Ever since interest rates spiked higher in May 2013, there has been a great deal of conjecture about the market for home lending. What had been healthy demand for refinance loans fell markedly when rates increased. After several years of historically low interest rates, a downturn in refinancing had to be expected. Did the turn in rates, however, signal the end for home lending?DOWNLOAD PDF
Rachel Stephens explains why the timing couldn’t be better to build core deposits, ensuring a stable and sufficient source of funds for lending activity.
Steve Nikitas, Senior Strategy Director for Harland Clarke, talks interest rates, net interest margins (NIMs), and profitability. For nearly a decade, the Federal Reserve has held interest rates at historically low levels. In fact, we have not been in the initial stages of an up-rate environment since 2004. How many product managers, treasurers and chief financial officers in the field today held the same roles back in 2004? Probably very few, if any. Thus, the learning from past experience is distant at best, nonexistent at worse. So what’s a financial institution to do? Download the article to find out.
Back in the heyday of home equity lines of credit (HELOC), between 2000-2007, it seemed every homeowner needed a HELOC for a rainy day fund. It could be used for...