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Seth Dunbar and Kelly Klemme Eleventh District community banks—institutions with less than $10 billion in assets—outperformed U.S. community banks overall through third quarter 2024. Such institutions account for 96 percent of banks and 39 percent of assets in Texas, northern Louisiana and southern New Mexico. Eleventh District banks’ return on average assets outdid the nation, … Read more
(Reuters) -HomeStreet Bank is selling nearly $990 million of its multifamily commercial real estate loans to Bank of America, in a deal that the Seattle-based lender said would help it return to profitability and reduce costly funding sources. BofA has agreed to pay about $906 million for the loans —roughly 92% of the value of … Read more
Hong Kong’s home prices and rents moved in opposite directions last month, as the city’s cheapest borrowing cost in two years attracted more home seekers to take the plunge, reducing the demand for rental properties. Prices of lived-in homes rose marginally for the second straight month in November, as the closely watched gauge edged upwards … Read more
Credit habits reflect a mix of priorities and financial constraints. Some consumers focus on maximizing rewards, leading them to use credit cards heavily. Others want to use a wider range of credit products, either to maximize financial flexibility or just to stay afloat. PYMNTS Intelligence’s latest report dives into these key differences in credit use … Read more
Many homeowners refinance their mortgage to lower their interest rate or pay off the loan faster. But you can also refinance to get cash by leveraging the value of your home. A cash-out refinance replaces your current mortgage with a larger one based on how much equity you have in your house. After your existing … Read more
For many entrepreneurs, access to capital is one of their biggest challenges. Whether launching a new idea, scaling operations, or navigating unexpected obstacles, securing funding is crucial. In today’s episode of the SBA Update, we will explore how the SBA can better assist these challenges. Joining us are Allen Thomas, SBA Regional Administrator, and Christopher … Read more
Prices of lived-in homes rose marginally for the second straight month in November, as the closely watched gauge edged upwards to 290.9 from 290.7 in October, according to the Rating and Valuation Department. Home prices fell 6.55 per cent in the first 11 months of the year, slumping 27 per cent from a record high … Read more
A rush by the Department of Energy to distribute as many transition loans as possible before Trump takes office has resulted in over $38 billion in loans being issued since the November elections. For context, the total commitments since the passing of the IRA have amounted to $54 billion in loans and loan guarantees. The … Read more
Joe Biden’s administration is rushing to award billions in loans to cleantech companies in a bid to secure the US president’s green legacy before Donald Trump’s inauguration next month. The Department of Energy’s financing arm, the Loan Programs Office, has committed more than $38bn — half of all awards issued during Biden’s presidency — since … Read more
The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans. WASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. … Read more