Bank Innovation
APRIL 19, 2019
The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.
PYMNTS
AUGUST 5, 2020
Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources.
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American Banker
APRIL 18, 2024
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
Abrigo
JANUARY 15, 2015
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. • Detroit, Michigan – Flagstar Bank ($4.65 Another home lending specialist, about 61 percent of the bank’s total assets ($1.56
American Banker
DECEMBER 17, 2020
The Detroit automaker says it will stick to car loans and steer clear of mortgage lending if regulators approve its application to establish an industrial bank.
PYMNTS
AUGUST 7, 2020
the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. The company sold 100 million shares, down from the 150 million it had planned for the IPO, to raise $1.8 billion, which valued the company at around $36 billion. On Wednesday (Aug. 5), Rocket Cos.,
American Banker
OCTOBER 18, 2023
Charge-offs at the Detroit-based lender rose last quarter, as borrowers had a tougher time keeping up with their car payments. But so far, credit quality is staying within expectations, and company executives don't anticipate that the rest of the year will be much worse.
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