Our take on the latest trending events:

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CIT and First Citizens are merging in an effort to better compete for deposits and loans and bolster their balance sheets to weather a recession. Other regionals may follow suit and dump their underperforming assets to make room for more robust ones.
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Home prices have increased over recent months thanks to a busy nationwide real estate market despite the coronavirus pandemic. This has led to a strong mortgage market, making now a good time to sell off mortgage portfolios that are not strategic or ideally performing.
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Some consumer loan products are slowing significantly among credit unions, while mortgages continue to remain a strong segment. Overall, credit union loan balances have gone back to their relatively weak pre-pandemic growth rates.
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As consumers spend less and worry about the economy amid the pandemic, they're making more deposits and keeping their money safe. In the meantime, banks are seeing growth in deposits but little in the way of loan growth.
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Reserves are increasing among credit unions due to bad loans and a decline in income. This comes as credit unions see a high volume of low rate mortgages and sluggish lending in more profitable loans. Credit unions may want to sell off bad assets and replace them with purchased high-quality loans.
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EXCERPT: Americans are taking short vacations close to home these days, and leisure hotels near population centers and the beach communities are doing rather well.
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The online lending sphere has been the subject of uncertainty regarding its ability to weather the pandemic. But so far, borrowers have been faring better than expected.
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There is a growing shift in consumer behavior towards fixed-rate installment loans for purchases, which may be excellent investments for banks and credit unions.
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Despite the ongoing health crisis and the recent uptick in infections, the US economy continues to recover, and faster than expected.
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Bank M&A activity is seeing an uptick, symbolizing optimism and change in the financial industry. Now may be a good time for lenders to clean up their loan portfolios with a debt sale before entering the market.
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