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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.

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Regulators Need to Approve New Types of Banks: N.C. Banking Commish

American Banker

Ray Grace, North Carolina's banking commissioner, believes federal bank regulators should embrace charters for banks dedicated to innovation. Doing so, he said, would help the banking industry secure its spot as a "laboratory for change.".

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Four Reasons for the 2007-08 Financial Crisis

Jeff For Banks

There have been quite a number of research pieces offered as to the root causes (read a good one here by University of North Carolina). Community financial institutions make their debut here, as they purchased bonds, typically highly rated, backed by mortgages that also had insurance applied to them. What could go wrong?

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Banking"s Top 5 Total Return to Shareholders: 2020 Edition

Jeff For Banks

a management and technology consulting firm that engages in the settlement accounting, and securitization process for SBA and USDA guaranteed loans; and, get this, Live Oak Grove, LLC, which is their on-site restaurant for employees in Wilmington, North Carolina. This bank lends to startups without positive cash flow.

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LendingTree Launches CRA-Eligibility Tool

Fintech Labs Insights

Online loan marketplace LendingTree launched a new tool to help lenders comply with Community Reinvestment Act (CRA) regulations, which were enacted in 1977 to encourage banks to rebuild communities. LendingTree uses alerts and recommendation engine to show users money-saving opportunities.

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LendingTree Launches Student Loan Comparison Tool

Fintech Labs Insights

Pictured: LendingTree’s Gabe Dalporto (CMO and President, Lending) demonstrating My Lending Tree at FinovateSpring 2015. In order to secure refinancing, students need a picture of their driver’s license, a paystub, and a picture of their current student loan.

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Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. and equipment lending and asset based lending through Triumph Commercial Finance. (Nasdaq: MCBS) MetroCity Bankshares, Inc., Well done! #5.

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