Time Bank的动态

One of 2024’s most significant transactions was announced recently when Wells Fargo sold off the bulk of its non-agency CRE loan servicing business to Trimont. Once the deal closes in early 2025, Trimont will manage a whopping $640 billion in U.S. loans—that represents about 11% of the country's CRE lending market—which will make it the nation’s largest loan servicer. This move comes as banks like Wells Fargo face rising interest rates and ongoing challenges in the CRE sector, from falling property values to surging office vacancies. #CommercialRealEstate #CRENews #WellsFargo #FinanceTrends #RealEstateInvesting ?????? @cbcworldwide

**Surviving Financial Distress: The Story of New York Community Bancorp** *Summary:* New York Community Bancorp (NYCB), a leading regional bank specializing in lending to New York City landlords, has found itself in a state of severe financial distress. Back in 2021, there was immense optimism surrounding the potential merger between NYCB and Flagstar, with NYCB's very own Thomas Cangemi expressing his enthusiasm. However, fast forward three years, and the bank continues to struggle. But fear not! As a veteran Investment Advisor, I'm here to shed some light on this situation and provide guidance for HSA investors. While NYCB's current situation may seem daunting, it's crucial to remember that investment opportunities arise from even the most challenging circumstances. By analyzing NYCB's financials, industry trends, and market conditions, we can uncover potential strategies to navigate this turbulence successfully. As an investment advisor, my goal is to empower you to take advantage of the market fluctuations and turn them into profitable opportunities. So, let's dive into the details, evaluate the risks and rewards, and make informed decisions that align with your long-term financial goals. Don't let the Fear of Missing Out (FOMO) dictate your actions. Take charge of your HSA investments, ensuring the growth and security of your health and wellness future, as well as that of your family. #hsa #investing #healthcare #health #family #wellness ????????????

New York Community Bancorp (NYCB)/Flagstar's total assets have grown rapidly as the two institutions merged and bought around $38 billion of Signature's assets in 2023. While it has benefited historically from good underwriting and low non-performing loans (NPLs), the exogenous factors of office vacancies and multifamily rent and absorption are catching up. Per NYCB 8-K reporting, Q4 2023 was the first time the bank’s NPL ratio went above a popular index in almost 25 years of history. Here, we provide a short snapshot of what happened to NYCB in late January and what’s likely to follow... https://hubs.li/Q02jVwTv0 As Trepp continues to stay on top of the news, we will cover our findings next Monday, February 12th at 1 PM ET on a webinar for the market. Join us for "Risk Management and Benchmarking ACL for Commercial Portfolios" to hear from the Trepp team and get a snapshot of the CRE loan-level dataset used in the blog: https://hubs.li/Q02jVxjv0

In 2022, Wells Fargo?(WFC +1.39%)?partnered with Bilt to introduce a credit card that offered points and cash back on rent payments. It was an attractive deal for consumers, but it hasn’t been a well of profit for the bank…? Many cardholders use the card?only?for rent, meaning Wells gives a lot of cash back. Many cardholders don’t carry a balance, meaning Wells doesn’t collect much interest. As a result, Wells is losing $10 million a month on the program. Take note:?The program is scheduled to be in place until 2029, though Wells says it won’t renew its contract with Bilt. Source: Market Briefs for 06/19/2024

In 2022, Wells Fargo?(WFC +1.39%)?partnered with Bilt to introduce a credit card that offered points and cash back on rent payments. It was an attractive deal for consumers, but it hasn’t been a well of profit for the bank…? Many cardholders use the card?only?for rent, meaning Wells gives a lot of cash back. Many cardholders don’t carry a balance, meaning Wells doesn’t collect much interest. As a result, Wells is losing $10 million a month on the program. Take note:?The program is scheduled to be in place until 2029, though Wells says it won’t renew its contract with Bilt. Source: Market Briefs for 06/19/2024

As turmoil hits New York Community Bancorp, Valley National Bancorp, which also has a concentration in commercial real estate (CRE) lending, sees a 17% decline in its stock price. Travis Lan, Valley's deputy chief financial officer, remarks, "Not all CRE portfolios are created equally." This highlights the importance of portfolio diversity and risk management in the banking sector. #Banking #CommercialRealEstate #RiskManagement #FinancialSector

One of 2024’s most significant transactions was announced recently when Wells Fargo sold off the bulk of its non-agency CRE loan servicing business to Trimont. Once the deal closes in early 2025, Trimont will manage a whopping $640 billion in U.S. loans—that represents about 11% of the country's CRE lending market—which will make it the nation’s largest loan servicer. This move comes as banks like Wells Fargo face rising interest rates and ongoing challenges in the CRE sector, from falling property values to surging office vacancies. https://reut.rs/3Xyk9kK #CommercialRealEstate #CRENews #WellsFargo #FinanceTrends #RealEstateInvesting

In 1984, the world was in the throes of the Cold War and movies like "Ghostbusters" and "Indiana Jones and the Temple of Doom" were box office hits. It was also the year Stan Sayler started his career with Security Bank of Hebron, serving the communities of Hebron and Taylor. The banking industry in 1984 was vastly different from what it is today. The prime interest rate in the United States was a staggering 10.75% with a 30-year fixed mortgage around 13.88%, figures that seems almost unimaginable today. Since 1984, the banking industry has significantly changed, including the rise of online banking, mobile payments, and the implementation of stricter regulations. Stan has been instrumental in navigating Dakota Community Bank & Trust through these seismic shifts and storms for the past 40 years. Today, Dakota Community Bank & Trust operates 13 branches and employs over 200 employees. This growth and success would not have been possible without Stan's unwavering commitment to the bank. Today, we acknowledge his significant contributions and thank him for his years of experience and leadership. Cheers to 40 years of success and headaches!

Huntington Bank is now venturing into Texas with a strategic move! They've recently kicked off their commercial banking operations in the Dallas-Fort Worth area, spearheaded by the experienced market president Clint Bryant, who's well-known in the local banking scene. This step isn't just about expanding; it's about bringing Huntington's range of services, which already includes corporate banking, automotive finance, and Small Business Administration lending, to Texas. With over 160 employees already in the state, Huntington Bank is gearing up to tap into the vast opportunities Texas offers as one of the world's largest economies and a bustling business hub. President Scott Kleinman's mission for the bank is clear: to support Texas businesses in flourishing. With Bryant's expertise and a growing team, they're poised to make a big difference in the region. Exciting times ahead for Texas businesses! Contact?Ryan Wolf?and?Luke Sullivan?for the latest banking news. Ryan Wolf ?? (972) 755-5207 [email protected] Luke Sullivan ?? (972) 755-5198 [email protected] #NNN?#retail?#realestate?#investment?#investing?#commercialrealestate?#property?#passiveincome?#cre?#investor?#realestateinvesting?#commercialproperty?#netlease?#retailrealestate?#huntington #banking https://lnkd.in/gA_TiRqT