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May 21, 2018

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A Huge Merger in Chicago: Fifth Third Bancorp to Buy MB Financial

Fifth Third Bancorp announced on Monday that it has agreed to buy MB Financial in a transaction valued at approximately $4.7 billion. The combined company will then rank fourth in total deposits and second in retail deposits in Chicago market. It will also have a 20 percent share of middle market relationships in Chicago, ranking it second. Read More

Banks Getting Slightly More Comfortable Originating Non-QMs

The non-qualified mortgage share of originations by banks increased slightly in 2017, according to a survey by the American Bankers Association. The share of banks offering non-QMs also increased. Read More

Non-Agency Jumbo Lending Tumbled In 1Q18, Sector Loses Market Share

Production of non-agency jumbo mortgages declined significantly in the first quarter of 2018, according to a new ranking and analysis by Inside Nonconforming Markets. Read More

Treasury Official Sees Major Impact from Single Security

A key Treasury Department official suggested that issuers of non-agency MBS may someday participate in the common securitization platform being developed by Fannie Mae and Freddie Mac. Read More

Short Takes: The Senate Could Vote on Brian Montgomery Soon / House to Take up the Reg Relief Bill / Foreclosure Timelines Extended For Disaster-Area Homes / What’s Next for the CFPB Payday Lending Rule

Senate Majority Leader Mitch McConnell, R-KY, announced to take a vote on the nominee for FHA commissioner, Brian Montgomery. Given the other nominations already in the Senate floor queue, the vote is expected to occur sometime in June… Read More

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