Citizens Financial Group reported a 29% increase in quarterly profit Friday, supported by higher interest income and growing loan balances, while mortgage banking fees remained a weak spot in the bank’s revenue mix. The Providence-based company earned $636...
Commercial mortgage REIT Ladder Capital put more than $700 million into new loans and securities during the third quarter, an expansion that came as a profitable office-property sale supplied a substantial lift to reported earnings. The New York lender reported $67.3...
Truist Financial took a $1.447 billion pretax loss on the sale of available-for-sale securities in the third quarter and signed an agreement to sell $7.7 billion of unsecured consumer loans to Carlyle. The moves are part of a restructuring that changes the...
Beazer Homes shareholders have approved the company’s sale to Dream Finders Homes, clearing a major remaining hurdle in a $2.2 billion homebuilder acquisition that the buyer now expects to close Tuesday, October 20.Dream Finders announced the result Thursday...
Regions Financial’s mortgage income fell nearly 16% from a year earlier even as the Birmingham-based bank increased its investor real estate loan book by more than $1.1 billion, a divergence that reflects the uneven effect of high borrowing costs on different...
Bankruptcy Courts Issue Emergency Orders as Cyberattack Halts Creditor Noti…
