Lower Legal Costs Offset Headwinds for Banks’ Q4 Earnings

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: CFPB’s Complaint Volume is Swelling Next: Fed Unveils Stress Test Criteria Lower Legal Costs Offset Headwinds for Banks’ Q4 Earnings January 28, 2016 994 Views Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Banks Earnings Statements Fitch Ratings Profits RMBS Settlements Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Banks Earnings Statements Fitch Ratings Profits RMBS Settlements 2016-01-28 Brian Honea The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Lower Legal Costs Offset Headwinds for Banks’ Q4 Earnings Related Articles More than half of the 17 largest banks or investment banking firms in the United States posted lower over-the quarter incomes in Q4 2015 due to such factors as market volatility, interest rate uncertainty, and pressures in oil and gas, according to a release from Fitch Ratings on Thursday.One of the factors that offset these factors was a moderation in litigation costs stemming from mortgage-backed securities, as was the case with Bank of America and Morgan Stanley—both of which reported substantial gains in their profits for Q4 with costs stemming from multi-billion dollar RMBS settlements largely in the rear view mirror. One notable exception to this was Goldman Sachs, which saw a decline of about 50 percent in net earnings over-the-quarter and about 67 percent year-over-year in Q4 due to a fresh $5.1 billion settlement reached in January 2016.Incremental income growth and very benign credit costs were other factors that offset the market volatility, interest rate uncertainty, and oil and gas pressures, according to Fitch. According to the Fitch report, 11 of the 17 largest financial institutions posted lower over-the-quarter net incomes in Q4.The precipitous drop in oil prices that has continued into 2016 has resulted in many of the banks reporting further loan loss reserve builds, because banks cited exposure to oilfield services and exploration and production companies as higher risk segments. Banks have benefited greatly from reserve releases in recent years, according to Fitch, but Q4 net earnings were affected by related provisioning even though the banks’ direct exposure to oil and gas pressures was fairly modest.Fitch noted that it expects to see some price recovery in the oil industry—specifically, the agency expects oil prices to jump from $30 a barrel to about $45 a barrel in 2016 and $55 a barrel in 2017. There is still a great deal of regulatory uncertainty regarding oil prices for the banking sector, according to Fitch. Share Savelast_img read more

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What Will Affect Home Appreciation in 2019?

first_imgHome / Daily Dose / What Will Affect Home Appreciation in 2019? Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Appreciation Home Values HOUSING Housing Supply Mortgage Rates Veros 2019-01-17 Radhika Ojha Demand Propels Home Prices Upward 2 days ago It might not be a crash, but home appreciation is certainly poised for a slowdown in 2019 according to the fourth quarter of 2018 VeroFORECAST.Published by Veros Real Estate Solutions, the quarterly forecast revealed that the rate of appreciation in 2019 would drop to 3.9 percent in some of the most populous markets of the U.S. reflecting a half-percent drop from 4.5 percent that was reported in the previous quarter’s report.”This amount of change from one quarter to the next is significant,” said Eric Fox, VP of Statistical and Economic Modeling at Veros. “While the market fundamentals remain solid and we still expect the overall housing market to remain healthy, there is a definite slowing down of most markets from last quarter’s update.”Looking at the factors that were likely to impact home values, the report said that overall interest rates “appear to be softening the forecasts in many markets by 1-2 percent” over what they would have been if these rates had remained flat as in the past years. “At the same time, housing supply is a key discriminator between our top and bottom forecast performing markets,” Fox said.”We do not see a crash, but simply a slowing down as the strength of the past few years is expected to dissipate somewhat in most markets,” he said.The report indicated that the number of depreciating markets has increased from three to five percent since last quarter’s update. This means, 18 markets, twice as many as in the third-quarter 2018 report, are predicted to depreciate through December 1, 2019.Farmington, New Mexico which was expected to depreciate 2.9 percent topped this list, followed by three cities in Illinois Danville (1.4 percent); Decatur (1 percent); and Peoria (1 percent). Grand Forks in North Dakota (0.8 percent) rounded off the bottom five markets.The forecast also revealed a diminishing trend of big cities dominating the housing market values. This quarter’s forecast indicated that a majority of the top and bottom 10 housing markets were small to modest-sized cities with an average population of 260,000. Four states, in fact, dominated the top 1o markets. They included Idaho, Washington, Texas, and Colorado. The housing market in Boise City, Idaho was projected to show maximum appreciation at 9.5 percent by December 1, 2019, followed by Olympia, Washington (8.8 percent); Midland, Texas (8.7 percent); Idaho Falls, Idaho (8.6 percent); and Odessa, Texas (8.4 percent) rounding off the Top 5 markets.Hotspots such as Denver, Las Vegas, Reno, and Dallas would be appreciating at lower rates this year, the report predicted. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Share Save Previous: Delgado to CNBC: “We’re Not Ready” Next: A Closer Look at TRID The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Tagged with: Appreciation Home Values HOUSING Housing Supply Mortgage Rates Veros What Will Affect Home Appreciation in 2019? Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago January 17, 2019 2,126 Views Demand Propels Home Prices Upward 2 days ago About Author: Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Postlast_img read more

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New solar plants equipped with electricity-storage capacity are proliferating across the U.S.

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):The solar energy industry has achieved its long-time quest to become cost-competitive with conventional power across wide swaths of the United States. Now it is on to a new mission: saving that energy for later.Large-scale solar power plants coupled with energy storage systems are multiplying in the U.S., as developers and grid operators seek to smooth the variable output of solar plants by storing the electricity they produce for peak power demand in the evening. At least 51 such hybrid systems 1 MW and larger are online or planned, according to S&P Global Market Intelligence data. Operational systems total 783 MW of solar capacity tied to 492 MW of storage for various periods of time, while planned projects account for 3,228 MW of solar integrated with 2,888 MW of storage.Many of these solar-plus-storage projects are concentrated in the Southwest. Hawaii and the Northeast also have multiple projects planned or underway. Beyond known projects with identifiable developers, many more solar-plus-storage power plants are earlier in the development process. Grid operator interconnection queues and recent responses to utility requests for proposals show several thousand megawatts of additional potential.In response to Xcel Energy Inc.’s recent request for proposals, for instance, developers pitched 57 projects in Colorado for more than 10,000 MW of battery-backed photovoltaics. The California ISO’s generator interconnection queue, as of May 24, showed 16 projects coupling 3,340 MW of solar PV with 2,532 MW of batteries. Another 14 solar-plus-storage projects with a combined maximum output of more than 5,000 MW were exploring interconnection in Arizona Public Service Co.’s territory, as of April 4. Additional large-scale battery-backed solar projects are under study in the ISO New England, New Mexico and PJM Interconnection.“I see a future with more battery and solar combinations,” Jeff Burke, director of resource planning at APS, said in an interview.On new energy frontier, solar-plus-storage plants proliferate New solar plants equipped with electricity-storage capacity are proliferating across the U.S.last_img read more

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