Items Tagged with 'American Bankers Association'

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ABA: Here's proof rising home equity levels are good for consumers

Demand for home loans increasing
Even before Brexit hit, mortgage rates were at historical lows, igniting a surge in demand for home equity loans at the end of last year and into this year. After the financial crisis, home equity lines of credit fell to the wayside as lenders tried to avoid new defaults, but this is no longer an issue according this new report.
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From HW Magazine

Outsourcing: How to manage your weakest link

Two critical areas with third-party vendors
Unfortunately, as regulators take a harder look at third parties and their shortcomings, it often leads them straight back to the lenders and servicers who are supposed to be managing them. And with the financial penalties for third-party violations so significant, that’s the last thing lenders and servicers need.
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Former Oklahoma Gov. Frank Keating joins J. Ronald Terwilliger Foundation

Recently retired as president and CEO of American Bankers Association
The J. Ronald Terwilliger Foundation for Housing America’s Families announced Wednesday that Frank Keating, the former governor of Oklahoma, is joining the foundation’s executive committee. Keating joins the Terwilliger Foundation after recently retiring as president and CEO of the American Bankers Association.
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SCOTUS agrees to hear challenge to disparate impact in housing

Decision in Texas housing case could rock housing, mortgage financing
For the third time, the U.S. Supreme Court has assented to hear a case that could overturn the Obama administration’s heavy-handed use of a theory that says even if there’s no evidence of discrimination in housing, unequal outcomes prove there’s discrimination.
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Could the post office get into the mortgage business?

It’s not as crazy as you might think

For consumers, having a little more choice in banking wouldn’t be the worst thing in the world. We’ve certainly seen what banks can do when left to their own devices. But on the other hand, it’s not like the post office is a bastion of economic excellence either.


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ABA, SunTrust launch new mortgage program

Expands banker’s ability to serve clients
A new solution through the American Bankers Association gives bankers an extra lifeline to help support their clients by allowing bankers to sell mortgage loans to SunTrust as a correspondent lender.
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5 ways the Volcker rule will destroy job creation

Compliance nightmare blocks capital for the engine of job creation
The Volcker Rule's labyrinth of rules and pointless regulations will turn off the tap of credit and capital to start-ups and small businesses — the source of most job creation — at a time when job creation is needed most and hits community banks good and hard.
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