PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security.

Regulation 175

Regulation Data Regional Examples 175

Jeff For Banks

OCTOBER 4, 2014

Lending Club funded $5 billion in loans since its founding in 2007. Aside from the cyber security of it, let''s think of the implications from a corporate accounting system that wants to interact directly with the bank''s core. Was ING Direct a disruptor? Simple sold to BBVA, touting 120,000 accounts. And Quicken Loans.

Technology 105

Technology Cyber Security FDIC Strategy 105

American Banker

MAY 24, 2016

A three-judge panel said federal prosecutors failed to prove Countrywide Financial, later acquired by B of A, had defrauded Fannie Mae and Freddie Mac when it sold them troubled loans in 2007 and 2008. While it found Countrywide knew it was selling faulty loans there was a lack of evidence of intent to deceive at…

Security 31

Security America Regional National 31

American Banker

NOVEMBER 21, 2016

Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime mortgage backed securities in 2006 and 2007.

Detroit 28

Detroit Security Regional National 28

Jeff For Banks

JUNE 24, 2010

Much of the standoff revolves around real estate secured lending. This preference resulted in real estate assets (including mortgage-backed securities) representing 44.1% Our current slump, which started at the end of 2007 was real estate driven. dropped 24% from 2007 through the first quarter 2010.

Lending 66

Lending FDIC Regulation Regional 66

South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). While national banks took the brunt of subprime mortgage losses, in the years (2008-2013) following the Great Recession, credit risk spread to CRE.

Community Bank 195

Community Bank Community Los Angeles Regional 195

FICO

NOVEMBER 11, 2019

One driver of this observation is likely the FCRA-mandated seven-year purge rule for negative information, which means that missed payments reported in the 2007-2009 period (epicenter of the recession) have been dropping off of people’s credit reports. Which states have seen the biggest increase over time? How do major U.S. cities compare?

Las Vegas 40

Las Vegas District of Columbia US San Francisco 40