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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Critical capital Should CRE lending be off the table? Larger cities seem to be stuck in this new world, while smaller cities seem to be recovering,” Kirby said.

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Is your credit union ready to grow member business lending (MBL)?

Abrigo

Member business lending (MBL) has been a hot topic in the financial services community this summer, particularly as the industry awaits finalization of the NCUA’s rule changes. stands as the number one in MBL – more than doubling the second-ranked CU for business lending. The New York City-based institution offered members nearly $1.8

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Troubles at NYCB highlight pain in rent-regulated real estate

American Banker

Long Island-based New York Community Bancorp has a large concentration in loans on New York City apartment buildings with rent restrictions. Property values in that sector have tanked amid higher interest rates, inflation and 2019 revisions to state law.

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Popular Bank appoints Adam Dejak to lead Popular Mortgage

PopularBank

We are thrilled to welcome Adam Dejak as National Director of Residential Lending for Popular Mortgage. Based in New York, Adam will oversee our residential mortgage lending 1 business and will be responsible for driving growth and development of the entire program, cultivating talent, and continuing to expand our mortgage loan options.

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Neiman Marcus Emerges From Chapter 11

PYMNTS

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

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Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

PYMNTS

26, and she will be based in New York City. Last month, Wells Fargo also added four new executives to its roster. Andy Rowe is the enterprise customer excellence executive, and Elli Dai has been hired as the small business and personal lending group executive. Her first day will be Aug.

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Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

The money will be used to focus on product development, sales, marketing, and an expansion of its existing Managed Service Providers (MSPs) network, which connects end-users to Mailprotector’s capabilities. based funding round of the week, corporate spend management startup Airbase announced via press release a $23.5

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