Monthly Archives: May 2017

Existing Home Sales Decrease to 5.5 million Units in May

May 31 — Ten-X, an online real estate transaction marketplace, has released its latest Ten-X Residential Real Estate Nowcast which indicates a slight decrease in May existing home sales. According to the Nowcast, May sales will hit a seasonally adjusted annual rate between 5.37 and 5.73 million with a targeted number of 5.50 million, down 1.2 percent from NAR’s reported April sales and down 0.54 percent from a year ago.


Cybercrime Costs to Business Forecast to Exceed 8 Trillion Dollars in Next 5 Years

May 31 – A new report by Juniper Research has found that criminal data breaches will cost businesses a total of $8 trillion over the next 5 years, due to higher levels of connectivity without an appreciation of the additional actions necessary to make such systems secure.


Ally Bank Named “Best Internet Bank” and “Best for Millennials” by Kiplinger’s Personal Finance Magazine

May 31 – Ally Bank, the banking subsidiary of Ally Financial Inc., scored dual wins for “Best Internet Bank” and “Best for Millennials” on Kiplinger’s Personal Finance magazine’s “Best Banks” list, underscoring the company’s continued focus on delivering top notch digital products and services to its customers. An article highlighting Kiplinger’s top picks among banks and credit unions, as well as top institutions for each of six lifestyle profiles, will appear in the July 2017 print edition.


The University of Akron Wins First Place in CSBS Community Bank Competition

May 25 — The Conference of State Bank Supervisors announced The University of Akron has been named first place winner in its nationwide 2017 Community Bank Case Study Competition.


Resolute Bank Launches ReverseWorks

May 26 – Resolute Reverse, a department of Resolute Bank, has developed and launched a new proprietary software called ReverseWorks™, offering unlimited access to the bank’s loan officers, operations and management teams. At a time when competition in the industry is increasing, this technology is a valuable tool that creates streamlined communication during the processing, underwriting and closing stages of the loan. This revolutionary software allows loan officers to focus more of their time assisting their senior clients.


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