Garnet Capital Advisors - Garnet Capital Advisors Blog

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The turning of the consumer credit cycle is here, and as default rates and delinquencies increase, credit card debt could stay high for years.
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C/O and BK

What Do Credit Card Delinquencies Mean for Distressed Debt Pricing?

January 6, 2023

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As we see delinquency rates returning to pre-pandemic levels combined with troubling inflation, however, loan-buying investors are moving more cautiously.
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C/O and BK

Rising Delinquencies in Bank Portfolios

September 6, 2022

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The Consumer Financial Protection Bureau (CFPB) released a much-anticipated report in which they revealed a new regulation known as Reg F that directly relates to the collection of consumer debt. Banks, credit card companies, and debt collectors of all stripes have been pushing for the CFPB to release specific regulations regarding when and how often debt collectors may contact those who owe them money, and they got what they wished for.
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Regulatory.. C/O and BK

The Early Implications Of Reg F On The Debt Collections Industry

October 29, 2021

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Banks have added a lot to reserves and have seen relative stability in loan charge-offs. So far, banks seem to be weathering the pandemic quite well.
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C/O and BK

Loan Charge-offs Remain Stable for Now

November 3, 2020

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The Madden v. Midland Funding ruling that took effect four years ago has been cause for concern for lenders, but the OCC's recent proposal may help banks bypass the ruling, which is good news for all secondary loan markets.
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C/O and BK

Banks May Be Able to Bypass Madden Ruling Thanks to OCC Proposal

December 10, 2019

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Credit card issuers are increasingly selling pieces of their card portfolios. When done in an organized manner, credit card providers can find the right buyer and open up their loan portfolios to more profitable assets.
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C/O and BK

Credit Card Issuers Are Trimming Card Portfolios

September 20, 2019

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Credit card delinquencies and defaults are on the rise and have recently hit a seven-year high, prompting lenders to take a closer look at their loan portfolios to spot signs of risky assets.
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C/O and BK

Credit Card Defaults Rising, But Still Near All-Time Lows

June 13, 2019

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While recent figures show that FinTechs are gaining more of the personal loan market, banks and credit unions can capture more of this business with the right partnerships.
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C/O and BK Trending

Looking Beyond FinTechs for the Right Partnership

March 28, 2019

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C/O and BK

Pricing Trends in the Consumer Charge-Off Marketplace

August 21, 2018

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C/O and BK

Subprime Auto Loan Delinquencies Drop

July 19, 2018

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C/O and BK

Are the Halcyon Days of Low Credit Losses Coming to an End?

June 6, 2018

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C/O and BK

Small Banks' Charge-Off Rates on the Increase

April 4, 2018

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C/O and BK

Mortgage Balances Up, HELOC Balances Down

September 20, 2016

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C/O and BK Industry Outlook

An Overview of the China Effect on Banks

September 17, 2015

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C/O and BK Economy / Rates

Improvements in Job Market May Prompt Interest Rate Hikes

September 1, 2015

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A court ruling could have an impact on marketplace lending.
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Consumer L.. Trending C/O and BK

Court ruling could have widespread impact on marketplace lenders

August 19, 2015

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C/O and BK Pricing Consumer L..

From Loan Sales to Higher Profits: Santander Takes an Aggressive Approach

August 11, 2015

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C/O and BK Trending

Goldman Sachs: Moving Into Online Consumer Lending Market

June 30, 2015

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C/O and BK Residential Trending

Government Regulation Leads to Unexpected Consequences

June 15, 2015

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The mortgage industry has faced substantial criticism following the financial crisis, and many critics and government officials have pounced on the opportunity to disparage this particular sector. While these views have been growing less harsh, those looking to spearhead meaningful reform have encountered numerous challenges, according to American Banker.
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Pricing Consumer L.. Trending Regulatory.. Residential C/O and BK

Mortgage industry faces political hurdles in undergoing reform

April 29, 2015

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The banking sector has been benefiting from strong mergers and acquisitions activity, as economic conditions continue to improve and financial institutions look toward consolidation as a means of cutting costs, meeting capital requirements and even diversifying their businesses.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Bank M&A heats up

April 29, 2015

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While they are frequently identified as being competitors of banks, marketplace lenders have asserted repeatedly that they want to work with these more traditional financial institutions.
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Pricing Consumer L.. Trending Regulatory.. Commercial C/O and BK

Marketplace lenders can partner with banks

April 28, 2015

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As many banks consider partnering with marketplace lenders, they must carefully evaluate each particular alliance to get a strong sense of its potential costs and benefits. Marketplace lenders have been rising in importance, growing a strong customer base and in some cases raising significant sums of money by working with receptive investors.
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Consumer L.. Trending Residential C/O and BK

Due diligence crucial to bank/marketplace lending partnerships

April 27, 2015

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Many banks are making major changes as they take steps to comply with the liquidity coverage ratio, including selling off assets and running off deposits that do little to help them meet the requirement.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks face challenges complying with LCR requirements

April 23, 2015

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The valuations of technology startups have been surging as hedge funds and mutual funds pour money into this space in an effort to profit from the next big thing. Many institutional investors have taken an interest in technology startups, hoping to select the right ones and then profit when they hold an initial public offering.
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Pricing Trending Commercial C/O and BK

Tech startup valuations surge

April 21, 2015

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Regional banks have been putting significant effort into either raising the threshold for being deemed systemically important - which currently stands at $50 billion - or scrapping the level completely.
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Consumer L.. Trending Commercial Residential C/O and BK

Regional banks protest $50 billion SIFI threshold

April 21, 2015

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Recently, the U.S. Supreme Court heard a consolidated lawsuit that involved whether a secondary lien placed on the asset of a debtor can be reduced to the value of the collateral securing the obligation obligation and reduced to zero if there is no asset coverage. The decision could have broad implications, potentially impacting many bankruptcy proceedings that followed the nationwide housing crisis, according to Inman Magazine.
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Consumer L.. Trending Regulatory.. Residential C/O and BK

Supreme Court considers underwater second liens

April 20, 2015

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Loan demand has been rising all over the nation, according to figures provided in the Federal Reserve's March Beige Book. The Fed report revealed that most regions have been enjoying promising economic conditions, and banking activity stood out as a strong point in many cases.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Loan demand keeps climbing

April 19, 2015

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Puerto Rico's banking industry has undergone some seismic shifts in the aftermath of Doral Bank's failure earlier this year. While this troubled bank entered receivership, several competitors benefited from the situation, bolstering their market share by snapping up its branch locations, loans, deposits and mortgage servicing rights.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Puerto Rico banking industry faces uncertain future

April 16, 2015

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Sterling Bancorp, one of the largest lenders doing business in the payroll lending market, recently acquired Damian Services Corporation, which provides payroll-related services to staffing firms. By making this purchase, Sterling will grow its client base, expand its lending capacity and open up new possibilities to earn fees in specialty finance, according to American Banker.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Sterling Bancorp makes strategic acquisition

April 13, 2015

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Non-banks have been gaining an increasingly large share of the market for FHA-backed mortgage lending, according to a recent study conducted by the American Enterprise Institute's International Center on Housing Risk. These financial institutions, which are outside the reach of bank regulations and capital requirements, have been increasing issuance of these home loans as major banks retreat from this market.
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Consumer L.. Trending Regulatory.. Residential C/O and BK

Non-banks grab FHA market share as large banks retreat

April 6, 2015

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The peer-to-peer lending market recently benefited from a move by the U.S. Securities and Exchange Commission to revise existing regulations, as this decision gave smaller companies greater ability to raise money and investors more flexibility to participate in this particular industry.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

P2P lending benefits from SEC decision

March 30, 2015

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PacWest Bancorp recently announced an agreement to purchase Square 1 Financial, Inc., a lender that focuses primarily on the technology industry. Pursuant to this deal, Square 1 bank, owned by Square 1 Financial, will merge into Pacific Western Bank, a Los Angeles subsidiary of PacWest Bancorp.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

PacWest agrees to buy Square 1

March 29, 2015

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Pinnacle Bank recently purchased a minority stake in an online health care lender, and this strategic move should provide the Nashville-based bank with numerous benefits. Pinnacle Bank, a subsidiary of Pinnacle Financial Partners, Inc., made this move at a time when traditional banks are facing numerous headwinds and online lending has been experiencing impressive growth. Garnet Capital believes this is a positive trend and is helping other banks and lenders create partnerships.
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Trending Regulatory.. Commercial C/O and BK

Pinnacle's investment example of innovative bank venture

March 28, 2015

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While small business lending fell sharply after the financial crisis, there are signs this crucial activity is gaining steam. This development presents banks with new opportunity, but they should know the market has changed significantly, and many non-bank lenders have sprung up to fill the higher demand for small business loans, according to American Banker.
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Pricing Trending Regulatory.. Commercial C/O and BK

Rising small business lending presents great opportunity

March 28, 2015

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While lending activity has grown more conservative since the financial crisis, there is reason to believe this sector is once again running into trouble. More specifically, both auto and student loan debt saw their delinquencies track higher in the fourth quarter, and during the same time, household debt increased.
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Pricing Consumer L.. Trending C/O and BK

Credit markets show signs of weakness

March 26, 2015

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America's millennials could potentially represent a huge market for alternative banking, according to the results of the most recent FICO survey. Financial institutions looking to stay abreast of the latest shifts in the rapidly changing banking industry might benefit substantially from gathering further detail on these customer preferences.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Millennials a huge market for nontraditional lending

March 25, 2015

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Consumer Financial Protection Bureau Director Richard Cordray took a minute to delve into some of the agency's current concerns, as well as the disagreements its staff are having.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

CFPB's Cordray helps shed light on agency's plans

March 3, 2015

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Community banks need to either innovate or face extinction in the current environment, according to several industry participants who spoke at the American Bankers Association's National Conference for Community Bankers.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Community banks must innovate or perish

March 3, 2015

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Regulators shut down Doral Bank on Friday, Feb. 27, after the financial institution faced a string of challenges including a dispute surrounding a tax refund, government investigations and sharp declines in stock prices. The Office of the Commissioner of Financial Institutions of Puerto Rico announced in a statement Friday that it had appointed the Federal Deposit Insurance Corporation receiver.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Regulators close failing Doral

March 2, 2015

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Federal Reserve Chair Janet Yellen testified before lawmakers on Tuesday, Feb. 24, providing greater clarity on the central bank's timeline for boosting benchmark interest rates.
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Pricing Consumer L.. Commercial Residential C/O and BK

Yellen sheds light on interest rate outlook

February 24, 2015

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Many banks have been focusing on deposits in the current environment, building up these resources instead of taking on additional credit risk. This approach reflects a more conservative stance, as financial institutions are unsure when the Federal Reserve will opt to push its benchmark interest rates higher.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks turn to deposits ahead of Fed rate hikes

February 24, 2015

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Major banks, already facing a tough environment, have been encountering an additional headwind stemming from the dollar's sharp rally. The currency's recent appreciation, along with proposed capital guidelines, could make US banks seem bigger relative to their European counterparts.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Rising dollar creates another speed bump for major banks

February 23, 2015

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Doral Financial's problems only seem to be getting worse. While the Puerto Rico-based holding company was able to improve its financial position late last year by attaining a legal victory, it has been encountering rising pressure from regulators, according to American Banker.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Doral problems worsening

February 23, 2015

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Mergers and acquisitions activity involving banks has been increasing, and this momentum has grown to include not only smaller banks in the U.S., but also midsize and international financial institutions.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Bank M&A activity is heating up

February 18, 2015

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Banks could run into challenges generating revenue growth as their ability to tap into loan-loss reserves deteriorates.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Bank revenue under pressure

February 18, 2015

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Lending Club recently announced a partnership with Alibaba Group whereby the peer-to-peer lender will provide small businesses with lines of credit for purchasing Chinese goods through the e-commerce giant's online marketplace.
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Pricing Trending Commercial C/O and BK

Lending Club and Alibaba announce partnership

February 13, 2015

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Bank of America recently moved a $2.7 billion student loan portfolio to hold-for-sale status, chief financial officer Bruce Thompson told analysts during a conference call in January.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

BOA readies student loan portfolio for sale

February 12, 2015

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While many bemoan the challenges less-experienced borrowers face, San Francisco-based startup Earnest has been using an innovative new approach to assess their creditworthiness.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

Lending startup Earnest harnesses innovative underwriting approach

February 12, 2015

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BlackRock is planning to securitize loans purchased via internet origination channels.
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Pricing Consumer L.. Trending Regulatory.. Commercial C/O and BK

BlackRock looks to securitize purchased P2P loans

February 11, 2015

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New York Community Bancorp, Inc. has been generating many benefits by selling assets, keeping its balance sheet below the $50 billion mark and improving its financial results in the process.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

New York Community Bancorp strengthens balance sheet through asset sales

February 9, 2015

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The U.S. economy encountered some challenges during the fourth quarter, as weakness abroad and tepid business spending combined to limit fourth-quarter growth.
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Consumer L.. Trending Commercial Residential C/O and BK

US economy encounters headwinds during fourth quarter

February 4, 2015

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While many banks have bemoaned the industry regulations created by the Consumer Financial Protection Bureau, smaller financial institutions in particular could benefit from the government agency's latest mortgage proposal.
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Consumer L.. Trending Residential C/O and BK

Small banks could benefit from CFPB proposals

February 4, 2015

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The recent announcement that Los Angeles-based City National has agreed to be acquired by Royal Bank of Canada could be a game changer for other banks in the region, providing them with stronger opportunities to find clients or buyers.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

City National sale watershed event for Southern California banks

February 4, 2015

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Two groups of peer-to-peer consumer loans collectively worth more than $300 million recently obtained ratings from Moody's Investors Service, which represents a first because major credit ratings agencies have never before evaluated P2P securitizations.
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Pricing Consumer L.. Trending C/O and BK

P2P consumer loan bundles obtain rating from Moody's

February 3, 2015

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A handful of innovative banking startups have been working on creating lending algorithms that consider more than the traditional variables such as one's credit score. Amid this push, companies are developing risk evaluation methods that account for how much time an applicant spends reading terms and conditions or whether they only use capital letters when filling out forms, The New York Times reported.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Innovative startups focus on lending algorithms

February 2, 2015

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Banks are striving to generate loan growth amid stiff competition and low interest rates. At the same time, analysts and shareholders are pressuring these financial institutions to reign in their expenses where possible, according to American Banker.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Banks struggle to generate loan growth

January 29, 2015

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Many banks have been reporting falling interest income in the current environment of low rates and tight competition.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks suffer falling interest income

January 28, 2015

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Banks have had a hard time generating satisfactory earnings growth lately, and this difficulty could easily continue in 2015. Banks both large and small have suffered these challenges, as the major financial institutions and the regional ones have been reporting lackluster earnings so far this year. Legal costs and compressed loan margins are the major drags for the larger banks. Community banks are also feeling the pinch in generating good quality assets.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks face uphill battle with earnings

January 27, 2015

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U.S. economic conditions continue to improve at a time when the nation is benefiting from increased growth, falling energy costs and sustained job creation.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

US economic conditions enjoy continued improvement

January 21, 2015

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U.S. economic conditions have been steadily improving, and this development has helped bolster the performance of major banks such as Wells Fargo, whose executives have been rather vocal about how much faith they have in the nation's recovery.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Improving economic conditions increase loan volume and performance, for now

January 20, 2015

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The Swiss National Bank eliminated its cap on the euro-franc exchange rate Jan. 15, at a time when the global currency markets are experiencing sharp volatility and central banks across the world are using increasingly divergent monetary policy.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Swiss National Bank scraps peg to Euro amid economic uncertainty

January 19, 2015

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While many U.S. consumers have been benefiting significantly from sharply dropping oil prices, they may find they have even more money in their pockets after the Federal Housing Administration's recent decision to reduce its annual premiums.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Broad market developments could affect loan portfolios

January 13, 2015

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Fintech startup Larky has been taking an innovative approach with its mobile applications, marketing them directly to banks so they can be used to provide consumers with discounts and offers from local stores.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Innovative startup offers location-based consumer apps to banks

January 12, 2015

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The Consumer Financial Protection Bureau has been quite active in recent years, and there is no sign that this trend will stop in 2015.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

CFPB's agenda to remain ambitious this year

January 7, 2015

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The banking industry is encountering various disruptive forces - including stiff regulations, the proliferation of online lending and innovative new lending activities - that bankers should monitor if they want to capitalize on existing opportunities.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Bankers can profit from being aware of disruptive forces

December 26, 2014

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American Banker recently named marketplace lending its Innovation of the Year.
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Pricing Consumer L.. Trending Regulatory.. Commercial C/O and BK

American Banker names marketplace lending Innovation of the Year

December 18, 2014

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Billionaire investor George Soros has been laying the foundation so he can back peer-to-peer lending, a burgeoning industry that is making greater use of more traditional funding methods in an effort to reduce lending costs.
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Consumer L.. Trending Residential C/O and BK

Soros getting ready to back P2P lending

December 9, 2014

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Many banks have been encountering challenges in their efforts to originate high-quality loans, but have been taking steps to compensate for this situation.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks are finding it difficult to generate prime loans

November 20, 2014

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Ally Financial Inc. reported strong auto lending in the third quarter, and has predicted this success will continue, reducing the money it has set aside for loan losses even amid stiff competition and concerns that used car values will decline in the final quarter of the year.
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Consumer L.. Trending C/O and BK

Ally Bank expects continued success in auto lending

November 20, 2014

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Distressed loan sale programs can help out homeowners, taxpayers and government organizations, but to generate these benefits, they must be set up in the right way, Sarah Edelman and Julia Gordon, who work for the Center for American Progress, wrote in a recent American Banker opinion piece.
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Pricing Consumer L.. Trending Residential C/O and BK

Distressed mortgage loan sale programs should be handled carefully

November 19, 2014

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While some banks may feel challenged by their constantly-changing environment, the situation grants them an opportunity to better their reputation and stand out from the competition, two experts wrote recently in an American Banker opinion piece.
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Pricing Trending Regulatory.. Commercial Residential C/O and BK

Rapidly-changing environment provides strong opportunity for banks

November 18, 2014

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The legal fees plaguing major banks continue to climb higher, and nobody knows when these financial institutions will get past these challenges.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Legal challenges pile up at major banks

November 14, 2014

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Sterling Bancorp and Hudson Valley Holding Corp. announced a definitive merger agreement on Nov. 5, which would create a larger combined entity catering to consumers and small - to medium-sized businesses in the New York metropolitan area.
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Consumer L.. Trending Commercial Residential C/O and BK

Sterling Bancorp and Hudson Valley to merge, create larger regional entity

November 6, 2014

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As auto lending activity strengthens across the country, banks have been viewing it with fresh eyes, looking to this particular activity as an opportunity where they can potentially benefit from low default rates, attractive rates, short duration and significant demand.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

Auto lending provides banks with strengthening prospects

November 5, 2014

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In an effort to generate desired results amid sharp competition, many big banks are focusing on prime auto lending.
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Consumer L.. Trending C/O and BK

Big banks cultivate laser focus on prime auto lending

October 29, 2014

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U.S. Bancorp CEO Richard Davis has been offering some fairly rosy views of the economy, predicting that growth will accelerate sharply next year.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Major bank executive predicts economy will take off in 2015

October 23, 2014

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The revenue banks are generating from customer-account fees has dropped sharply, stemming from changes in consumer behavior and new regulations created to protect account holder interests.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Customer-account fee revenue plunges at banks

October 20, 2014

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The Office of the Comptroller of the Currency recently published final risk management and governance guidelines for major financial institutions, giving them different expected timelines for compliance based on their size.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

OCC finalizes heightened standards

October 20, 2014

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As the real estate market continues to strengthen, investors are clamoring to get their hands on securities backed by pools of nonperforming residential mortgages.
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Trending Residential C/O and BK

Investors crave nonperforming loan portfolios

October 8, 2014

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The value of many assets around the world - including real estate, stocks and bonds - has been rising, and several market participants have warned they have grown inflated and approach bubble status.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Asset values surge amid central bank stimulus

September 30, 2014

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Banks are on a mission to increase their loan income, and their desire to meet this objective has helped fuel mergers and acquisitions.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Banks thirsty for loan income step up M&A activity

September 18, 2014

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Banks could generate more revenue by adding P2P originations to their branch originations, according to a study recently released by research firm Cognizant.
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Consumer L.. Trending Commercial C/O and BK

Banks could bolster top line by partnering with P2P lenders

August 29, 2014

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Subprime auto lending has recently experienced a sharp uptick, and the robust activity has provoked warnings that a bubble is forming.
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Consumer L.. Trending C/O and BK

Surging subprime auto lending sparks bubble concerns

August 27, 2014

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Credit union lending ramped up in May and June, according to recent reports from the Credit Union National Association.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Credit union lending heats up in May and June

August 26, 2014

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Fledgling startup companies could one day dominate the banking industry, financial expert Richard Magrann-Wells wrote in a recent American Banker piece.
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Pricing Consumer L.. Regulatory.. Commercial Residential C/O and BK

Startups could one day dominate the banking industry

August 26, 2014

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As a result of hitting a critical point in its development, the market for Federal Family Education Loan Program loan sales may soon enjoy a sharp rise in activity.
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Pricing Consumer L.. Trending C/O and BK

FFELP loan sales may be poised to take off

August 21, 2014

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Bank mergers and acquisitions have surged lately, as the industry struggles to overcome numerous headwinds including a challenging compliance environment, higher capital requirements and the proliferation of alternative lending.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

Bank M&A activity heats up amid myriad challenges

August 19, 2014

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New financial product structures are growing in availability, and a great deal of the finance industry's innovation centers around this trend, former Citigroup chief executive Vikram Pandit recently told American Banker. Amid this situation, Pandit highlighted a key opportunity.
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Consumer L.. Trending Commercial Residential C/O and BK

New financial product structures are spreading like wildfire, says Citi's Pandit

August 18, 2014

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The Office of the Comptroller of the Currency recently took action to clarify best practices surrounding debt sales when it issued guidelines on Aug. 4.
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Consumer L.. Trending Regulatory.. Commercial Residential C/O and BK

OCC sheds light on debt sales with latest guidance

August 12, 2014

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Lending Club, a major peer-to-peer lender, recently announced impressive second quarter figures, reporting that it facilitated $1 billion in new credit during the period.
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Consumer L.. Trending C/O and BK

Lending Club has blowout quarter with $1 billion in new credit

July 31, 2014

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U.S. auto lending warmed up in the first quarter, as the total loans of banks and thrifts climbed higher and delinquencies declined.
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Pricing Consumer L.. Trending C/O and BK

US Auto lending grows stronger in Q1

July 30, 2014

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Concerned that traditional underwriting methods are leaving some would-be borrowers behind, peer-to-peer lender Upstart has responded by developing a unique process to vet credit applicants.
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Consumer L.. Trending Regulatory.. Commercial C/O and BK

P2P lender Upstart takes innovative approach to credit

July 29, 2014

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Loan sales have been picking up steam in the U.S., as the rising interest in home equity loans and non-performing loan securitizations helps increase the value of such transactions.
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Pricing Consumer L.. Trending Residential C/O and BK

Loan sales heat up amid rising interest in home equity and NPLs

July 28, 2014

Excerpt:

Sam Hodges, the CEO of innovative P2P lender Funding Circle USA, recently sat down for an interview with writer David Gustin of Spend Matters Network.
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Trending Commercial C/O and BK

Funding Circle USA supplies small business with innovative lending solutions

July 25, 2014

Excerpt:

Property tax bills are on the rise, and their steady climb has been causing stress for the already-troubled mortgage market.
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Consumer L.. Trending Residential C/O and BK

Rising property taxes impact mortgage market

July 21, 2014

Excerpt:

In a recent report, the Office of the Comptroller of the Currency warned banks about the credit risk that is steadily accumulating because of their willingness to provide loans easily.
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Pricing Consumer L.. Trending Commercial C/O and BK

OCC warns banks about growing credit risk

July 15, 2014

Excerpt:

Certain mortgage lenders have been following more stringent requirements than those created by the Consumer Financial Protection Bureau in an effort to ensure compliance.
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Pricing Consumer L.. Trending Residential C/O and BK

Mortgage lenders cap broker fees below CFPB limits

July 9, 2014

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LendingClub Corp., the largest peer-to-peer lender in the U.S., has started preparing for an initial public offering, selecting major investment banks Morgan Stanley and Goldman Sachs Group Inc. to lead the sale, individuals familiar with the situation told The Financial Times.
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Pricing Consumer L.. Trending Commercial C/O and BK

LendingClub gearing up to go public, say insiders

July 1, 2014

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Nigel Morris, who co-founded financial services firm Capital One, recently joined the board of Prosper Marketplace, the parent company of peer-to-peer online loan marketplace Prosper.
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Pricing Consumer L.. Trending Regulatory.. C/O and BK

Capital One co-founder Nigel Morris has joined Prosper's board

June 24, 2014

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San Francisco-based startup Affirm Inc. is harnessing an innovative new approach to lending, which some believe could potentially disrupt loan markets as we know them.
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Consumer L.. Trending C/O and BK

Affirm Inc. offers innovative approach to lending

June 19, 2014

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Younger people are more likely to consider alternative banking, according to the results of a recent Accenture survey.
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Pricing Consumer L.. Trending Commercial Residential C/O and BK

Younger people far more open to alternative banking, says Accenture survey

June 13, 2014

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The federal government recently announced plans to make mortgage lending standards less stringent, hoping that doing so will help jump-start the housing market.
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Pricing Consumer L.. Trending Residential C/O and BK

Federal government agencies attempt to jump-start housing market by loosening standards

June 11, 2014

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The U.S. Treasury Department recently announced the outcome of its latest auction of 10-year notes.
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Trending C/O and BK

Federal student loan rates reset for 2014-2015

June 10, 2014

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Financial services industry participants looking to get a fresh view of this particular sector might consider attending the upcoming conference EMERGE: The Forum on Consumer Financial Services Innovation.
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Consumer L.. Trending C/O and BK

Emerge Conference Arrives

June 2, 2014

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The Federal Deposit Insurance Corp. recently released its Quarterly Banking Profile, and this report contained data indicating that loan origination could increase sharply in the near future.
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Consumer L.. Trending Commercial Residential C/O and BK

FDIC data points to increased loan origination in coming quarters

May 29, 2014

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The Consumer Financial Protection Bureau recently released a report on its supervision of non-bank activities.
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Pricing Consumer L.. Trending Residential C/O and BK

CFPB releases report on regulation of non-bank activities

May 28, 2014

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The auto loan portfolios held by credit unions grew at the fastest pace in 13 years durin?g March, according to data provided in a CUNA Mutual Group report.
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Pricing Consumer L.. Trending C/O and BK

Credit union loan portfolio growth surges to 13-year high

May 23, 2014

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Lenders identified Consumer Financial Protection Bureau mandates as their single greatest compliance challenge in a recent QuestSoft survey.
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Pricing Consumer L.. Trending Commercial C/O and BK

Lenders cite CFPB regulations as top compliance concern in recent industry survey

May 21, 2014

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Younger Americans have been paying down their debts, gradually lifting the burden off their shoulders in the aftermath of the recession.
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Pricing Consumer L.. Trending Residential C/O and BK

Deleveraging continues for youngest Americans

May 20, 2014

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Jobless claims recently fell to their lowest level in seven years, and this development could show the latest progress made by the labor market.
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Pricing Consumer L.. Trending Residential C/O and BK

Plunging jobless claims latest evidence of healing labor market

May 19, 2014

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Commercial and multifamily mortgage loan originations fell during the first quarter, according to figures contained in a recent Mortgage Bankers Association report.
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Pricing Trending Commercial C/O and BK

Commercial and multifamily mortgage originations decline in first quarter

May 15, 2014

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Household debt rose during the first quarter, according to figures provided in a report from the Federal Reserve Bank of New York.
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Pricing Consumer L.. Trending Residential C/O and BK

Rising household debt could provide boon to loan sales

May 14, 2014

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Mortgage applications surged during the week ending May 2, according to Mortgage Bankers Association figures.
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Pricing Consumer L.. Trending Residential C/O and BK

Mortgage applications rise during week ending May 2, MBA figures show

May 14, 2014

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Larger lenders have been approving a higher fraction of applications for small business loans, taking market share away from banks with a more modest scope.
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Pricing Trending Commercial C/O and BK

Big bank approval of business loans moves higher

May 13, 2014

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Home prices experienced a sharp year-over-year surge in March, according to data contained in a CoreLogic report.
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Pricing Consumer L.. Trending Residential C/O and BK

Home prices surge in March

May 12, 2014

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Many U.S. banks recently reduced their standards for mortgage lending, and this development could boost loan sales by increasing the availability of this type of debt.
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Pricing Consumer L.. Trending Residential C/O and BK

US banks lower lending standards

May 9, 2014

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The Consumer Financial Protection Bureau has been pushing U.S. lenders offering auto loans through car dealerships to price this debt using a flat-rate structure, and BMO Harris Bank was the first sizable financial institution to adopt this approach.
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Consumer L.. Trending Regulatory.. C/O and BK

BMO Harris Bank first sizable lender to adopt flat rate financing

May 8, 2014

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Jonathan Lippman, chief judge of the state of New York, recently proposed reforms to debt collection lawsuits, 100,000 of which are filed against residents of the state each year.
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Consumer L.. Trending Regulatory.. C/O and BK

NY chief judge proposes debt lawsuit reforms

May 7, 2014

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Commercial and industrial loan origination moved higher during the first quarter, according to Federal Reserve data.
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Pricing Trending Commercial C/O and BK

Fed survey shows rising C&I loan origination

May 6, 2014

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The volume of weekly mortgage applications dropped to its lowest in almost 14 years during the week ending April 25, according to data from a recent Mortgage Bankers Association survey.
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Consumer L.. Trending Residential C/O and BK

Weekly mortgage applications fall to lowest since 2000, according to MBA data

May 5, 2014

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The Labor Department's April jobs report provided some strong figures, and this development could easily help bolster the sentiment of everyday Americans.
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Consumer L.. Trending Residential C/O and BK

Strong jobs report could improve consumer confidence

May 2, 2014

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A growing percentage of Americans are paying their credit card balances in full every month, according to a recent Gallup poll.
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Pricing Consumer L.. Trending C/O and BK

Many Americans paying credit card balance in full, says Gallup poll

May 1, 2014

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U.S. economic growth seems to be picking up, and this development could affect both loan origination and loan sales by bolstering the sentiment of consumers and the demand for credit.
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Pricing Consumer L.. Trending Residential C/O and BK

Stronger economic growth could bolster loan origination and impact loan sales

April 28, 2014

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Various measures of consumer confidence have shown strength lately, and the continued improvement in this sentiment could fuel more robust loan origination by increasing the demand for credit.
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Pricing Consumer L.. Residential C/O and BK

Continued increases in consumer confidence could mean more robust loan origination

April 25, 2014

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U.S. consumer defaults plunged in March, and this development could affect loan sales and pricing by lowering the supply of low-quality credit.
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