Entries by Lindsay

Rakuten refiles with FDIC for ILC charter

The Japanese e-commerce giant is taking another run at a U.S. banking charter after receiving feedback from the Federal Deposit Insurance Corp. about its initial application, which was withdrawn earlier this year. Source: American Banker

When looking for signs of housing recovery, look to builder confidence data

In a recent guest contribution to HousingWire, Romi Mahajan suggested that the  National Association of Home Builders Housing Market Index is “inefficient, unscientific” and not predictive of future sales – In other words, useless or even “damaging” to the economy.  I disagree. The NAHB HMI is a builder confidence survey that provides a gauge of […]

Kleard offers self-guided home tours

Real estate tech company Kleard has launched a new self-tour technology and app for homebuyers to tour homes on their own. The platform, Kleard Now, allows potential buyers to verify their identities, unlock participating homes and view them without an agent present, the company announced Thursday. Self-guided home tours using apps is not new; the […]

Forbearance requests slow to a trickle, Black Knight says

Requests for help from borrowers have slowed with the total number of mortgages in forbearance at about 4.8 million, Black Knight said on Thursday. Only 7,000 mortgages entered forbearance this week, Black Knight said. “Volumes of forbearance plans have flattened, and in fact new inflows have slowed to a relative trickle,” the mortgage data firm […]

6 key Senate races for bankers to watch

Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs. Source: American Banker

Fed policies ‘absolutely’ don’t add to inequality, Powell says

Chairman Jerome Powell said the Federal Reserve’s actions during the coronavirus outbreak have been aimed squarely at helping U.S. workers, not Wall Street or wealthier Americans. He also said Friday that a new lending program geared toward middle-market firms is “days away” from getting up and running. Source: American Banker