-
-
But those rates are still relatively high, and that is a barrier to entry for potential homebuyers, Freddie Mac said.
March 7 -
To serve an increasingly online audience, POS Nation has acquired agriculture e-commerce platform GrazeCart, an example of vendors joining forces to adapt to shifts in the agriculture industry.
March 7 -
The latest inflation news has created concern that the Federal Reserve's pivot on short-term rates could be delayed.
February 29 -
Investors have hammered the New Jersey-based lender following the turmoil at New York Community Bancorp. But Valley executives say there are key differences between the two real estate-focused banks, and they express confidence that the bank's underwriting will hold up again this cycle.
February 16 -
The government-sponsored enterprise financed 955,000 mortgages last year, down from the 1.8 million loans it backed in 2022.
February 14 -
When the 2018 Dodd-Frank reform bill lifted the asset bar for enhanced prudential standards for banks from $50 billion to $100 billion, few thought it was controversial. Recent turmoil among regional banks suggests the change may have created as many problems as it solved.
February 13American Banker -
Treasury Secretary Janet Yellen didn't directly address the turmoil at New York Community Bank, and said that while some smaller institutions could be hit by a changing commercial real estate market, she doesn't anticipate these mortgages will become a systemic risk.
February 8 -
In correspondence with Rep. Andy Barr, R-Ky., the Federal Reserve and Office of the Comptroller of the Currency said the Securities and Exchange Commission's proposed safeguarding rule could change banks' custody businesses.
February 5 -
Valley National, based in Morristown, New Jersey, has a high exposure to commercial-property loans relative to its peers. The bank reported that almost half its $50.2 billion loan book was in commercial real estate as of Dec. 31, with heavy exposure to New York, Florida and New Jersey.
February 2