art…