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VantageScore Makes Inroads Into Fico Territory
The FICO rating system has several shortcomings in predicting a borrower's creditworthiness. VantageScore provides a good alternative and is increasingly being used by lenders and financial institutions as a replacement. -
Commercial Real Estate Faces Downturn
The commercial property market saw a drop in January for the first time since 2010. The Moody/RCA Commercial Property Price Index fell 0.3% from the previous month, led by decreases in office and industrial buildings, each of which shed over 1%. -
American Express Targets Small Businesses After Costco Split
Having lost Costco's co-branded card business after a 16-year tie-up, American Express is now trying to increase volumes in the small business lending area and will feature its charge card, OPEN, on the Fundera marketplace.
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Too Big To Fail-–Banking’s Unresolved Problem
In a recent speech, Neel Kashkari, the new president of the Federal Reserve Bank of Minneapolis, questioned whether the steps taken after the 2008 financial crisis have adequately addressed the issue of too big to fail (TBTF) banks. According to him, much more needs to be done to reduce the risk to the economy. -
Why Negative Interest Rates Are a Reality
While negative interest rates on borrowings seem counter-intuitive, they are gaining greater acceptance among central banks in the developed world but their impact on financial markets is yet to be fully understood. -
Lenders Need to Build a Strong Credit Culture
The ultimate success of a bank or a commercial lender is dependent to a great extent on how well it manages credit risk, which in turn is strongly influenced by the stand its leadership takes and the training of its staff
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Mark Smith Named President of American Trust Bank
American Trust Bank announced the appointment of Mark L. Smith as the new President and Chief Financial Officer. -
Jason Halperin Hired as CLO at Alabama One CU
Tuscaloosa-based Alabama One Credit Union announced that Jason Halperin has joined the business as Chief Lending Officer. -
Taralee Muhli Joins Bank of the West as VP/SBA BDO
Bank of the West announced that Taralee Muhli has joined the business as VP, SBA Business Development Officer. -
Mike Stamp Named President of Gateway State Bank
Gateway State Bank in Clinton, Iowa announced the appointment of commercial lender Michael R. Stamp as its President. -
Scott Dickman Promoted at Horizon Community Bank
Arizona-based Horizon Community Bank has promoted Scott Dickman to Market President of Greater Maricopa County. -
Stuart Aronson Named Lending Chief at WhiteHorse
H.I.G. WhiteHorse announced that Stuart Aronson has joined the company as group head of its U.S. Direct Lending team.
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Parada-Renteria Pleads Guilty to Mortgage Fraud Conspiracy
The loan officer of a real estate and mortgage lending firm in Sacramento has pleaded guilty to concealing a mortgage fraud conspiracy. -
Kreider Gets 37 Months Sentence in Alton Credit Union Fraud
In order to save his failing business, Kreider engaged in a fraudulent practice known as “straw borrowing.” -
David Jackson gets 17 Years Sentence for Mortgage Fraud
A former Monroeville mortgage broker has been sentenced to 17 years in prison for defrauding more than 40 people in an elaborate loan scheme.
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Lenders, You Might Be Bad at Networking, If…
Many lenders aren’t good at networking, not so much because of shyness or the lack of any social graces, but rather they just don’t recognize what success means in networking. If, you’re looking for instant karma or the ‘peel & win’ Lotto card, and that’s rarely--very rarely--going to happen. -
Charles Green addresses 2015 RFDC in Las Vegas
Charles Green provided a detailed--but brief-- explanation of calculating financing costs in alternative financing deals, converting total costs into a comparative APR format, for about 100 restaurant owners. -
SBFI Named Among Top 50 MSF Small Business Finance Influencers
SBFI Managing Director Charles Green announced that SBFI was named among MarketStreet Funders “Top 50 Small Business Finance Influencers,” which was announced Friday by the MarketStreet’s website. The company is based in Wilmington DE.
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