Not in our name – Presidency dismisses Zwane's banking inquiry comments

Not in our name – Presidency dismisses Zwane's banking inquiry comments

JOHANNESBURG – The office of President Jacob Zuma has distanced itself from a statement saying Cabinet recommended he set up a banking
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PHH Mortgage, Bank of America Current Mortgage Rates Today Sep 2, 2016

The best 30 year fixed rate mortgages have been quoted at 3.500% at PHH Mortgage and APR of 3.557%. The short term, popular 15 year fixed rate
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Freddie Mac: Mortgage Rates Inched Up Slightly

Mortgage rates inched up slightly but remained near historic lows during the week ended Sept. 1, according to Freddie Mac's Primary Mortgage
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Presidency's full statement on Zwane's banking inquiry claims

The Presidency wishes to assure the public, the banking sector as well as domestic and international investors of Government's unwavering
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Wells Fargo shifts business banking post to Minneapolis from Charlotte

Wells Fargo has named a new head for its business banking operations, a move that shifts the position from Charlotte to Minneapolis. Hugh Long, who
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Wells Fargo picks Laura Oberst to lead business banking

The 32-year Wells Fargo vet and North Dakota native will replace Hugh Long, who's retiring at the end of the year after 43 years with the bank.
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Wells Fargo Taps Laura Oberst to Succeed Retiring Business Banking Group Head

Based in Minneapolis, Oberst has led the North Region of Wells Fargo Middle Market Banking since 2014. In her new BBG role, Oberst will oversee
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Strike disrupts transport, banking ops; Kerala most hit

Public transport services were disrupted and banking and insurance operations deranged as more than a million employees across the country struck
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Lenders Continuing to Hire in Nonbank Mortgage Sector

This follows a strong month in June when nonbank mortgage lenders … The National Association of Realtors expects 2016 will be the best year for
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Zais Details Louisiana Flood's Impact on Mortgage Business

Zais Financial Corp. has begun to quantify the effects that the major flooding across Louisiana had on its Baton Rouge-based mortgage banking
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Kosovo's banking sector 7-mo net profit declines

Kosovo's banking sector 7-mo net profit declines

PRISTINA (Kosovo), September 2 (SeeNews) – The combined net profit of Kosovo's banks for the first seven months of 2016 dropped 11.2%
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Why No Punishment for Financial Executives? Fannie Mae Is Case Study

During the period that he was chief executive, the company expanded its subprime and Alt-A, or low disclosure, mortgage businesses. The value of
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Mortgage lenders FAIL to pass on base rate cut to homeowners

MORTGAGE customers have not fully benefitted from the Bank of England's 0.25 … Yet one average mortgage rates have fallen by marginal amounts,
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Nervous investors hedge mall exposure with mortgage derivatives

Spreads on junk-rated portions of the commercial mortgage bond market's CMBX derivative product have blown out and volumes have shot up in the
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Wells Fargo Names Laura Oberst Head of Business Banking

Oberst succeeds Hugh Long, who became Wells Fargo's first head of business banking in 2012. Long plans to retire at the end of 2016, and in the
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Moody's: Bond investors will also benefit from FHFA HARP replacement

The Federal Housing Finance Agency shook up the mortgage world recently when it announced not only that it planned to extend the Home
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How Moven Went from 'Breaking Banks' to Breaking Bread with Them

“We don't mind competing with our own banking business,” says Greg Midtbo, chief revenue officer of Moven, about its app competing with banks
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Good News! Banking System Only Down 100 Commercial Banks Last Year!

The latest FDIC data indicate that the were only 100 fewer banks on June 30, 2016 than there were a year earlier, the lowest number since before the
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Inc. 5000: Here are the fastest growing companies in mortgage finance

The mortgage industry is more than a trillion-dollar industry, attracting plenty of businesses and entrepreneurs who would like to share in that wealth.
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Cash isn't the only way for off-shore buyers of US real estate

Non-resident foreigners can't get government backed loans or jumbo mortgages. But some banks will give non-conforming loans to wealthy overseas
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Banks under fire over Oakbay snub

Banks under fire over Oakbay snub

Johannesburg – Banking institutions are now under fire, which may add to increasing investor uncertainty in South Africa. On Thursday a statement
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Will Airbnb disrupt the housing market?

Crowds press together in the streets of New Orleans as people gather to see the city's festivities, but this year, there's something different about the
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Strike: Public transport, banking services hit in Assam

Services including Bankingand public transport were hit in Assamdue to the nation-wide strike called by ten central trade unions to protest against
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No need for judicial inquiry: Azar Jammine

Respected economist Azar Jammine says there is no need to review the structures that monitor the banking sector‚ following a decision by the bank to
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News From NAMB: September 1, 2016

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different
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Jobs report underperforms in August

Payroll employment increased in August, but not as much as ADP predicted, and probably not enough for a rate hike in September. Total nonfarm
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Boosting Market Economies on Homelands

The group is co-hosting a conference on mortgage lending in Indian country with the Federal Reserve Bank of San Francisco, NeighborWorks, and the
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Growing marijuana industry rarely able to use traditional banking, insurance

“It was the most uncomfortable thing I ever encountered,” said Joseph, founder of the plant-oil extraction company. “I took it to the bank the next day.
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FTC Secures Permanent Ban for Mortgage Modification Scammers

The Federal Trade Commission has obtained a court order barring the owners of several Florida companies that operated under the guise of being
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Laura Oberst to lead Wells Fargo's business banking

Wells Fargo & Co. announced Friday that Laura Oberst will succeed Hugh Long as head of its Business Banking Group, effective immediately.
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Commercial, Multifamily Delinquency Rates Low in Second Quarter

Commercial, Multifamily Delinquency Rates Low in Second Quarter

Commercial and multifamily mortgage delinquency rates remained low … president of commercial real estate research, in a news release Thursday.
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Commercial Watch: What is all the fuss about?

This means that we are still arranging commercial mortgages up to and occasionally beyond 80 per cent funding, investment property of all types at 75
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Cabinet to seek judicial inquiry into banks' moves against the Guptas

THE Cabinet has resolved to ask President Jacob Zuma to establish a judicial inquiry into the banks and their actions against the Guptas, as well as to
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S&P: Private mortgage bond well running dry

The rate at which new residential mortgage-backed securities are entering the market is slowing down, with 2016's rate of RMBS issuance currently
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Consumer confidence increases to highest level this year

Consumer confidence increased to its highest level in nearly a year, according to the Consumer Confidence Survey conducted by The Conference
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Padoan: Italian Banking System Is More 'Tranquil'

Italian Finance Minister Pier Carlo Padoan talks about improvements to the Italian banking industry. He speaks from the Ambrosetti Forum in
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The post-Brexit remortgaging rush

Remortgaging has enjoyed a surge of activity of late, helped in no small part by plummeting mortgage rates and a keen desire to avoid uncertainty in
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Bharat bandh: Public transport, banking services hit in Haryana, Punjab

Services including banking and public transport were hit in Haryana, Punjab and UT Chandigarh with employees of various government departments
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Regulatory Consultant (Mortgages)

Regulatory Consultant (Mortgages) in Officer, Regulatory Consultant, Commercial & Retail Banking with MERJE. Apply Today.
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International homebuyers add $10 billion to Texas economy

International homebuyer added over $10 billion to the Texas economy from April 2015 to March 2016, according to the Texas International
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No profit in banking on Sam Dastyari

No profit in banking on Sam Dastyari

That the issue involved Labor's populist call for a royal commission into Australia's banks – a cause supported by a number of Coalition backbenchers,
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Mortgage Rates Increase at Suntrust, PHH Friday Sep 2, 2016

30 year jumbo fixed rate mortgages at the bank have been offered at 4.125% and an APR of 4.1775% a bit higher than the non-jumbo loans.
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Banking group urges Central Bank to relax mortgage rules

The Banking & Payments Federation Ireland (BPFI) has urged the Central Bank to relax the loan-to-value (LTV) rules on mortgage lending to assist
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Aktia Bank plc: New core banking platform will be implemented step-by-step during the last quarter …

The new core banking system will facilitate a number of quicker customer service processes and modernised work approaches, materialising
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Europe's lenders need mergers and a new banking system: SocGen chairman

Reform of Europe's banks should be boosted by a pan-European banking system and more cross-border mergers within the European Union,
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HW Insiders 2016

This is HousingWire's first year to honor some of the industry's most valuable players — the Insiders. Each HousingWire award program celebrates a
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Stick with fixed rates, borrowers told, as lenders hike tracker mortgages

Experts are warning mortgage borrowers not to be tempted away from fixed-rate deals by the Bank Rate cut as lenders quietly raise the margins on
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Investec Private Banking rejigs mortgage rates

Peter Izard, business development manager at Investec Private Banking, said: “We're delighted to take this opportunity to make our mortgage offering
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Mortgages – Standing – Assignment

Where a defendant borrower challenged the assignment of a mortgage that was not made in accordance with the terms of a pooling and servicing
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New govt, RBI policies will help revive banking sector: D&B

The domestic banking sector is struggling for the last few quarters, but it will see a revival thanks to the many new policies from the government and
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