FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google
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 The general consensus, analysts said, was that if the cold fear of the financial crisis is gone, what it’s been replaced by is growth that’s only slow and toilsome.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