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Tag Archives: Banks

Better Banking, Happier Customers

Which banks are sending their customers home the happiest? A new study pinpoints the banks that have the fewest consumer complaints, and the results might surprise you.

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Trump’s Impact on Banks

Approaching President Trump's 100th day in office, we took a look at how his administration has impacted the financial sector. From lending rates to bank stock prices, see in what directions the needle has moved in reaction to policy changes made by the president. We’ll also take a look at what impact Trump’s executive orders affecting Dodd-Frank is having on the market as well as how the housing industry may be impacted by a recent tariff on Canadian lumber.

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BNY Mellon, S&T Share Q1 Earnings

BNY Mellon and S&T Bancorp both released their Q1 earnings reports on Thursday. Together, they represent a mixed bag of insights—particularly for the mortgage industry. While BNY Mellon’s residential mortgage earnings were down, S&T’s were up—both over the quarter and the year.

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Mortgage Bankers Report Rising Profits

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.

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