Home / News (page 1270)

News

Fifth Third Promotes Van Dyke to Lead Mortgage Operations

Van Dyke joined Fifth Third in 2001 through the company's acquisition of Old Kent Bank, where her duties included serving as SVP and manager of the Central U.S. Mortgage region and president of the Illinois bank. Since joining Fifth Third, she has served as regional president for the Michigan affiliates, also taking responsibility for the St. Louis, Indiana, and Ohio affiliates.

Read More »

Connecticut Housing Activity Slow, But Still Creeping Upward

A slight increase in single-family home sales in Connecticut for the month of July marked the fifth time in 2014 that single-family home sales increased year-over-year, according to a report released on Wednesday by the Warren Group, publisher of the Commercial Record. The 3,152 homes sold in Connecticut in July represented the highest total for any month since June 2010, when 3,400 homes were sold in the state, according to the Warren Group. July's total of 3,152 was an increase of less than 1 percent from June's home sales of 3,129 in Connecticut. Year-to-date, through the end of July, home sales in the state have fallen by 1.2 percent (from 14,230 down to 14,059).

Read More »

Morgan Stanley Settles MBS Suit for $95 Million

Morgan Stanley has agreed to pay $95 million to settle a lawsuit alleging that the New York City-based financial services giant misled investors in mortgage-backed securities prior to the financial crisis of 2008, according to New York federal court papers.

Read More »

Investors Skeptical of Fed Rate Increase Forecast

In their latest economic projections from June, the members of the Federal Open Market Committee (FOMC) projected a median federal funds rate of 1 percent at year-end 2015 and 2.5 percent at the end of 2016. Based on their own modeling, the analysts say investors put the probability of the federal funds rate hitting the FOMC's target next year at 31 percent, with 2016's projected rate having a 27 percent probability.

Read More »