August 12 – The Federal Home Loan Bank of Dallas (FHLB Dallas) has announced that, in partnership with its member financial institutions, it has awarded nearly $7.8 million in Affordable Housing Program (AHP) grants to 27 projects, primarily within its five-state District.
Search Results: Home
By Jeff Goble
This is my 151st investments column for BankNews and it occurred to me recently that I should be starting to figure out this bank investing game. Please read on.
May 2 – U.S. Bank has announced the official launch of the Community Possible Relay, a nationwide initiative aimed to inspire 153,000+ volunteers across the country to take part in rebuilding and revitalizing their communities. The three-month, 12,000 mile relay will include volunteer activities centered around work, home and play, the three focus areas of the bank’s new corporate giving and volunteer program, Community Possible. The relay will visit 38 communities across 25 states.
April 25 – MyBankTracker has announced the winners of its quarterly Best Bank awards, which recognize the best banks in the U.S. across seven major categories. Chase Bank won the honor of Best National Bank and Ally was judged the nation’s Best Online Bank in Q2 2016. In the Best Mobile App category, Simple took home top pick for its intuitive user experience and broad capabilities. These winners reflect the growing influence that digital and mobile technology have over consumers’ banking preferences.
ICBA’s incoming chairman grew up in the bank that she now leads.
As a third-generation banker from Taos, N.M., Rebeca Romero Rainey enjoys telling the story of how her family got started in the banking business. It was 1959, and her grandfather, Eliu Romero, applied for a $50 loan to start a fledgling law practice. Never mind that his family had lived in the area for four generations, that he was a Navy veteran or that he had recently received his law degree. He was denied the loan.
August 25 – New research from Freddie Mac provides insight into the question of which renters are likely to buy a home: people renting single-family properties (renting a house/townhouse or condo as opposed to those in apartments). In the U.S. about 15 million households rent a single-family house and 25 million rent an apartment, according to U.S. Census Data. (more…)
July 14 – A majority of millennials (ages 24-34) are willing to sacrifice modern day conveniences like cell phones, internet, cable and Starbucks in order to save for a down payment on a home. A new survey from the Collingwood Group shows 65% of millennials polled are somewhat to very likely to give up on at least one of the above to finance a home purchase.
May 7 – Forget old-fashioned models of supply and demand; fluctuations in home prices are largely driven by buyers’ willingness to take risks, according to new study to be published in the Journal of Money, Credit and Banking. (more…)
April 21 – Affordable housing in Bucks County, Pa., is one home closer to reality, thanks to a Habitat for Humanity project in Bristol Township. Habitat for Humanity of Bucks County broke ground recently on its 101st affordable home built in the county since its founding. The home is being built on State Road in Croydon on land donated by First Federal of Bucks County, which also is helping sponsor the project. The bank is joined by co-sponsors Bucks County Foundation, Bux-Mont Christian Church, The Dow Chemical Company, Lower Bucks Hospital, Parx Casino, Samuel Adams Pennsylvania Brewery and SYKES Enterprises, Inc.
March 23 – Third Federal is now offering a $1,000 credit for closing on a purchase mortgage with Third Federal this home buying season. The credit will be issued in the form of a check after the purchase loan closes.