Bryan Traeger News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Bryan traeger. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Bryan Traeger Today - Breaking & Trending Today
LAFAYETTE, Ind. (WLFI) — Civitan will host a party at Congress Street United Methodist Church s pumpkin patch for individuals with intellectual disabilities from the area. ....
Pi Day has come around once again, which is also, coincidentally, Albert Einstein’s birthday. As I head to Lexington for the MBA Kentucky Education Conference, led by Alan Thorup, Matt O. sent, “I have an idea: We organize a 10k race in San Jose and call it ‘The Bank Run.’” (While we’re on sports, a moment of silence for Dick Fosbury who revolutionized the high jump in the mid-1960’s). High jumpers have a soft pad to land on, not so with some bank stocks Monday. Western Alliance Bancorp, supplier of warehouse lines to many an independent mortgage banker and parent of AmeriHome, First Republic Bank, Metropolitan Bank, PacWest Bancorp, and First Horizon. Fortunately, many have “bounced” but these are all non-money-center banks seemingly causing risk to the U.S. financial system. In Banking 101 one learns that borrowing short (by holding customer deposits) to lend long (by purchasing long bonds and MBS) to improve returns is b ....
Where should we start the week? How about how predictions and forecasts are nearly worthless when they’re out of date one week later? How about with an old-fashioned run on a bank, eliminating any talk of another Fed rate increase. People wonder, “Where do I bank? Is it big enough? Is there enough regulation?” Lenders are making sure that their warehouse funding is not only from one bank, since nothing will shut down a faster than lack of liquidity and inability to fund loans. With the demise of Silicon Valley Bank and Signature Bank (below, see government announcement from yesterday), here’s a great graphic of how we ended up with just four megabanks in the USA. And how did regulators not see a huge bank failure coming? Regulation is in the news, not only in banking but also in loan officer compensation. The Consumer Financial Protection Bureau is requesting the public’s input on the economic impact of the mortgage loan originator rules on small mort ....
As Brian B. reminds me, “In the New England you can tell the changing of the seasons by the changing color of the leaves. In Florida you can tell the changing of the seasons by the changing colors of the license plates.” Speaking of moves, geography, and distance, if you’re a lender or a vendor, how’s your 2023 travel and entertainment budget shaping up? I figured. The Mortgage Bankers Association believes (some say optimistically) that total mortgage origination volume will decline to $2.05 trillion in 2023 from the $2.26 trillion expected in 2022. The “pie” will shrink, and every lender is striving to increase customer service. Under the category of “Know your clients,” buyers who bought homes in the year from June 2021 to June 2022 moved a median of 50 miles away from their previous residences, a huge increase. Over the preceding five years it was pretty much flat at a median of 15 miles, which was the highest going back to 200 ....