First quarter credit union data was released so late that we feel like we just did this, but it actually was two months ago. Second quarter data has not revealed any real surprises. As of June 30, 2020, NCUA reports…
Category: Jumbo Rate News (page 2)
The Tortoise and the Hare of Deposit Growth
There are 51 banks listed on page 7 of this issue. Each had more than a 55% increase in deposits during the first half of 2020. Unlike the last time we published a list like this (JRN 37:27), we omitted…
New Bank Star-Ratings This Week
Bank Star-Ratings have all been updated based on June 30, 2020 financial data. (Credit Union Star Ratings will be out in a couple of weeks.) We’ve been doing this a long time, and we’ve seen the banking industry go through…
Home Sales Up, But for How Long?
Last week we reported that consumers are paying down their credit card debt. We also mentioned that mortgage debt and mortgage originations were on the rise. Today we are going to delve further into that phenomenon. Tim Ellis, a Senior…
Consumers Focus on Paying Down Debt
Housing takes, by far, the largest bite out of most consumers’ wallets, at least in this country. That’s followed by student debt, automobile loans and then, finally, credit card debt. And, according to the Federal Reserve Bank of New York’s…
The Farmer in the Dell Doesn’t Stand Alone
A June 2020 poll taken by the American Farm Bureau Federation (AFBF) revealed that 84% of Americans trust American farmers and believe they should receive financial assistance from the government to stay afloat as a result of the pandemic. Yet,…
No Bust Yet in Multi-Family Real Estate
Last week we promised a closer look at multi-family (5 or more) residential real estate. To that end, the 50 banks with the most exposure to multi family home loans (as a percent of total loans) can be found on…
Commercial Real Estate Under the Spotlight
In the current environment of high unemployment and moratoriums on foreclosures and evictions, we will be delving deeply into the aspects of Commercial Real Estate (CRE). CRE loans are comprised of multifamily (five or more) residential real estate, office buildings,…
Deposits Increase at Record Pace
Total deposits in U.S. banks increased 8.5% ($1.2 Trillion) during the first quarter of 2020 and 13.3% for the 12 month period. With interest rates near zero, and much of the influx coming from PPP loans, which by nature will…
Credit Union Data and Ratings are (finally) Out
The NCUA told us we wouldn’t be able to get the full first quarter credit union file until the first week of July. Sadly, they were right, but we have been working day and night for several days to get…