Garnet Capital Advisors - Garnet Capital Advisors Blog

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Residential

Home Prices and Mortgage Rates Are Up: Refinancing is Down

November 16, 2021

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Investors and the stock market as a whole did not seem to be fully prepared for the announcement from the Federal Reserve on Wednesday, June 16, 2021 that it would begin to reduce its levels of bond purchases and add some interest rate hikes to its forecast for 2023. In fact, the previous forecast from the Federal Reserve had zero anticipated rate hikes in 2023, but their most recent outlook called for two in that year. The US dollar jumped against all major currencies on the news, but the stock markets got a lot choppier as a result. CNBC reported on the response from one investment officer as such:
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Residential Economy / Rates

Fed Set To Raise Rates Sooner Than Expected As Policy Decisions Weigh On Real Economy

June 29, 2021

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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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Residential

Home Prices Have Continued to Appreciate During the Pandemic

October 27, 2020

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The housing market is seeing a significant increase in activity as demand increases, and housing prices rise, pointing to a potentially ideal time for lenders to review their loan portfolios to look for profitable opportunities.
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Residential

Housing Activity Elevates Distressed Mortgage Market

August 31, 2020

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Prices in the secondary market for mortgages - particularly distressed assets - have rebounded from early pandemic pricing to near pre-pandemic pricing. And an increase in home sales points to a potential strengthening of the economy.
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Residential

Rebounding Housing Market and Low Rates Helping Secondary Mortgage Trades

August 19, 2020

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Renting real estate has long been lucrative for investors, but a spike in demand for single-family homes presents a unique opportunity to grow an investment portfolio.
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Residential

Single Family Home Rentals Are a Growing Segment of the Housing Market

August 6, 2020

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Ginnie Mae is becoming a lender of last resort for mortgage servicers that are having a tough time advancing principal and interest to investors when borrowers are not making payments.
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Residential

Ginnie Mae Becomes a Lender of Last Resort for Some Mortgage Servicers

April 20, 2020

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Nonbank mortgage volume has overtaken traditional banks, with about half originated by nonbank lenders. This may be cause for concern should financial stress occur.
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Residential

Nonbank Mortgage Market Share Tops 50%

December 16, 2019

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The FNMA and FHLMC will increase conforming loan limits for 2020, though the increases are smaller compared to previous years.
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Residential

Loan Limit Increases for 2020 Will Be Smaller Than Previous Years

December 12, 2019

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The CFPB's ability-to-repay rule was recently tested in court when an Ohio man sued his bank after facing foreclosure. The federal judge sided with the bank, which may discourage others from trying the same route in a last attempt to avoid foreclosure.
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Residential

CFPB Rule Tested in Recent Lawsuit: Here's What You Need to Know

September 11, 2019

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Credit unions saw loan originations tumble over the first few months of 2019, but things have returned to roughly the same level as last year. That said, some loan types have weakened, prompting credit unions to take measures to add to their portfolios.
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Residential Trending

Credit Unions Need to Bolster Their Loan Portfolios -- Here's Why

August 28, 2019

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New lending players have been supplying a large portion of the money in the lending ecosphere, in many cases overshadowing the contribution of banks. But with less regulation in this space, these nonbank finance companies are putting themselves at risk without proper strategies in place to protect themselves.
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Residential Fintech

How Nonbank Lenders Can Reduce Their Risks

July 19, 2019

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Home sales dipped this past April, but with continued low mortgage rates and a strengthened job market, the housing market looks bright for the remainder of 2019.
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Residential

Is the Future Bright for the Housing Market?

July 9, 2019

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What's the likely scenario on interest rates for 2019? Click here to find out.
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Residential Economy / Rates

Is the Window of Benign Interest Rates Closing?

March 26, 2019

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Residential

Good Mortgage Loans Are Becoming More Difficult in Current Housing Market

August 20, 2018

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Residential

Home Equity Loans and Line of Credit Loan Volumes Going Down? What To Do?

April 26, 2018

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Residential

The Advantages Gained by Selling RPLs

December 1, 2017

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Residential

Are Seasoned Mortgage Pools Better Than New Pools?

September 11, 2017

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Residential Trending

Nonbank Institutions Move into Mortgage Servicing Business; Banks Exit

June 28, 2017

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Residential Industry Outlook

Liquidity Follows a Unified Approach to the Housing Finance System

January 6, 2017

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Residential

FHFA reports Nonperforming Sales Decrease Foreclosures

December 21, 2016

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Residential

Multifamily Lending: Attractive Sector for Banks

December 8, 2016

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Residential

Acquiring and Retaining Servicing Assets: Taking a Closer Look

October 6, 2016

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Residential

Insurance Companies As Lenders and Diversified Service Providers

August 22, 2016

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Residential

Community Reinvestment Act: Implications & Ramifications

August 15, 2016

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Residential

TRID: Concerns, Compliance, & Caution

June 6, 2016

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Residential

Profit Sweep Makes Fannie Mae & Freddie Mac Government Cash Cows

June 6, 2016

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Residential

Banks, Foreclosures, and the FDIC: New Rules, New Considerations

May 2, 2016

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Residential

TRID Violations Lead to Struggles for Lenders

April 25, 2016

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Residential

Manufactured Housing: Fannie, Freddie and Duty to Serve

March 11, 2016

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Residential

Banks Backing Off of Mortgage Loans

February 8, 2016

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The Consumer Financial Protection Bureau has released the final list of what pieces of information banks must report to the government about home mortgages. Loan industry groups say the costs of the regulations may still outweigh any good done by widening the net of data.
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Residential

Loan industry balks at expanded mortgage disclosure rules

October 16, 2015

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Activists and politicians have launched a fresh campaign to restrict nonperforming loan sales to private equity and hedge funds. But they're getting pushback not only from the firms who argue the benefits of them buying up the distressed assets, but also by the housing officials who say the sale programs help neighborhoods.
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Residential

Housing officials, private equity firms defend distressed asset sales

October 1, 2015

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Richard Cordray, director of the Consumer Financial Protection Bureau, sought to allay fears that regulators would pounce immediately on improper use of the new forms.
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Residential

CFPB 'Know Before You Owe' Rules Finally Go Into Effect

September 30, 2015

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The gradual improvement of the economy makes it somewhat surprising that levels of bad loans remain above where they were before the Great Recession. And the rock-bottom interest rates that allowed bankers to keep carrying these loans funded with low-cost capital are about to end.
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Commercial Residential

Inventory of bad loans remains as interest rate hike looms

September 25, 2015

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This month the U.S. Department of Housing and Urban Development announced the latest of its debt sales. This one differs from previous rounds, though, as it is guided by important changes in the agency's Distressed Asset Stabilization Program.
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Residential

HUD tweaks Distressed Asset Stabilization Program

September 23, 2015

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Overall loan originations declined 31 percent from 2013 to 2014, according to just-released federal data. The drop-off masks a slight rise in home purchase originations, which was offset by a radical pullback in refinancing.
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Residential

Home refinancing fell off a cliff in 2014

September 23, 2015

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Residential Pricing

Competition in the Secondary Mortgage Market: Is Price Competition Possible?

August 11, 2015

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Higher interest rates are going to drown borrowers, right? Rate shock will shock the economic system, right? Poor home equity is going to lead to more delinquent borrowers, no?
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Consumer L.. Trending Residential

Predicted 2015 spike in consumer delinquencies - will it happen?

July 21, 2015

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Investor, Fed activity following Greece and China market volatility will impact both small and large banks.
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Trending Residential

Greece, China volatility puts pressure on the average bank

July 17, 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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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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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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A bill designed to help protect Montana bankers recently passed The Treasure State's House and Senate. Senate Bill 280 was introduced after the Montana Supreme Court ruled in 2014 that borrowers can press legal action in lending disputes on the basis of presumed oral agreements, according to American Banker.
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Consumer L.. Trending Regulatory.. Residential

Bill to protect Montana bankers from oral modification claims generates momentum

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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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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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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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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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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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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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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Earlier this fall, prominent members of different interest groups announced the creation of the Wealth Building Home Loan, a mortgage specifically designed to help low - to moderate-income borrowers accumulate equity.
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Consumer L.. Trending Residential

Innovative 15-year mortgage could impact housing availability

October 27, 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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Housing prices remain elevated amid current supply-demand fundamentals. This, along with tighter credit, may be keeping new buyers out of the market and slowing new home sales.
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Consumer L.. Trending Residential

Housing prices remain high, keeping some out of the market

September 22, 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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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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The Consumer Financial Protection Bureau recently provided guidance for mortgage brokers that want to operate using a mini-correspondent lender model, outlining the questions it uses to evaluate these industry participants to determine whether they meet the definition of mini-correspondent.
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Consumer L.. Trending Regulatory.. Residential

CFPB sheds light on mini-correspondent model

August 22, 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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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

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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

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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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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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Regulators have been intensifying their scrutiny of banks, and more specifically the relationships these institutions have with their vendors.
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Consumer L.. Trending Regulatory.. Commercial Residential

Regulators are turning up heat on bank use of vendors

June 12, 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 Bank Director's 2014 Risk Practices Survey recently provided some insight into the risk management challenges that lending institutions are facing.
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Pricing Consumer L.. Trending Regulatory.. Commercial Residential

2014 Risk Practices Survey details bank risk management

June 5, 2014

Excerpt:

A recent poll sponsored by real estate website Zillow has predicted that home prices will rise more than 4 percent in 2014.
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Consumer L.. Trending Residential

Zillow poll predicts home prices will rise more than 4 percent this year

June 4, 2014

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

Homes values have been rising in several different metropolitan areas, and now many properties have prices that exceed the conforming loan values set forth by government programs.
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Pricing Consumer L.. Trending Residential

Declining affordability in certain cities could undermine loan origination and impact loan sales

April 30, 2014

Excerpt:

Americans have changed how they harness credit card debt, a financial consulting firm stated recently, and these new practices could potentially constrain loan sales by reducing the supply of available debt.
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Consumer L.. Trending Commercial Residential

New view of credit card debt could constrain loan sales by affecting supply

April 30, 2014

Excerpt:

The Consumer Financial Protection Bureau recently released a report containing information on how consumers can use electronic methods to complete the paperwork involved in a mortgage closing.
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Pricing Consumer L.. Trending Residential

CFPB efforts to educate on home loans could strengthen mortgage market

April 30, 2014

Excerpt:

Lending standards could potentially weaken as housing prices continue to increase, Lindsey Piegza, chief economist for privately-owned brokerage Sterne Agee, stated recently.
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Pricing Consumer L.. Trending Residential

Economist: Lending standards could soften as home prices rise

April 29, 2014

Excerpt:

Pending home sales surged in March, and this development could affect loan sales by increasing the supply of available mortgage debt.
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Consumer L.. Trending Residential

Surging pending home sales could bolster loan sales

April 29, 2014

Excerpt:

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

Excerpt:

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

Excerpt:

Strong durable goods order data for March showed the robust nature of the economy, and this continued improvement could help bolster loan origination by making consumers more confident.
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Pricing Consumer L.. Residential

Strong durable goods orders could bolster loan origination by increasing confidence

April 24, 2014

Excerpt:

New home sales dropped sharply in March, and this development could combine with more stringent lending standards to affect loan sales by reducing the supply of debt.
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Pricing Residential

Sharp drop in new home sales could affect loan sales by cutting supply

April 23, 2014

Excerpt:

U.S. mortgage lending plunged during the first quarter of 2014, and this development could easily affect the price and volume of loan sales by reducing supply.
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Pricing Residential

Plunging mortgage lending could affect loan sales by reducing supply

April 17, 2014

Excerpt:

Condominium developments have been springing up all over in U.S. metropolitan areas, and this trend could easily impact loan sales by increasing the amount of available debt.
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Pricing Residential

Urban condo development could bolster loan sales

April 16, 2014

Excerpt:

More than 80 percent of lenders taking part in a recent American Bankers Association survey predicted that consumers will have reduced access to mortgages as a result of new industry regulations.
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