Page 11 - Lender Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Knocking on wood is an apotropaic (averting bad luck) tradition of literally touching, tapping, or knocking on wood, or merely stating that one is doing or intending to do so, in order to avoid "tempting fate" after making a favorable prediction or boast, or a declaration concerning one's own death or another unfavorable situation. Many believe it originated with pagan groups and cultures around the world, such as the Celts, who worshipped and mythologized the trees. These groups believed the trees were home to their various gods and with the touch of wood, a spirit c...

She is stepping down on the heels of first quarter losses

Crypto and blockchain technologies have some valid applications but when it’s just for investment, there are tons of scams. (And what would we do for passwords if it weren’t for our pets?) Since the dawn of history people have been trying to take things of value from others. The industry is discussing the latest breach, especially as it seems, once again, that “it is not a matter of if but of when.” “Flagstar Bank recently became aware of a privacy breach that occurred during December 2021 involving unauthorized access to Flagstar Bank’s network. Flags...

One topic of conversation at the MBAH conference is the quote making the rounds, “Marry the house, date the rate,” a nightmare for capital markets and servicing groups engineering hedging programs. On a larger scale, no central bank wants to engineer a recession, of course, but the press seems consumed with the idea of a recession in 2023 or 2024… which would mean a) we’ll hear about it for another year or two while many lenders are just trying to survive, and b) it would probably lead to lower rates. Household balance sheets are currently still in fine shape. Corpo...

Here in Honolulu, talk among those gathered for the MBA Hawai’i annual conference includes the rise in adjustable-rate mortgage lending by depositories, and the impact of inflation, and the Federal Reserve fighting it, on home loan rates and interest rates in general. Inflation is everywhere. Here’s your tip-of-the-day: go buy some Forever Stamps from the Post office as postage prices are going up in early July. If you think that you have it bad, on a year-over-year basis, freight and building materials prices increase in May means they were up 36.3% for the year! These price inc...