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Recent Bank Failures and Fallouts Addressed by US Agencies

USDT, Board of Governors of Federal Reserve System, and Federal Deposit Insurance Corporation, collectively with the Treasury and FRB, took several actions in effort to contain the fallout from recent failure of two insured depository institutions including deposits and BTFP ....

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Federal Reserve Creates Bank Term Funding Program

Beginning last week and continuing over this past weekend, there were several key developments from federal regulators related to failure of Silicon Valley Bank SVB, Signature Bank, broader issues of FDIC deposit insurance protections and current bank liquidity challenges. ....

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How To Start A Payday Loan Business

How To Start A Payday Loan Business
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Secondary, Processing, VOE, Subservicing; Conventional Conforming News; Affordability Study

Here in Louisville, at AgFirst’s Correspondent Lending Conference, much of the discussion involves going after builder business (“focusing on how fast they get paid so they can pay their subs”), rural programs (“know how to communicate with your clients, or else”), top producer success (“treat your processor like royalty, and fill out the information correctly in the first place,” “set boundaries,” “sell yourself, not rates”) and agriculture. In ag news, the amount of butter the U.S. has in cold storage is down 22 percent compared to a year ago, and the average price of Grade AA Butter is up 80 percent year over year: seasonal milk production is down, there were 11,000 fewer milk-producing cows on U.S. farms compared to a year ago, and dairy products that see seasonal surges like cream cheese and eggnog are eating into supplies of milk that would otherwise go into butter. As butter prices rise, people switch t ....

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Zee Exclusive: 5 reasons that make Digital Loans a suitable option over Conventional Loans

Zee Exclusive: 5 reasons that make Digital Loans a suitable option over Conventional Loans
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