Survey: US Bank Executives Expect to Pay More to Keep Deposits
An S&P Global Insights survey says bank executives are getting less optimistic as they expect to pay more to continue keeping deposits and to rely more on deposit rate specials. Based on S&P’s latest quarterly U.S. Bank Outlook Survey, US bank executives who...Cambridge Trust: Uncertainties Remain Over Fed Rate Hikes
With a resilient job market and consumer spending raising hopes the U.S. economy will achieve a “soft landing,” a top Cambridge Trust banker sees that there remains a risk the Federal Reserve will take its interest rate hikes too far, leading to recession. “If you...Mortgage Servicer Satisfaction Drops in Survey
The combination of reduced financial health, a rise in mortgage transfers and an increase in the number of reported account problems all contributed to the “significant decline” in customer satisfaction with mortgage services this year, according to the...Black Knight: Market ‘Not Normal’ for Rate-Locks
Fixed 30-year mortgage loans saw rates go up to 7 percent in July, which dampened overall demand but the lack of supply is still keeping home prices up in some parts of the country, a tell of a market that is “not normal,” according to a report by Black Knight Inc. ...This Week’s Paper: Digital Edition
