article thumbnail

Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. Gilbert, owner of the Cleveland Cavaliers and founder of Quicken Loans will retain 79 percent of the voting power of the company’s common stock through controlling entities, the SEC filing shows.

Cleveland 233
article thumbnail

Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Cleveland, Ohio – First Federal Savings and Loan Association ($955 million). Flagstar capitalizes on going local, too. Blog Bank'

Cleveland 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SMEs Severely Dissatisfied With eLending Experience – Fed

PYMNTS

The Federal Reserve published the findings of its research on small business lending habits in the U.S. But Federal Reserve Bank of Cleveland senior policy analyst Ann Marie Wiersch told Forbes in an interview that bank lending to small businesses is still struggling.

Cleveland 100
article thumbnail

The Future of Noninterest Income at Financial Institutions

Abrigo

Financial institutions generate most of their income by lending and investment activities. Capital One and Fifth Third Bank have launched programs to give customers early access to direct deposits, up to two days. Roadmap for Effective Capital Planning: Start Here. Types of Noninterest Income. An important source of revenue.

article thumbnail

Community banks most likely to approve small business loans

Abrigo

The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. While the approval rates are high and portfolios are expanding, the OCC did point out that lending standards continued to soften.

article thumbnail

The Mother List of All Banking Books

Jeff For Banks

Oil Capital: The History of American Oil, Wildcatters, Independents and Their Bankers 2016 Dwight L. Cleveland Cleveland, Harold van B. A Term at the Fed: An Insider's View 2004 John Moody Moody, John The Masters of Capital: A Chronicle of Wall Street 2012 George S. Clark Clark, Bernard F. Clarke Clarke, Dwight L.

America 78