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PREDICTION: Nonbank Renaissance
OUTCOME: Nonbank servicers certainly gained market share - Ocwen, Nationstar and Walter Investment grew rapidly, stoking fears that they were getting too big
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PREDICTION: Small-Bank Attrition
OUTCOME: The number of banks declined by 2.7%, to 6,891 through Sept. 30. Compliance costs continued to pressure profits and led more banks to sell, though there were fewer failures than in recent years. On the bright side, regulators approved the first new bank in three years - Bank of Bird-in-Hand, serving a rural Amish community in Pennsylvania.
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PREDICTION: Housing Rebound
OUTCOME: Housing prices nationwide rose 7% to an average of $169,000 in November from a year earlier, according to data firm RealtyTrac. Several bills to restructure the government-sponsored enterprises surfaced, including the Corker-Warner proposal in the Senate and a more severe House bill. One of the biggest unresolved issues is how much
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PREDICTION: GSE Restructuring
OUTCOME: Fannie and Freddie remain in conservatorship, but progress was made on Capitol Hill -- see previous slide.
PREDICTION: GSE (Stealth) Restructuring
OUTCOME: Though DeMarco has made a number of key decisions, many are likely to be
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PREDICTION: Branches in Flux
OUTCOME: The number of branches industrywide fell 1% from 2012, to 96,331, and 1.9% from 2011. Late in the year, PNC announced a plan to overhaul its branch network - not only closing some locations but redesigning the rest, retraining the staff and automating more functions. PNC, Wells and other banks are also shrinking branch sizes as a result of declining foot traffic.
PREDICTION: Card Deal Collapse
OUTCOME: Enough merchants opted out of the settlement agreement to potentially derail it, but the banks and card brands chose to stay the course and the settlement was approved for a lesser amount. The merchants are
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PREDICTION: Consumer Protection Crackdown
OUTCOME: No federal cap on APRs, but the payday and short-term lending industry took a beating. The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. issued regulatory guidance that will make it harder for some banks to offer the short-term, high-interest-rate loans known as deposit advances. But the new guidance doesn't apply to all banks, since the Federal Reserve Board declined to join its fellow regulators. Also in 2013, the Consumer Financial Protection Bureau issued a report that was critical of payday lending, which may lay the groundwork for future regulation of the industry. HUD did promulgate the disparate impact
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