Painter Kenneth Noland said, “Context is key – from that comes the understanding of everything.” Whether that is true in the world of art I could not tell you, but it is most certainly true in the world of economics. What are numbers but meaningless points? It is when those points are considered in the […]
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Entries by Lindsay
It’s been six weeks since the Paycheck Protection Program expired and banks started filing forgiveness applications on behalf of borrowers. So why isn’t the Small Business Administration responding? Source: American Banker
Just two months after its public debut, Rocket Companies is looking to bulk up its wholesale operation by sweetening the pot for mortgage brokers. The Detroit-based firm, which began 35 years ago as a mortgage broker shop in southeast Michigan, is rebranding Quicken Loans Mortgage Services to Rocket Pro TPO. Included in the rebranding is […]
The bank worked with TravelBank, a fintech, to offer virtual cards and an app that automatically generates expense reports. Source: American Banker
The app, dubbed One, allows users to save, spend, borrow and even share funds from a single account. Source: American Banker
Sales of existing homes rose to a 14-year high of 6 million in August, the National Association of Realtors said in a report on Tuesday. Combined sales of single-family houses, townhomes, condominiums and cooperatively owned apartments rose 2.4% from July, according to the report. Compared to a year ago, prior to the COVID-19 pandemic, last […]
Sergio Ermotti joined JPMorgan Chase’s Jamie Dimon in expressing concern about the long-term consequences of remote work. Source: American Banker
The credit union turned to a new engagement strategy for employees after the pandemic forced most of the organization to transition to working from home. Source: American Banker
Sandra K. Adomatis, SRA, of Punta Gorda, Florida, was honored Monday with the Appraisal Institute’s Lifetime Achievement Award, and James L. Henderson, SRA, of Lakeland, Florida; Charles R. Mills, MAI, SRA, AI-GRS, of Jeffersonville, Indiana; and César Servando Cantú Martínez, MAI, SRA, AI-GRS, of Monterrey, Mexico, were recognized with the Outstanding Service Award during the […]
The agency issued an interpretive letter on stablecoins two months after permitting institutions to provide wallet services for cryptocurrency holdings. Source: American Banker
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