Tag: mortgages

Capital and Risk, Credit

Recommendations for Banks Prepping for LIBOR Transitions, Updated Timelines

December 1, 2020

Via: Bank Director

While much of the focus this summer was on Covid-19, the decline in GDP and the fluctuating UE rates, some pockets of the market kept a different acronym in the mix of hot topics. Regulators, advisors and trade groups have […]


Tandem Bank leverages Open Banking to offer competitive mortgages

August 13, 2019

Via: Finextra

Tandem customers will be given the opportunity to sign up to be part of a new group of co-creators and the bank will feed their input into the design phase of the mortgage, serving the consumer directly. The crowd-designed mortgage […]

Capital and Risk, Credit

A Danish bank is offering mortgages with negative interest rates — why you shouldn’t wish for that to happen in the U.S.

August 12, 2019

Via: Market Watch

It’s safe to say that mortgage rates have never been lower in Denmark. In fact, they’re now negative. Denmark’s Jyske Bank JYSKY, -20.24%, is now offering a 10-year fixed-rate mortgage at negative 0.5%. Additionally, Finland-based Nordea Bank announced Wednesday that […]


The Key to Successful Fintech-Bank Partnerships is Understanding Regulation, Finicity CEO Says

November 10, 2017

Via: Bank Innovation

EXCLUSIVE—If fintechs want to land a successful partnership with a financial incumbent, understanding the regulatory atmosphere of the industry is crucial, Steve Smith, CEO of Finicity told Bank Innovation. When it comes to collaboration with FIs, Smith said, showing a […]


Capital One Permanently Exits Mortgage and Home Equity Business

November 8, 2017

Via: Bank Innovation

The Virginia-based bank announced an abrupt, and permanent, closure of its mortgage and home equity origination business this week, citing that the sector was too competitive for the bank to turn a profit. Capital One first acquired its mortgage division […]