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Patriot National Hits Regulatory Snag In SBA Platform Plans

PYMNTS

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge. Hana is one of the largest SBA lenders, facilitating $96.6

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Santander Rolling Out US Digital Deposits To Rival Goldman

PYMNTS

The bank is planning to roll out a “national deposit gathering platform” in 2020 to reel in more attractive rates for its consumer business, Scott Powell, chief executive officer (CEO) of Santander in the U.S., investments, Santander aims to establish a new online portal with better money market rates than Wall Street banks, Powell said.

Metro 101
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A Continued Decline in Housing Inventory

TrustBank

If you are looking to buy a house, you have likely observed that the real estate market is very competitive, with increased bidding activity leading to higher prices. One reason that the real estate market is so hot is that there is very low housing inventory available. National Home Price NSA Index reported a 13.2%

Metro 52
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Vacancy Rate At Shopping Centers Hit 10.2 Percent In First Quarter

PYMNTS

Reuters , citing Reis, the real estate research firm, reported the vacancy rate in 28 of the 77 metro areas increased during the first three months of 2019. As the retail sector continues to undergo restructuring, a number of retail real estate markets face more vacancies and falling rents. percent to 9.3 New construction plummeted 53.9

Metro 125
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DOJ announces settlement of redlining lawsuit

CFPB Monitor

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area).

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BankBazaar Aspiration Index 2021

BankBazaar

National Aspiration Index Up From Last Year. As per the latest study, the National Aspiration Index for 2021 stands at 84.4, Non-metros (85%) were a little more affected compared to metros (81%). This month, we launched the fourth edition of the award-winning BankBazaar Aspiration Index. up from last year’s dismal 79.9.

Metro 78
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COVID-19 Looks Set To Raze Online Home Sales (And Agents’ Jobs)

PYMNTS

housing market, which itself is poised to take a hit where no part of the U.S. The housing market depends on the sanguine attitude of the U.S. In many metro areas, listing volumes were down between high teens percentage rates to more than 40 percent. The quartet includes Zillow Group, Offerpad, Redfin and Opendoor Labs.

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