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Tag Archives: Community Banks

The True Impact of TRID

When CFPB Director Richard Cordray likened TRID concerns to the Y2K fuss, he missed the fact that the long-term impact of the rule is not yet a foregone conclusion. Editor's note: This select print feature appears in the February 2016 edition of MReport magazine.

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Nearly One-Third of Community Banks Cutting Mortgage Holdings

Out of 884 community bankers currently active in the mortgage space, 31 percent expect their institution's residential mortgage holdings at the end of the year will be less than their level last year, according to findings released by the Federal Reserve and the Conference of State Bank Supervisors. Of those who anticipate reductions in the dollar value of their mortgage holdings, most pointed to increased regulation and compliance costs at the reason.

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FDIC: Fears of Industry Consolidation Unfounded

While small bankers have expressed concerns that increased regulations may hurt profit margins and make them more susceptible to buyouts, data from a new FDIC study argues otherwise. The study looked at bank trends from 1985 to 2013, and found "the recent uptick in the rate of consolidation is attributable to factors that are likely to subside once the effects of the crisis are fully behind us."

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