Tag Archives: Banks

Independent mortgage bankers profits are up, according to the Annual Mortgage Bankers Performance Report. Independent mortgage banks and mortgage subsidiaries of chartered banks made an average of $157 more on average per loan originated in 2016 compared to 2015. The report also found that average production volume was $2,679 million per company, another increase from 2016’s $2,504 million per company.

In a letter to shareholders, JPMorgan Chases CEO Jamie Dimon stated that the issue of "Too Big to Fail" has been solved. In an interview with Adam Shapiro on Fox Business, Minneapolis Federal Reserve President Neel Kashkari disagreed with this Dimon's statement. In addition, Neel Kashkari took issue with Dimon’s statement in his letter that banks are excessively capitalized, and that the capital standards should be lowered.

The U.S. Supreme Court rejected a petition from several large banks that were seeking a review of an earlier ruling regarding a statute of limitations for lawsuits over mortgage-backed securities.

The low interest rate environment, which has been the Fed’s mode of operation for much of the last decade, has been instrumental in stabilizing the U.S. financial system. But if it continues, it could adversely affect financial institutions, according to a Fed Governor.

The Office of the Comptroller of the Currency's Semiannual Risk Perspective for Fall 2016 analyzes the issues that banks need to address in order to be successful.

Net current credit exposure, the metric the OCC uses to evaluate credit risk in bank derivative activities, is currently only a fraction of what it was at the start of the crisis.

Why have banks and federal savings associations began relaxing their underwriting standards, according to a survey from the Office of the Comptroller of the Currency?

The new rule is designed to strengthen the resiliency of the largest bank holding companies and improve the prospects of an orderly resolution for a failed bank, according to the Fed.

Comptroller of the Currency Thomas J. Curry said that recent modifications made by the OCC will shape the future of the financial world.

A survey of banks and credit unions showed that despite rising regulatory pressures, regulatory compliance and risk management concerns are actually declining.