BASKING RIDGE, N.J. - (08/11/05) -- Affinity FCU said it granted $15,000in scholarships to seven area high school students who are creditunion members. Recipients ere chosen for their academicachievement, extracurricular activities, leadership skills and anessay. The state's biggest credit union has awarded more than$100,000 in scholarships over the past 10 years.
New questions about Fannie Mae and Freddie Mac's guarantee by experts who saw conservatorship start points to tensions in a stalled secondary offering.
The 30-year fixed mortgage has increased by 40 basis points since February, while the 15-year is 14 basis points lower than a year ago, Freddie Mac reported.
Affordability improved in February as rates dipped below 6%, but March's climb to 6.43% signals tougher months ahead. Lenders should act now on pockets of opportunity before rising rates erode recent gains.
VALT, a digital-oriented small business lender founded by US Bank veteran Matt Geidman, received approval for its national trust charter application from the Office of the Comptroller of the Currency 120 days after its application, clearing a key regulatory hurdle at a time when regulators are encouraging the formation of more startup banks.
The bank is pushing wealth managers to use artificial intelligence embedded in Salesforce and Zoom to plan, summarize and follow up on client meetings.
The systemic risks posed by stablecoins on public blockchains go further than deposit flight and market dislocation — there's also technology risk. But Noelle Acheson argues that these should be incorporated into guardrails rather than used to stop progress.
