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Mortgage Bankers Association

Real Estate

Average Mortgage Rate Climbs to Highest Level Since Late February

The rate rose to 6.83% from 6.62% last week. A year ago, the rate averaged 7.1%. read more >
IberiaBank of Lafayette, Louisiana, agreed in December to pay $11.7 million to settle allegations by Arkansas whistleblowers that it filed false claims for mortgage loan guarantees. 
Banking & Finance / Business Services / Government & Politics

Federal Crackdown on False Loan Claims Ensnares IberiaBankLock Icon

When IberiaBank Corp. agreed in December to pay $11.7 million to settle allegations by Arkansas whistleblowers that it filed false claims for mortgage loan guarantees, it became the first lender working in the state to join a lengthy roster of lenders that have settled similar allegations with the U.S. Department of Justice since 2011. read more >
Jennifer Garcia and Dana Ferguson of Generations Bank.
Banking & Finance

Generations Bank Promotes Two in Camden (Movers & Shakers)

Jennifer Garcia and Dana Ferguson, loan officers at Generations Bank in Camden, have been promoted to vice president/mortgage loan officer and assistant vice president/loan officer. read more >