Mobile checking fintechs look to pick off unhappy small-business customers

NorthOne’s U.S. launch joins other app providers hoping to attract entrepreneurs and freelancers with features such as real-time insights into cash flow.
Source: American Banker

Here are the best places to retire

If you’re aiming to retire in your mid-60’s, AARP recommends saving 10 to 12 times more than your current income. But where will that money take you? Which markets get you the most bang for your buck? Here’s your answer.
Source: HousingWire Magazine

Temenos will buy digital banking software vendor Kony

The core-banking provider Temenos, based in Geneva, was drawn to Kony’s strong U.S. presence, its software for banks and a special app it owns.
Source: American Banker

Bank Iowa agrees to buy First State Bank of Colfax

Bank Iowa will gain a branch in a neighboring market when it completes the acquisition.
Source: American Banker

Fannie Mae, Freddie Mac offering financial assistance to those in Hurricane Dorian's path

Hurricane Dorian is forecasted to slam the Florida coast this weekend as a Category 4 hurricane. As Florida prepares for Hurricane Dorian’s wrath, Freddie Mac, Fannie Mae and Department of Housing and Urban Development are offering relief services for those affected.
Source: HousingWire Magazine

First American says nation's low-interest rate environment has reduced mortgage defect risk

In July, America’s mortgage defect risk declined 5% from the month prior, according to the latest First American Loan Application Defect Index. First American Chief Economist Mark Fleming said July’s decline can be attributed to the nation’s low mortgage rates, which have eased market competition and led to an increase of lower-risk refinance transactions.
Source: HousingWire Magazine

PNC goes live on RippleNet

PNC has gone live on RippleNet, giving the blockchain company a major win in its effort to build a real-time cross-border payments network that includes large U.S. banks.
Source: American Banker

Comment on Appraiser Pressure: What Agents/Brokers Need to Know about Filing Complaints by Terry

Did you pursue filing a complaint? If yes, what were the results? I am currently experiencing the same issue. The appraiser used comps of houses that had little to no updates. Both realtors were shocked when the appraisal came back so low.

Source: Working RE Magazine

Pacific Mercantile hires regional banker as its CEO

Brad Dinsmore, who will also serve as the California company’s president, once was in charge of several key lines at SunTrust, including consumer banking and private wealth management.
Source: American Banker

Let’s put some perspective around the small-dollar loan debate

The debate over the CFPB’s plan to revamp its payday lending regulation should focus on the benefits for borrowers.
Source: American Banker