The FDIC found that stronger regulatory supervision could have made First Republic more resilient following the collapse of Silicon Valley Bank and Signature Bank.
Helped by its acquisition of First Republic Bank, JPMorgan Chase overtook Wells Fargo to have the largest first-lien portfolio among banks and thrifts in the second quarter. (Includes data chart.)
Former Civic Financial President William Tessar’s new business-purpose lending venture, CV3, is staffed by more than 150 employees from his former company.
A temporary restraining order against the CDFI Fund’s notice of revocation has resulted in Change Lending regaining its status as a community development financial institution.
The new in-house home equity investment origination platform will operate through Redwood’s correspondent channel and a direct-to-consumer originations platform.