article thumbnail

Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

Lending is getting riskier. This data is critical for pricing, capital allocation, and marketing. As can be seen, the consumer is starting to feel the credit shock first while commercial lending is still performing. Minnesota, North Dakota, and Iowa were the least risky states to lend into. This quarter, it is 2.58%.

Trends 195
article thumbnail

Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

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. • Hartford, Connecticut – United Bank ($1.19 Flagstar capitalizes on going local, too. banks and credit unions.

Cleveland 150
article thumbnail

Why Banks Merge: Listen to the Sellers

Jeff For Banks

will provide greater capital resources and operational scale that will allow us to grow as part of a larger community bank." - Loralee Hutchinson, President of Alarion Financial Services, Inc. Read: We need to be bigger and have more capital to keep up with regulation and the industry. "Our combination.

article thumbnail

A bridge to affordable housing

Independent Banker

When two executives at Woodforest National Bank noticed a dearth of affordable housing options in southeast Texas, they decided to do something about it, partnering with several housing and community groups to launch an innovative mortgage lending product aimed at underserved clients. Aileen McDonough is a writer in Connecticut.

Austin 91
article thumbnail

Impact Roadshow | Meriden, CT

Filene

Local Host: Credit Union League of Connecticut. QCash - An omni-channel lending solution that offers relationship based underwriting (without credit check) to members in search for small, short-term unsecured loans. 2:00 p.m. - Filene Host: Tansley Stearns. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW?

article thumbnail

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion. HQ: Shelton, Connecticut. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Tags: Consumer, credit, lending, loans, underwriting, investing, P2P.