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Luminate Bank is expanding its presence across the Midwest and central United States with the acquisition of First State Mortgage Services, the companies announced Thursday. Processing Content As part of the deal, 43 members of the First State Mortgage team will join the Minneapolis-based bank, including roughly 26 originators and CEO Rene Shaffer. The financial […]

The leading mortgage trade group is downgrading its origination forecasts as rates are cutting into anticipated refinance volume.  Processing Content The Mortgage Bankers Association is projecting $2.147 trillion in total originations for 1- to 4-family unit properties this year, it said Friday. That’s a slight decline from the $2.163 trillion projection in July, and on

Key insight: The lawsuit is the latest escalation in a running battle between CDFIs and their supporters and the Trump administration, which has repeatedly blocked funding for the popular program.  What’s at stake: The CDFI fund recipients include banks, and many banks get Community Reinvestment Act credit for grants to the financial institutions.  Forward look: