Tag Archives: banks

Moody Banks, Sad Ecomony

The American financial sector has taken another yet another hit today.  Moody’s downgrade of these 15 banks could not have come at a more dangerous time.  With unemployment starting to track up again, and this downgrade of major firms and securities that have global market reach, Greece, Spain, and the Eurozone all have economic problems… Read More »

US Consumers Continue to Leave the Branch; A New, “Virtual” Banking Segment is Rising and Threatens Traditional Bank Sales Systems

NEW YORK, March 21, 2012 /PRNewswire/ — New consumer research presented by the consulting firm Novantas at CBA Live 2012 today shows that banking customers increasingly prefer non-branch channels for a range of day-to-day banking transactions, from deposits, to solving service problems. As many as 35% of US banking customers are now “virtually domiciled,” essentially not using branches… Read More »

U.S. Exports Hit $178 Billion in July

WASHINGTON, Sept. 8, 2011 /PRNewswire-USNewswire/ — The United States exported $178 billion in goods and services in July 2011, an all-time high, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. Exports of goods and services over the last twelve months totaled $2.005 trillion, which is 27.3 percent above the level of exports in 2009.… Read More »

Government Causes Housing Crash Then Sues Everyone Else

The U.S. government on Friday sued 17 banking firms for their roles in the housing crash. The financial institutions are being accused of selling $196 billion dollars of now-toxic mortgage backed securities to Fannie Mae and Freddie Mac. The Federal Housing Agency (FHA) filed suits against Bank of America, Citigroup, JP Morgan chase and 14… Read More »

MTBC Names Mavenir the Fastest Growing Tech Company in North Texas

DALLAS, Aug. 31, 2011 /PRNewswire/ — Mavenir Systems was named the winner of the Fast Tech Award on Friday, August 26th at the Metroplex Technology Business Council’s Tech Titans Awards Gala. The award presentation – sponsored by TravisWolff LLP, Comerica Bank and the Dallas Business Journal – revealed the list of the 35 companies as well as their ranking. “We are… Read More »

Michigan Economy Edges Down in June

DALLAS, Aug. 30, 2011 /PRNewswire/ — Comerica Bank’s Michigan Economic Activity Index edged down one point in June, to a level of 86.  The June index level is 15 points, or 21 percent, above the cyclical index low of 71.  Year-to-date, the index has averaged 88 points, three points above the average for all of 2010. “The Michigan index… Read More »

Mortgage Rates Inch Higher

NEW YORK, July 28, 2011 /PRNewswire/ — Mortgage rates turned course this week with the benchmark conforming 30-year fixed mortgage rate rising to 4.74 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.35 discount and origination points. The average 15-year fixed mortgage moved up to 3.83 percent, as did… Read More »

Renewed Calls on Obama and Democrats to Focus on America

NEW YORK, July 21, 2011 — Leading Independent and Senior Energy Executive Karl W. Miller today renewed calls for President Obama to start listening to senior industry executives and experts, resolve the U.S. real estate crisis, address depression era unemployment and put a credible national energy plan in place. The debt limit sideshow is a… Read More »

Study Reveals Impact of Real Estate ‘Shadow Inventory’ on Recovery

ATLANTA, June 30, 2011 /PRNewswire/ — Despite steady gains in key industry sectors, the nation’s housing market continues to exert pressure on the overall rate of economic recovery. While financial conditions across multiple financial sectors suggest economic stabilization and growth, delinquencies still exceed pre-recession levels due to continued turbulence in the mortgage marketplace, according to Equifax (NYSE: EFX)… Read More »

Mortgage Rates Reverse Course

NEW YORK, June 16, 2011 /PRNewswire/ — Mortgage rates increased this week, following a nine-week streak of declines. The benchmark conforming 30-year fixed mortgage rate is now 4.71 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.41 discount and origination points. The average 15-year fixed mortgage jumped up to… Read More »

Mortgage Banking Giant Agrees to Pay Homeowner $30,000 as Part of Settlement Agreement

With pending counterclaims of fraud and predatory lending, Deutsche Bank agrees to pay defendant $30,000 and issue a letter to correct credit to settle a New Jersey foreclosure action PHILADELPHIA, June 14, 2011 — Shaffer & Gaier, LLC announced today that its client has agreed to a $30,000 cash settlement with Deutsche Bank in an… Read More »

EU Bailout Money Going to UK/ German Banks- U.S to Bailout Greece?

Many Americans were kind of surprised when German Chancellor Angela Merkel arrived for what was largely an unannounced White House visit recently. While many self-proclaimed political experts surmised that the main topic of discussion would be the ongoing three wars the U.S. is currently in, the real agenda has come out recently via thegatewaypundit: After tripling the… Read More »

Mortgage Rates Lowest Since Thanksgiving

NEW YORK, June 2, 2011 /PRNewswire/ — Mortgage rates fell for an eighth consecutive week, with the benchmark conforming 30-year fixed mortgage rate falling to 4.69 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points. SURVEY RESULTS 30-year fixed: 4.69% — down from 4.75% last… Read More »