TrustBank
DECEMBER 8, 2022
The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. From Q2 of 1993 through the end of 2007, household debt as a percentage of disposable personal income climbed by 26% to13.1%. Is consumerism in America cultural?
Jeff For Banks
JANUARY 19, 2013
We have a long way to go before recapturing the home price highs of 2006 and 2007, but it is a start. The “Fiscal Cliff” Who in their right minds would have so many critical tax codes and laws expiring all on the same year-end date? The tax bracket changes become permanent and that will allow planning to resume.
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Jeff For Banks
MARCH 21, 2024
Trillions of dollars of subsidies on “green” BS projects, electric vehicles no one wants, tax credits, debt forgiveness, and free money all fuel demand and contribute to inflation. It sounds like 2007 all over again, when people got tired of looking at LEI and then in 2008, all hell broke loose. Real GDP was +3.2% in 4Q23, of which.73%
Jeff For Banks
JUNE 2, 2023
More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. To you, manage your interest rate risk. Between 1980 and 1995, more than 2,900 banks and thrifts with collective assets of more than $2.2
Jeff For Banks
AUGUST 12, 2018
This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. In my career, I’ve lived through many years of the Fed raising interest rates and it’s my experience that they usually tighten too much and keep rates high for too long, just like in 2001 and 2006-2007. The economy has grown 2.2%
Independent Banker
FEBRUARY 25, 2015
As that older generation continues to age, reverse mortgages could become mainstream financial planning products that increasingly more house-rich but cash-strapped senior borrowers will need, says Dan Barksdale, a division manager for FirstBank in Lexington, Tenn., who oversees 32 loan officers dedicated to providing the loans.
Jeff For Banks
APRIL 12, 2018
Mortgage bankers and brokers own a significant share of market (although less than prior to the 2007-08 financial crisis). But if executive management and the Board aren't committed to pursuing consumer lending to be more prominent on your balance sheet, then you will not succeed. pre-tax profit as a percent of the portfolio.
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