Banking Articles

These Banking articles will give you the news and information you need to stay up to date in the ever changing Banking industry.

May 17, 2013 – 1,577 views
Michael King - Gammage & Burnham
You would think that curing a $2 billion loan default, restructuring loans and preventing further monetary defaults would be valuable to borrowers. After all, being placed in loan default is seldom a good thing. Nevertheless, certain lenders were chagrined to have their liens set aside and to be required to pay money into the bankruptcy estate of Tousa, Inc. because the entities providing new collateral did not get... Full Story 
May 14, 2013 – 1,300 views
Banker Resource
Predatory lending is the practice of fraudulent, deceptive, or unfair methods by money lenders when lending money to people in need. This type of lending practice is usually denoted by huge benefits for the lender, such as excessive fees or high interest rates. Predatory loans are quite popular in the mortgage industry, though it can be found in many other types of lending such as tax refund loans, payday loans, rent-to-own transactions, car title loans, and... Full Story 
May 8, 2013 – 1,789 views
Banker Resource
There are many reasons why one should go for a commercial appraisal. These include facilitating mortgage and real estate transactions, lowering the tax burden, establishing the replacement value of insurance, protecting your rights in a case of condemnation, and so on. The appraiser or the person who performs that appraisal gives an unbiased professional opinion about the market value, which can be used in making real estate related decisions... Full Story 
April 18, 2013 – 3,634 views
Banker Resource
One of the most commonly asked questions by people who buy title insurance is the difference between owner policy and loan policy. There are a number of doubts in buyers’ minds, like why pay premium for this insurance, what the benefits are, and so on. The basic difference, as the names of the insurance clearly suggests is that the owner policy is for the person who is buying the property from a particular owner. The loan policy, more commonly known as the lender policy, is assigned only to the mortgage lenders. Based on a few factors, here are the key differences between the owner policy and loan policy in title insurance... Full Story 
April 12, 2013 – 1,491 views
Banker Resource
When you lend money to someone, the lender must ensure that the borrower is treated fairly. Usually, a written agreement is drafted with the terms and conditions of the loan. This agreement is signed by both the lender and the borrower, and a third party witness in some cases as well. Since both the parties involved in this deal are human, there might be cases where you might act in breach of the initial agreement, intentionally or unintentionally. This is called lender liability. If the borrower files a lawsuit, you might have to pay damages to the borrower. Here are some of the top risks associated with lender liability... Full Story 
April 11, 2013 – 1,882 views
Troy Evans - The Evans Group
Robberies of our Financial Institutions are at the very least a steady trend, and in many areas of the country is hitting at an alarming and increasing rate. Robbery is here to stay and the only chance that our Financial Institutions have surrounding the areas of Prevention, Apprehension and Recovery involves training, training and more training... Full Story 
April 8, 2013 – 1,644 views
Banker Resource
Constructing a building can be the most interesting or the most challenging project in someone’s life. Irrespective of the fact that it is for dwelling or commercial purposes, it is almost impossible to go about it without a strong financial support. Banks provide construction loans in order to build a new building and not for the purpose of redecoration and renovation... Full Story 
April 3, 2013 – 2,206 views
Banker Resource
Internet banking is a new age-technological advancement which is widely popular all over the world. This technology has enabled customers to perform their banking transactions from anywhere in the world and at any time, according to their convenience. Most banks provide similar online banking services. In order to attract more customers and to promote their business, professionals in the field of banking should think of varied ideas of internet banking. These ideas will not only help to attract new customers, but will even enhance the banking experience of the existing customers. Given below are a few methods that banking professionals can follow to engage their online customers and expand their business... Full Story