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Financials Fall on Inflation Fears -- Financials Roundup

Shares of banks and other financial institutions fell sharply amid fears about rising inflation.

New York Community Bank shares slid amid fears that the lender, which has run into trouble.
-February 13, 2024 at 05:33 pm EST
- MarketScreener ....

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AOT, HELOC, Fee Collection, Bidding Tools; Conforming News; STRATMOR's Ops Workshop; NYCB and Mortgage Prices

Economists have their favorite indices to measure the health of the economy. GDP, if men are buying underwear, CPI, RV shipments, GDP, plastic surgery appointments, PCE, hemlines… tomorrow on The Mortgage Collaborative’s Rundown Skylar Olsen, the Chief Economist of Zillow, will discuss some of this, and more, for 30-45 minutes starting at noon PT, 3PM ET, in “The Rundown”. Meanwhile, lenders are shifting the focus from things they can’t change to things they can: changing regional managers comp plans to incorporate profits instead of volume. Or honing marketing systems now, not when rates drop further and opening up refi opportunities. Or shifting to paying less for a refi and putting the difference into rate sheet pricing. And who’s buying the properties we’re lending on? Women. Okay, that was a bold generalization, but still… (Today’s Commentary podcast can be found here and this week’s is sponsored by Vesta, the n ....

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