Zillow plans event to “hack” housing

Zillow plans event to “hack” housing

Offers $10,000 prize for creative solutions to jumpstart market

CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme

Mega banks will pay $35.7 million total

Here are the hottest neighborhoods for 2015

This year it’s all about affordability
W S
Lending / The Ticker

Regional bank stocks take a hit

stock down
/ Print / Reprints /
| Share More
/ Text Size+

According to MarketWatch, regional banks stocks took a hit Monday as news of slow loan growth and difficult interest margins put a dent in the stocks.

Banc of California Inc. was down nearly 5% after reporting quarterly results Friday that missed expectations, and Gary Tenner at D.A. Davidson & Co. knocked down his predictions for the stock price.

It’s also the start of bank conference season, and the mood following last week’s BancAnalysts Association of Boston conference was pretty melancholy. The general consensus, analysts said, was that if the cold fear of the financial crisis is gone, what it’s been replaced by is growth that’s only slow and toilsome. The recurring themes were controlling costs, the declining mortgage banking business and unimpressive loan demand. “Uninspiring tone” is how analysts at Evercore summed it up.

Source: MarketWatch
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus