Technology

Community Banks Sense Opportunity in Down Mortgage Market 

As wholesale lending sees financial support wane amid withering industry conditions, community banks — oft forgotten during the recent run-up in housing — are seeing a resurgence in interest from borrowers who want access to a more traditional mortgage. The latest community bank to jump in the fray is Florida Bank Group, Inc., a small bank holding company with $810 million in total assets. FBG said Monday that it had formed Florida Bank Mortgage, as part of an effort to offer mortgage services statewide.