Priority sector lending: Missing the woods for the trees?

Priority sector lending: Missing the woods for the trees?

The current banking and economic situation demands a fresh round of thinking regarding priority sector lending (PSL) guidelines. In FY16 the Reserve
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Brokerages Set New York Mortgage Trust Inc (NYMT) Target Price at $6.33

Ladenburg Thalmann Financial Services lowered shares of New York Mortgage Trust from a “buy” rating to a “neutral” rating in a report on Friday,
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Santander Bank To Pay $26 Million Over Subprime Auto-Loan Lending Practices03:03

Santander Bank will pay $26 million in a settlement with Massachusetts and Delaware over its subprime auto-loan lending practices. Here & Now's
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Lake Michigan Credit Union hires Lori Teague as commercial lender

Teague currently holds Nationwide Multistate Licensing System (NMLS) certification. She earned commercial lending awards for exceeding projected
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Federal $1 Billion Bond Program Is Making a Difference in Community Development

Such developments don't get the familiar 30-year, fixed-rate mortgages that individuals and families use to buy their homes. Commercial loans, which
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Canara Bank cuts lending rate by 0.10% to 9.4% from April 1

New Delhi: Public sector Canara Bank on Thursday announced 0.10 percentage point reduction in its MCLR-based lending rate to 9.40 percent from
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Despite Courtroom Losing Streak, Legal Action Still Best Route For Fannie Mae, Freddie Mac …

Even if things take a positive turn in Washington, Groshans estimates that Fannie Mae and Freddie Mac would need $132 billion and $84 billion in
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RED Small Balance Loan Group Funds $18.5M on a Five Property Portfolio in the Southeast

RED Mortgage Capital, LLC, the mortgage banking arm of RED Capital Group LLC, announced that they have funded over $18M to finance a portfolio
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New Loan Types in the Works for California's “Granny Flats”

Last September, California Governor Jerry Brown signed into law new regulations and protections regarding the construction and operation of
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Fannie, Freddie will hand over $10 bln in profits to U.S.

WASHINGTON, March 30 (Reuters) – Fannie Mae and Freddie Mac will transfer $10 billion in earnings to the U.S. Treasury, a spokeswoman for the
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GSE regulator calls for better alignment of mortgage buyback policies

… Private market mortgage insurance companies should better align their buyback and rescission policies with those of Fannie Mae and Freddie Mac,
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