October 23 – Refinancings as a percentage of overall mortgage volume jumped 3 percent from August to account for 36 percent of closed loans in September, according to the latest Origination Insight Report released by Ellie Mae, a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. The September 2014 report also found the closing rate on mortgage refinancings fell nearly 6 percent to 48.3 percent in September, the lowest since February.
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September 5 – Banc of California, N.A., the banking subsidiary of Banc of California, Inc., has announced its Community Benefit Goals which demonstrate the positive benefits that the closing of the pending Popular Community Bank branch acquisition will have for the communities it serves.
September 3 – Cardlytics, a leader in card-linked marketing, has released its latest white paper: “Benefits of Card-Linked Marketing: Increased Card Usage and Decreased Customer Attrition.” The white paper examines the impact of interchange fee limits on customer engagement programs, then goes on to document how the Cardlytics Card-Linked Marketing program in place at Bank of America, PNC Bank, Regions Bank and hundreds of others, has stayed attrition and increased debit and credit card use and spending.
July 16 – The ATM Industry Association (ATMIA) has announced that a task force of ATMIA members will meet on Tuesday, July 22, with the Federal Reserve Board of Governors in Washington, D.C. ATMIA requested the meeting to address growing concerns over the routing of ATM debit transactions.
June 19 – Ellie Mae, a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, has released its Origination Insight Report for May 2014. The report draws its data and insights from a robust sampling of the significant volume of loan applications that flow through Ellie Mae’s Encompass® mortgage management software and the Ellie Mae Network™.
Feb. 20 – Vehicles for Change (VFC), a Baltimore-based nonprofit that awards cars to families for employment purposes, and Hamilton Bank, a community bank that serves the Greater Baltimore area, have teamed up to provide Maryland families with cars at affordable loan terms. As part of the new partnership Hamilton Bank is now VFC’s exclusive lending partner in the Baltimore region, offering affordable auto loans to families who are facing financial challenges and receiving cars from VFC.