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Fierce competition, a run-up in prices, and an expected jump in interest rates in the years ahead could spell bad news for banks that hold multifamily loans on their balance sheets. Cheap financing from Fannie and Freddie is also fueling concerns of a bubble.
February 8 -
From the start, mPowa CEO Dan Wagner has talked about partnerships being the key to getting his company’s chip-and-PIN mobile card reader into the hands of merchants – and eventually becoming a formidable foe to the likes of Square Inc. in the U.S.
February 8 -
The law is on the way to spawning 30,000 pages of regulations. A mere 37% of rule-making deadlines have been met. Which raises the of question whether Dodd-Frank is just too unwieldy.
February 8 -
Colonial American Bank wants to move its headquarters and switch its state charter to New Jersey from Pennsylvania.
February 8 -
President Obama has nominated Sally Jewell, head of outdoor company REI and a former banker, to be Secretary of the Interior.
February 8 -
The Federal Deposit Insurance Corp. is looking to head off costly U.S.-U.K. tension over deposits after examining a 1993 budget legislation.
February 8
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The first hearing of the year for the Senate Banking Committee has been scheduled for Thursday morning at 10:30. Top banking regulators will be in attendance to discuss the implementation of the Dodd-Frank reform law among other issues.
February 8
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Moody's (MCO) chief executive told investors Friday he is unaware of plans by federal and state officials to sue the company for allegedly misleading investors in the run-up to the housing crisis.
February 8 -
New regulations fail to address the next wave of dubious practices sure to emerge and sully the reputation of responsible lenders. Remember: The Maginot line held; new technology just allowed forces to go around it.
February 8
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The defendants behind an operation that allegedly preyed on homeowners agreed to settle charges that they lured people into paying $1,995 or more by holding out false promises about renegotiating their mortgages.
February 8





