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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.

Cleveland 150
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Community financial institutions – get personal to stay competitive

NCR

It’s an interesting time to be a community financial institution (FI) right now. For smaller community banks and credit unions in the US, it might seem like a difficult time to do business, with so much change, intensifying competition and regulatory compliance to contend with. Challenges for community financial institutions.

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Lawmakers Question Amazon About Ring Smart Doorbell Data

PYMNTS

Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and video, according to a report by CNBC. Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter Wednesday (Nov.

Data 100
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NEW REPORT: How Navy Federal Keeps Service Members’ Finances In Shipshape

PYMNTS

In the August/September Credit Union Tracker , PYMNTS follows the latest developments in the credit union market, including recent collaborations from around the space. In Michigan, a group of credit unions recently joined forces to form a new financial institution (FI): a bank. Around The Credit Union World.

Michigan 100
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When Suds Go X-Border

PYMNTS

beer market is worth nearly $106 billion. Long is the CEO of Brew Export, a comprehensive solution for brewers entering international markets, as well as a resident of Grand Rapids, Michigan — otherwise known, as she’s quick to point out, as “Beer City, USA.” Beer City’ And Beyond. Brew Export even offers U.S.

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How mPOS Helps Vendors Keep On (Food) Truckin’

PYMNTS

Music festivals, sporting events and other community gatherings frequently turn to them to cater food that’s fast and cheap. Daniel Kahn, MD, co-owner of the GreenSpace Café in Detroit, Michigan, saw the rise of food trucks as a chance to reinvigorate business at his restaurant.

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Banking's Total Return Top 5: 2015 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. And yes, another Michigan bank. It's size today, at $2.4 But management went to work. What a ride! #3.