First-quarter home sales in California were up 12.5%
Sales of new and existing homes have been particularly strong in the San
Indeed, Sanwa Bank, which operates 100 branches in California, said its
The Los Angeles bank said the second quarter is shaping up even better:
"These loans may very well be the leading edge of a true residential
So far, home prices have not risen in tandem with demand, said Experian
Indeed, right now, the Silicon Valley is the only area in California
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
Tests of models from OpenAI, Google and others found their advice tends to disadvantage names commonly associated with racial minorities and women.
Federal Reserve Governor Michelle Bowman said she believes there is a feasible path forward for the revised capital reform proposal, emphasizing the importance of making broad changes informed by industry feedback to achieve broad consensus among Federal Reserve board members.
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.
