The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black man died as a result of a white police officer kneeling on his neck, prompting nationwide protests. Source: American Banker
This author has yet to write their bio.Meanwhile lets just say that we are proud Lindsay contributed a whooping 17641 entries.
Entries by Lindsay
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 about its initial application, which was withdrawn earlier this year.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
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 […]
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 […]
Since March, issuers have tightened their criteria for opening new accounts and closed millions of existing ones in hopes of avoiding waves of defaults. Source: American Banker
The SBA issues guidance on Paycheck Protection Program loan forgiveness; after staffing up for PPP, Bank of America may need to delay investments to meet cost targets; American Express has leaned hard on cloud tech to help employees work at home during the pandemic. Source: American Banker
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 […]
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
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
Many lenders are paying close attention to liquidity and capital ratios. Others are trying to avoid overtaxing employees who process, service and handle forgiveness of the loans. Source: American Banker
Equity Solutions, USA provides a full range of services to help ensure lenders meet the stringent regulatory compliance requirement in today’s market. Combining the comprehensive knowledge of our skilled staff, advanced technology and a national panel of licensed and certified appraisers we ensure your business objectives are met, while keeping your time and cost in mind.