PNC sees double-digit boon in income, deposits and loans

Dive brief: PNC’s first full quarter to include BBVA USA assets helped the Pittsburgh-based lender increase revenue by 11%, deposits by 13% and loans by 14%, compared to the previous quarter, the bank reported Thursday. The bank’s profit fell 3% to $ 1.49 billion, from $ 1.53 billion in the …

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Fannie Mae’s reproductive loan sales are on the rise

Sales of reproductive loans plunged in 2020 as the pandemic took hold in America, but sales volume appears to have recovered vigorously, based on analysis of RPL offerings for government-sponsored companies Fannie Mae. The GSE earlier this month announced its 23rd sale of reproductive loans, which are defined by Fannie …

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Loans will be the key to future bank fortunes

As investors brace for disappointing earnings reports across much of the business world, the nation’s largest banks are expected to post solid earnings this week, thanks to the central role they play in reopening the economy . Banks’ quarterly reports will reflect a bumpy and changing recovery – their business …

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