Garnet Capital Advisors - Garnet Capital Advisors Blog

Trending Right Now

Our take on the latest trending events:

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The church loan buyer market is larger than you may have imagined. This market can be profitable for investors, serve some of their ESG goals, and may attract a lot of buyers. Plenty of investors are looking for places where they can find investments during this period of decreased available products. Some of them are finding it in the church loan market.
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September 19, 2022

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An uncertain market can create unexpected situations, especially in a non-core business. Relieving stress on internal resources dedicated to those non-strategic businesses can reduce volatility and financial cost.
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Trending

Why You Should Optimize Your Portfolio

June 23, 2022

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December 8, 2021

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Selling underperforming assets to debt buyers surely sounds like a great deal for banks, credit unions, and credit card issuers to accelerate cash flow and get some less than ideal accounts off their books. However, most do not want to put themselves in a position where they get periodic boosts to their balance sheet via these sales but are unable to maintain steady or consistent profits because they are uncertain as to the future price of sale pools. Instead, some are opting to use a "forward flow" agreement to create a more consistent income flow from the sale of these debts.
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August 27, 2021

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According to the Federal Reserve's May-issued report, the rising prices of assets in the stock market and elsewhere are posing significant threats to the fiscal system. This report analyzes conditions that affect how stable the financial system is by reviewing vulnerabilities that affect valuation pressures, borrowing by households and businesses, funding risk, and financial leverage. It also highlights near-term hazards that could interact with these vulnerabilities if they're realized.
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June 24, 2021

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Recent news about a COVID-19 vaccine that's ready for distribution has led to a sharp steepening of the yield curve, which is a good thing for banks as interest margins will increase, and profits will follow.
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November 23, 2020

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Ally Bank has teamed up with Nintendo's Animal Crossing: New Horizons in an effort to "gamify" its attraction of younger customers.
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November 10, 2020

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EXCERPT: Americans are taking short vacations close to home these days, and leisure hotels near population centers and the beach communities are doing rather well.
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October 19, 2020

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August 3, 2020

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The uncertainty that came about as a result of the Madden v. Midland Funding ruling has been a concern among lenders, but the OCC's final rule confirming the "valid when made" principle may give banks a pass, which is a positive thing for secondary loan markets.
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Regulatory.. Trending

Defining "Valid When Made" by OCC is a Benefit to Banks, Fintech, and the Market

July 30, 2020

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Banks and Credit Unions have seen a drop in lending and a surge in deposits as economic uncertainty continues amidst the coronavirus pandemic. Adding short-term, higher-quality consumer loans that have some yield to them should be the next step for financial institutions.
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July 9, 2020

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Despite efforts by the FCC to issue millions of dollars in fines against companies making illegal robocalls, very little has actually been collected.
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June 24, 2020

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Boat and RV sales are through the roof as Americans look for an acceptable form of social distancing vacationing, and lenders holding these loans can benefit.
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June 15, 2020

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As people start heading back to work after lockdowns to curb the coronavirus, safety measures are being adopted by employers. The question is, how much will such measures affect the "new" working environment?
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How Going Back to Work May Be Affected

June 1, 2020

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May 13, 2020

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April 23, 2020

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Credit union and bank associations are teaming up to reassure consumers they are healthy and available to help amid the current coronavirus pandemic.
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April 1, 2020

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Even during times of great economic stress stemming from the coronavirus pandemic, credit unions will remain strong. Consumers should feel reassured knowing their credit unions are keeping client assets secure.
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March 30, 2020

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Digital banking is coming, and banks and credit unions need to develop digital platforms and digital offerings, or they will be left behind.
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March 23, 2020

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March 17, 2020

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The ongoing spread of the coronavirus has already dampened worldwide growth, and it could get worse. Given the uncertainty that lies ahead, now's the time to recession-proof your loan portfolio.
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March 2, 2020

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Banks and lenders expect to tighten their lending standards as they anticipate a trend of increased delinquencies and losses. To mitigate this effect, loan sales of distressed assets by a trusted loan sale advisor is recommended.
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February 21, 2020

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February 18, 2020

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The coronavirus is having a dire impact on the global economy. It is reaching as far as the U.S. in terms of hits to the U.S. stock market, consumers, and the domestic economy. Financial institutions are taking steps to protect their balance sheets amidst such economic uncertainty.
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February 10, 2020

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Bank mergers have become something of a trend over recent years, and more mergers are likely. As such, a clean balance sheet makes a merger easier, prompting banks to clean their balance sheet now while prices are still high.
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January 7, 2020

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While it has long been assumed that younger consumers don't like or trust big banks, new research suggests that the opposite is true. Big banks and credit unions are still in the game and are still very much in the running to retain current clients and obtain new ones.
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Fintech Trending

Younger Generations Still Trust Big Banks

November 13, 2019

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The CECL standard has now been delayed for all but SEC reporting banks according to a new FASB vote, which will have a major impact on mid-sized and large banks but will be delayed until 2023 for others.
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Trending

CECL Has Been Delayed for Most Lenders

November 7, 2019

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The trucking industry may be humming, but weak companies in the industry that leveraged up in last year's boom are now experiencing difficulty. And credit unions and banks holding these assets may need to consider selling these underperforming assets while the general market is still positive.
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October 8, 2019

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Lenders must be wary of lending on assets that have government regulatory involvement, such as taxi medallions. As such, prudent lending should always be done on an individual basis. Any distressed taxi loans should be dealt with swiftly, and Garnet Capital can help.
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October 3, 2019

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The CFPB will hold its symposium on September 19, 2019, to discuss behavioral economics and how it impacts consumer finances.
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September 18, 2019

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September 13, 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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Puerto Rico is becoming an attractive area for investment if you're in-the-know about the island, the local laws, and the economy. Is now a good time to set your investment sights on Puerto Rico?
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August 23, 2019

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Niche lending can help banks, credit unions and other lenders diversify their products and income streams. But without proper precautions and measures put in place, they may also find adjusting their portfolios problematic.
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Consumer L.. Trending

An Effective Solution to a Common Problem for Niche Lenders

August 9, 2019

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The FASB's CECL standards may be delayed in implementation for certain banks, but that doesn't mean they should delay in making any necessary changes to be prepared for the new accounting standards.
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August 6, 2019

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Artificial intelligence (AI) may be streamlining the lending process for lenders in terms of determining who is creditworthy enough for a loan, but there is a concern that AI may be creating different effects among different classes of applicants.
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July 23, 2019

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June 26, 2019

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Many bank executives believe that consumers may be on the brink of forgoing traditional brick and mortar branches.
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June 11, 2019

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The CFPB proposed new rules recently that is aimed at helping to cut back on the number of collection calls consumers would receive from creditors.
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June 7, 2019

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A new report from J.D. Power shows that customers are sticking with their bricks and mortar banks, despite the prevalence of mobile and new technology.
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May 21, 2019

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The leaders of the biggest banks spent a few hours getting grilled by Congress recently, with their salaries among one of the hot topics discussed.
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April 29, 2019

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Bankruptcies are hitting farmers across the US hard - particularly among those across the Farm Belt in the Midwest - as trade wars, low prices, and increased foreign competition loom large.
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April 12, 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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It's a common misconception that selling loans only makes sense when credit is poor. In reality, banks and credit unions will find benefits to selling certain loans even when credit quality is good.
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Pricing Trending

The Business Case for Selling When Credit Quality is Good

March 14, 2019

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Many banks need to scale up to compete with larger banks. Here’s a look at how they’re doing it.
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Trending

How Banks Continue to Grow

February 27, 2019

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The new CECL accounting standard may cause banks to change the conditions and terms of their loans. Here’s a look at where things stand.
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February 25, 2019

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Small businesses needing loans are increasingly turning to nonbank lenders. Why? Because banks became more risk-adverse about small business loans after 2008. Banks should partner with nonbank originators to reap the rewards of the latter's increased small business lending.
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December 26, 2018

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More investors are turning toward subprime loans to obtain better yields, for both bonds and whole loans. Currently, subprime loans backed by automobiles offer rates over 6% - about 100% more than the current yield on a 10-year Treasury - according to the Wall Street Journal.
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December 18, 2018

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Banks and credit unions are worried about the potential impact of a required conversion to current and expected credit loss (CECL) accounting from the currently used incurred loss system. But it is not clear whether proposals to modify or delay CECL from the current conversion dates will be successful. Right now, banks will transition on January 1, 2020, and credit unions two years later.<
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Trending

CECL Is Coming: Here's How to Prepare

December 11, 2018

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Puerto Rico's largest bank turned in strong growth in the just-completed third quarter over year-ago results, which were impacted by Hurricane Maria. The results are a sign of economic recovery on the island, making it attractive for investors.
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November 9, 2018

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Some small banks are either unable or unwilling to invest in digital solutions for their customers. According to one CEO, this could put banks in jeopardy of falling behind in the tech enabling surge as partnerships and M&A activity increases in this sector. A partnership with the right loan sale advisor can help to facilitate much-needed product availability for small banks.
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November 8, 2018

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Puerto Rico was devastated in September 2017 by Hurricane Maria, the worst hurricane in 85 years. But hotels and restaurants have rebuilt and are aggressively courting tourists for the coming year. The tourism industry is responsible for 7% of Puerto Rico's GDP, and its rebound is economic good news for the island and banks who do business with it.
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November 2, 2018

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Banks and credit unions who have outstanding New York City taxi medallion loans are suffering due to the drops in the price of taxi medallions in the wake of disruption from ride-hailing apps such as Uber and Lyft. Many of these financial institutions have closed or been acquired
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October 15, 2018

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Banks have traditionally not been able to offer small, short-term loans with higher interest rates than personal loans or credit cards of the type often dubbed "payday" loans. However, the market is underserved currently. U.S. Bank has recently rolled out a product for this market.
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October 11, 2018

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The economy continues to roar, but it isn’t helping banks in terms of their loan growth. Loans overall and C&I lines continue to experience much weaker growth than a few years ago. Not only that, but promising upticks in loans earlier in the year have now decelerated. Unless a turnaround occurs in the second half of the year, this seems likely to affect small and midsize banks and credit union earnings going forward, and ultimately, their stock prices.
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September 26, 2018

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The Fed has provided strong signals that it will continue to increase interest rates. This suggests that banks should consider purchasing shorter-term assets to gain the best risk/return mix.
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September 25, 2018

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Robust job creation and wage growth was reported in the most recent DoL statistics in August. Both are likely to increase both consumer optimism and borrowing ability going forward, which is good news for financial institutions.
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September 24, 2018

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Banks and fintechs are increasingly forming partnerships to drive business. The predominant forms of partnership are either joint ventures between banks and fintechs or a bank developing an in-house fintech operation. The track record of each, however, indicates that both partnership paradigms can be challenging. Banks may benefit more from innovative recent methods, such as lending to, or purchasing loans from, existing fintech consumer loan platforms
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September 21, 2018

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September 17, 2018

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September 12, 2018

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Trending

Spotty Loan Growth Across Big Banks

August 17, 2018

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August 1, 2018

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Trending

Business Loans Pick Up at Last

July 20, 2018

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July 16, 2018

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July 5, 2018

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July 3, 2018

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June 18, 2018

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June 13, 2018

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May 29, 2018

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May 14, 2018

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April 10, 2018

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April 9, 2018

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Trending

Will Amazon Crush Banks?

April 5, 2018

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Trending Regulatory..

The Future of Dodd-Frank: Pulling Back Bank Regulations

March 21, 2018

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Trending

Cybercrime and the Banking Industry

March 13, 2018

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March 8, 2018

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March 6, 2018

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Trending

New Tax Laws And Bank Earnings

January 29, 2018

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December 20, 2017

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November 9, 2017

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October 10, 2017

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September 19, 2017

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Trending

Banks Respond to Hurricane Harvey

September 13, 2017

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September 7, 2017

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Trending

Credit Union - Bank Acquisitions

August 23, 2017

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August 11, 2017

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Fintech Trending

Online Financial Companies and Banks Join Forces

July 13, 2017

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Industry Outlook Trending

The Consumer Finance Protection Bureau Moves Slowly on Debt Collection

July 7, 2017

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Residential Trending

Nonbank Institutions Move into Mortgage Servicing Business; Banks Exit

June 28, 2017

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Trending

Sales of Homes and Autos Down This Year

June 14, 2017

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June 7, 2017

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May 22, 2017

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May 5, 2017

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April 26, 2017

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April 11, 2017

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March 23, 2017

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March 9, 2017

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Consumer L.. Trending

Banks are Stepping Up to the Plate With Solar Panel Lending

March 2, 2017

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Trending

Banks Add Loans and Increase Profits

February 13, 2017

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February 1, 2017

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January 30, 2017

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Consumer L.. Trending

Consumer Loan Delinquencies Increase as Economy Improves

January 5, 2017

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Trending

What's Ahead for Credit Unions?

December 29, 2016

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November 30, 2016

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Trending

Lending on Taxi Medallions Takes a Hit

November 4, 2016

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November 3, 2016

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October 25, 2016

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October 13, 2016

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September 30, 2016

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Trending

John Kanas Steps Down

September 19, 2016

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August 12, 2016

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August 2, 2016

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Trending

New Age Banking: Trends to Be Aware Of

July 29, 2016

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Trending

Banks and the CRE Market

July 8, 2016

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July 7, 2016

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June 20, 2016

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Trending

CFPB Sets Rulemaking Timetable

June 2, 2016

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May 27, 2016

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Trending

Whole Loan Sale vs. Securitization

May 19, 2016

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May 10, 2016

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April 25, 2016

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March 28, 2016

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Trending

It's Not Magic, It's Diversification

March 16, 2016

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February 8, 2016

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Trending

Loan Growth in 2016

February 1, 2016

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Consumer L.. Trending

Follow the Leaders: Getting Involved in Consumer Lending in 2016

January 25, 2016

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January 15, 2016

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January 7, 2016

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December 11, 2015

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December 7, 2015

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December 1, 2015

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November 24, 2015

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The chief executive of Royal Bank Canada, Dave McKay, said legacy banks should stop trying to force regulators to stymie Silicon Valley innovators and instead look to improve their own systems to compete.
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November 13, 2015

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It was the summer of 2014 and JPMorgan Chase disclosed it had been the victim of a crippling cyber attack. The breach exposed 83 million accounts, both personal and business, at the nation's largest bank. Now criminal charges have been handed down and significant new details made public about the vast operation.
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November 10, 2015

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While the leaders of financial institutions mostly embraced the bill, critics in the tech sector lambasted the effort as privacy nightmare that won't even stop cyberattacks.
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October 29, 2015

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A banking cybersecurity assessment tool launched this summer by a federal interagency body has sparked worries that the "optional" protocols are becoming anything but voluntary.
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October 19, 2015

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October 19, 2015

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The latest snapshot of the national economy from the Federal Reserve Board shows bank lending rising amid greater consumer spending and a strengthening housing market. The strong dollar, however, has created headwinds in the manufacturing and tourism sectors.
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October 15, 2015

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Three of the nation's largest banks reported continued robust loan growth in the third quarter.
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October 14, 2015

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Trending

Growing Student Debt: A Growing Burden

October 9, 2015

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While banks manage to fend off a greater percentage of cyberattacks than other industries, widespread data breaches outside the financial sector pose a key challenge: How can banks prevent thieves from opening new accounts or accessing existing ones with information stolen from less-secure industries?
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Trending

Bankers face fake account challenge

October 5, 2015

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Industry Outlook Trending

Outlook for Banking Industry? Promising ...

September 28, 2015

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Economy / Rates Trending

Low Interest Rates: The Good and the Bad for Banking Industry

September 28, 2015

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Market watchers see a potentially lucrative upside for the securitization of marketplace-lending backed assets.
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Fintech Trending

Is marketplace-lending backed securitization poised for lift-off?

September 25, 2015

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Choosing whether to combine or split the roles has deep implications.
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September 22, 2015

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Economy / Rates Trending

Current and Future Interest Rate Environment: Decreased Need to Raise Rates

September 17, 2015

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While Republican candidates are largely staying away from banking issues as they struggle to be heard above the welter of would-be nominees, Democratic hopefuls are to varying degrees talking tough about further financial reforms.
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September 15, 2015

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In the quarter-century before the financial crisis began in 2008, about 164 new banks opened in the United States every year. Since 2011? Roughly four. Total.
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Trending

Why aren't people opening new banks?

September 11, 2015

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Although credit card issuers remained picky about who gets their plastic, the first quarter saw new charge accounts hit their highest level since 2008.
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September 10, 2015

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There are several banking-related matters on the table, none bigger than Sen. Richard Shelby's bank reform bill.
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September 8, 2015

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Loan balances swelled $185 billion from April to June, helping banks set a record for quarterly revenue.
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September 4, 2015

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More than 80 members of the House are urging the Consumer Financial Protection Bureau to put into effect new business loan reporting requirements that became law under the Dodd-Frank Act.
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August 31, 2015

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Industry Outlook Trending

Mortgage Banking & Loan Growth Help Banks Offset Increase in Expenses

August 25, 2015

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During the due diligence phase of the merger and acquisition cycle, would-be buyers must learn about the target's loan holdings in detail.
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August 21, 2015

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Big news to hit the real estate sector recently is real estate and rental marketplace Zillow's acquisition of dotloop, a digital transaction management firm. While this is exciting for members of the real estate industry, the pairing will actually have a more widespread impact.
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Consumer L.. Trending Commercial

Zillow, dotloop pairing a sign of the future

August 21, 2015

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Across the country, nearly all banks make a significant portion of their income via fees, from overdraft fees to ATM surcharges and more. But, it doesn't have to be this way.
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Trending Commercial

One bank shows how high fees aren't needed to turn a profit

August 20, 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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In the current environment, it seems that traditional banks are actually excited about the potential offered by fintech startups.
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August 19, 2015

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Has the Dodd-Frank Act been the death knell for community banks? The answer depends on who you ask.
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Trending Regulatory..

Dodd-Frank: Good or bad for community banks?

August 19, 2015

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Trending Industry Outlook Pricing

Today's Economic Forecast? Partly Cloudy

August 19, 2015

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There are few trends that have been as popular over the past decade as energy efficiency. From solar panels on rooftops to hybrid vehicles, industries all across the board are getting involved with a "greener" focus.
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August 18, 2015

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Take a drive into town, and the one thing you won't see is a branch of Goldman Sachs. That's because the financial institution has always been about wheeling and dealing on Wall Street, not Main Street.
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Consumer L.. Trending

Goldman Sachs moves toward commercial banking

August 17, 2015

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How would you like to be paid for saving money? This is the idea that is catching on among U.S. small banks, as the popularity - and legality - of prize-linked savings accounts continues to grow.
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August 14, 2015

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Governing bodies are having a hard time keeping up with the wealth of new fintech startups out there, and that has the OCC making changes.
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August 13, 2015

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Citizens Bank and two of its subsidiaries have been fined more than $34 million for inconsistencies and unfair practices regarding its deposit processing. The fine, which includes compensation to victims, a civil penalty and federal penalties, could have a more widespread effect on other financial institutions around the country.
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August 13, 2015

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August 11, 2015

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While marketplace lending isn't as tightly regulated as traditional lending, some business owners are taking action to reshape this industry.
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Consumer L.. Trending Regulatory..

What does the future hold for marketplace lending?

August 10, 2015

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Is the traditional target for a refinanced student loan a doctor earning more than $150,000 per year? Or a lawyer several years out of law school? Perhaps not at one time, but more financial institutions are turning to this demographic as they look to grow their customer bases.
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Consumer L.. Trending

Affluent borrowers present niche market for student-loan refinancing

August 7, 2015

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Which company will become the next Uber of banking? If the ride-sharing giant has anything to say about it, it will be them.
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Consumer L.. Trending

The Uber of banking could end up being Uber itself

August 5, 2015

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We now live in a sharing economy. From DogVacay and TaskRabbit to Airbnb and Lyft, Internet companies have exploded in growth to provide fast, affordable services to an on-the-go consumer.
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August 4, 2015

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Trending Fintech

It's Banks vs the Financial Technology Industry: Competition Heats Up & Consumers Are Winning

July 29, 2015

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Trending Fintech

The Technology of Modern Banking: Changing Times

July 29, 2015

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Out of the Dodd-Frank Act came the Consumer Financial Protection Bureau, and with that power over a wide range of consumer-related services.
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July 23, 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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Customer loyalty is what a new startup - ZipCap - is banking on with its version of marketplace lending.
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Trending Commercial

New marketplace lending angle uses loyalty as collateral

July 21, 2015

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July 21, 2015

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The second-quarter reports for major financial institutions are in, and the results are mixed bag of good news, bad news and optimism.
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Consumer L.. Trending Commercial

A mixed bag for banks' Q2 reports

July 20, 2015

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With one small filing with the Securities and Exchange Commission, the future of marketplace lending, otherwise known as peer-to-peer lending, could hang in the balance.
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July 20, 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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One of the biggest problems with Internet lending has been the lack of regulation. That has changed recently, however, as more regulation is seeping into this sector.
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Trending Regulatory..

Regulation and enforcement spreading across Internet lending

July 17, 2015

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As JPMorgan makes its shareholders happy, its chief financial officer, Marianne Lake, has her eye on a looming trend in the financial services industry: higher interest rates. Specifically, how higher rates will impact deposit pricing.
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July 17, 2015

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You drop your mail off at the post office, but would you deposit your check at the post office too?
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Trending Regulatory..

The 'post office bank' hits obvious roadblock

July 16, 2015

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The Consumer Financial Protection Bureau has immense oversight powers over a number of many financial industries, including residential financing and payday lending. However, one area where CFPB purview has lagged behind has been in auto lending.
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Consumer L.. Trending Regulatory..

CFPB push to oversee auto lending continues to grow

July 14, 2015

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Tools like online and mobile banking, as well as the steady decline of brick-and-mortar branches, has many people assuming it is the end of the traditional form of banking.
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July 13, 2015

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Economy / Rates Trending

Banks Are Optimistic In a Rising Interest Rate Environment

July 13, 2015

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Virtual banking has been billed as the new market disruptor to the banking sector. Although these new entrants offer debit transactions and money-tracking software, virtual banks still only offer one-tenth of the options of a full-service bank, according to American Banker.
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July 9, 2015

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Pricing Trending

Banks Seek Portfolio Optimization in Low-Rate, High-Compliance Environment

July 1, 2015

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June 30, 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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Commercial Trending

Banks Making More Commercial Loans to Businesses

June 15, 2015

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Regulatory.. Trending

CFPB Expands Consumer Complaint Options About Financial Services

June 15, 2015

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C/O and BK Residential Trending

Government Regulation Leads to Unexpected Consequences

June 15, 2015

Excerpt:

The two youngest generations today - millennials and Generation Z - may actually be satisfied with their banks, especially the larger ones. In fact, young adults may not hate banks at all. They could actually like them.
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May 28, 2015

Excerpt:

The California economy hinges on water consumption. Without it, countless businesses could be in financial straits, and this has had an effect on individual industries and the economy as a whole.
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May 27, 2015

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Today's financial regulations are forcing more banks to leave the lending marketplace than ever before, resulting in the rise of nonbank lenders.
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May 27, 2015

Excerpt:

The overdraft fee - from a consumer perspective, these words are dreaded. From the financial institution's perspective, however, the overdraft fee income has been an important part of free checking accounts.
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Trending

Tech-savvy consumers cost banks money

April 30, 2015

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Overall, online lending has proven to be beneficial for a certain type of borrower, but investors should be aware of the risks involved.
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Consumer L.. Trending Commercial

Investing with online lenders requires careful consideration

April 30, 2015

Excerpt:

An opportunity for consumers today could be FICO itself, which has recently announced it is working on a new score that would be catered to underbanked borrowers.
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Consumer L.. Trending Regulatory..

New FICO scores feel resistance from established bankers

April 30, 2015

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

Home Bancshares recently took an innovative approach to bolstering loan growth, buying nearly $300 million worth of national commercial real estate loans. The Conway, Arkansas-based bank was able to snap up this loan portfolio after Doral Bank's failure, purchasing it from private equity firm J.C. Flowers & Co.
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Pricing Trending Regulatory.. Commercial

Home Bancshares takes creative approach to loan growth

April 27, 2015

Excerpt:

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

Excerpt:

Online lending marketplace Lendio recently raised more than $20 million through a funding round led by Napier Park Financial Partners. South Jordan, Utah-based Lendio, which uses innovative technology to connect small businesses with lenders, plans to use the money to enhance its relationships with lenders, invest in improving its online resources and expand its partnership program.
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Pricing Trending Regulatory.. Commercial

Lendio raises $20 million to invigorate online lending

April 27, 2015

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

Subprime lender Santander Consumer USA Holdings (SCUSA) recently announced a smaller provision for credit losses amid otherwise general concerns that deteriorating lending standards could impact credit quality. The company cut this reserve to $560 million in the fourth quarter of 2014 from $770 million during the prior period.
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Pricing Consumer L.. Trending

Santander Consumer USA optimistic about credit outlook

February 13, 2015

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

The Consumer Financial Protection Bureau recently proposed a system that would help academic institutions enjoy greater visibility into the products and services that banks are offering students, according to a statement released Jan. 14.
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Consumer L.. Trending

CFPB proposes 'scorecard' to evaluate banks' student offerings

January 21, 2015

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

Non-bank lender Progreso Financiero recently announced plans to change its name to Oportun - based on the Spanish word for opportunity - to reflect the value it provides to underserved Hispanic borrowers.
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Pricing Consumer L.. Trending

Progreso Financiero to rebrand itself as Oportun

January 6, 2015

Excerpt:

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

Excerpt:

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

Excerpt:

Brazil's payments market has been growing rapidly, and this expansion has combined with several other factors to lay the foundation for a potential surge in mobile payments, technology expert Bethan Cowper wrote in American Banker.
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Trending

Brazil leads the way in mobile payments

December 12, 2014

Excerpt:

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

Excerpt:

While headlines have been filled with subjects about the rising cost of college education, the financial challenges of students are becoming less severe, a handful of reports stated recently.
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Pricing Consumer L.. Trending

Student loan borrowing slows, as net price of many colleges declines

November 24, 2014

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

Doral Financial, holding company for Doral Bank, prevailed in its recent legal battle with Puerto Rico's Treasury Department, which involved a disputed tax refund.
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October 15, 2014

Excerpt:

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

Excerpt:

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

Excerpt:

Commercial lending has improved steadily over the last several years, but this recovery has certainly encountered some obstacles along the way.
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Pricing Trending Commercial

Commercial lending hits some speed bumps over the summer

September 25, 2014

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

JPMorgan Chase recently caused a stir by announcing that utilization rates for its commercial credit lines moved higher in the first half of this year.
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Pricing Trending Commercial

JPMorgan's rising commercial utilization could signal pickup in growth

August 25, 2014

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

Many consumers have lackluster feelings about the economy or their household income, according to the results of a recent Fannie Mae poll.
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Pricing Consumer L.. Trending Commercial

Fannie Mae poll: Weak consumer sentiment hampers housing market

June 17, 2014

Excerpt:

One new initiative that is making waves in the credit markets is Square Capital, which lets small businesses secure capital in exchange for a claim on their future revenue stream.
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Consumer L.. Trending

Square shakes up small business lending with merchant cash advances

June 16, 2014

Excerpt:

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

Excerpt:

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

Excerpt:

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

Excerpt:

The U.S. Treasury Department recently announced the outcome of its latest auction of 10-year notes.
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