Items Tagged with 'SunTrust'

ARTICLES

  • BB&T, SunTrust to rebrand as Truist

    Announce name change as the two banks finalize "merger of equals"
    When BB&T announced its pending "merger of equals" with SunTrust Banks in February, the companies said they would emerge together under a new name. On Wednesday, that name was revealed, as the two banks said they would be operating together as Truist – a moniker they said reflects their separate heritages and "shared belief in building a better future."
    Read More
  • BB&T and SunTrust invest $10 million in Washington, D.C.'s affordable housing

    The investment will be added the impact pool of the Washington Housing Initiative
    BB&T and SunTrust are investing $10 million to address the lack of affordable housing in Washington, D.C’s housing market. The equity investment, which specifically tackles the scarcity of housing for middle-income individuals and families, will be added to the Impact Pool of the Washington Housing Initiative.
    Read More
  • The National Mortgage Settlement is officially over

    Monitor’s office to shut down by end of 2018
    One of the vestiges of the financial crisis is now officially in the past. The National Mortgage Settlement, the epic, massive mortgage servicing settlement between the federal government, 49 states (all excluding Oklahoma), and five of the nation’s biggest banks and mortgage servicers, is now done and complete. RIP.
    Read More
  • SunTrust back in compliance with National Mortgage Settlement servicing rules

    Remedies failure of one metric
    SunTrust is back in compliance with all of the servicing requirements of the National Mortgage Settlement, the settlement’s monitor said in a report published early Tuesday. Joseph Smith, the monitor of the National Mortgage Settlement, said in the report that SunTrust did not fail any compliance metrics that his team tested during the second half of 2017.
    Read More
  • SunTrust becomes latest bank to roll out digital mortgage platform

    Joins Wells Fargo, Bank of America, Chase, others
    Another lender is about to join the digital mortgage revolution, as SunTrust announced Monday that it is rolling out a digital mortgage application platform. SunTrust claims that its platform, which is called the “SmartGUIDE Mortgage Application,” allows consumers to complete a mortgage application entirely online in “half the time” of a typical mortgage application.
    Read More
  • SunTrust completes consumer relief requirements under national mortgage settlement

    Provides more than $500 million in consumer relief
    SunTrust fulfilled its consumer relief obligations under the National Mortgage Settlement, wrapping up the relief requirements under a settlement with the government over mortgage servicing and foreclosure abuses. Under the settlement, SunTrust was required to provide its consumer relief by Sept. 30, 2017.
    Read More