Whether it is independent mortgage banks or companies with the largest market caps in the world, new products are being developed and rolled out to help drive growth. Apple unveiled new iPhone models, versions of the AirPods Pro, and several smartwatches yesterday. Closer to home, lenders are also exploring new products to drive volume. Newrez announced a 40-Year IO option, designed to increase purchasing power for homebuyers by offering a 40-year loan term with interest-only payments for the first 10 years. The longer loan term does lower monthly payments, though I received a couple reader comments saying the CFPB will certainly be keeping its eye out for any predatory lending practices. Government is omnipresent in the financial industry, and often for the better. New guidance from the Federal Deposit Insurance Corporation (FDIC) regarding multiple re-presentment nonsufficient funds fees suggests that banks eliminate the fees altogether. (Today’s podcast is available here and
Akuvo, a technology organization specializing in credit risk and delinquency management, announces that the $3.8 billion, Colorado-based, Canvas Credit Union is now live on AKUVO Aperture.
CSU System announces Presidential Search Committee members colostate.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from colostate.edu Daily Mail and Mail on Sunday newspapers.