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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

Cleveland 150
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The ICBA 22/23 executive committee is all in

Independent Banker

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

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Fifth Third Taps Accion To Reach More SME Borrowers

PYMNTS

Reports late last week said the bank will work with SME lending portal Accion, a nonprofit company, to facilitate the financing of these companies across five states: Florida, Indiana, Illinois, Michigan and Ohio. They are essential to economic growth and development.

Indiana 109
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PayPal (Maybe) Pulls Ahead Of The SMB Lending Pack

PYMNTS

Plus, there is new evidence that the middle-market business community fared particularly well in the first quarter. middle-market in the recently released Golub Capital Altman Index. Beyond the U.S., news from China found additional fuel for a rosy small business outlook. percent during the first quarter. 4 spots, respectively).

Lending 168
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How Credit Unions Help SMBs Get Creative To Navigate Market Uncertainty

PYMNTS

Small businesses are turning toward their financial service providers now more than ever, not only for access to working capital and key products to run their business, but also for advisory services and guidance on how to navigate today's volatile market.

Marketing 165
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As Losses And Costs Rise, Alphabet Promotes Waymo’s Promise

PYMNTS

Though most testing takes place in California, those operations also are conducted in Arizona, Texas, Georgia, Michigan and Washington State. With the partnership, Waymo said it can offer its self-driving services to communities around the country. The technology has undergone five billion hours of simulations, he said.

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Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop

PYMNTS

This is the kind of omnichannel partnership and offering that can redefine convenience for our customers and communities – delivering items to homes in minutes, not hours or days.”. The company said it is “in a unique position to capitalize on the convenience of drone delivery if and when it should expand.”

Retail 112