GLG News by Core Banking Processing Solutions Evaluators and Purchasers

Howard BruckChief Information OfficerHUDSON VALLEY BANK

Missing the boat - deduplication is only one piece of the puzzle

July 27, 2009

Analysis of:EMC outlines where Data Domain will fit | blogs.zdnet.com

The hype around Data Domain that brought it $2.1 Billion, over-emphasized the role of deduplication. The technology is nice, but it is neither unique nor complete.

James McMahonPresidentJM Bear Advisors

Is Real Estate Inventory Finding or Hitting a Bottom?

June 10, 2009

Analysis of:Consulting Management Platform | news.glgroup.com

1. Does the data from several sources indicate that housing inventory is hitting bottom. 2. What is driving the current market conditions 3. What will drive the market to react from a negative or positive nature

James McMahonPresidentJM Bear Advisors

Residential Mortgage Rates Fall Again This Week....Does it Matter ?? What Is the Tipping Point?

May 25, 2009

Analysis of:Consulting Management Platform | news.glgroup.com

This week we saw residential mortgage rates fall even lower for almost all loan programs. However, the question needs to be asked..Does it really matter at this point in time. If rates dropped into the 300 basis point range would there be a rush by the public to buy new or exiting housing stock?

James McMahonPresidentJM Bear Advisors

Your Credit Score !!! Ways to Maintain The Best Credit Score Possible

May 25, 2009

Analysis of:My Analyses | news.glgroup.com

At this point in time it is imperative that every individual spend as much time and take as much effort possible to insure that they have the best possible personal credit bureau score. Regqardless iof what bureau is used (TransUnion, Experiein or Equipfax) and what credit score model is used (FICO or Vantage Score).  With lenders being very picky as to whom they lend to the best credit score will win the hearts and minds of the lender.

James McMahonPresidentJM Bear Advisors

Institutional Investor Flee's From Bank Of America. Will Others Follow ??

May 25, 2009

Analysis of:Temasek dumps 3.8% Bank of America stake | business.timesonline.co.uk

Is the trend of institutional investors leaving BoA as well as well as other larger FI's tell a story of things to come? What is the motivation behind these moves? A lack of faith in BoA strategies ? Concerns about capitol? Are more loan losses that are still predicted to come in the 2nd through 4th quarter helping to squash a continued rally?

James McMahonPresidentJM Bear Advisors

Residential Real Estate Started this Down Turn - Residential Real Estate will Take Us Out of It Too !!!

May 21, 2009

Analysis of:Consulting Management Platform | news.glgroup.com

Much has happened in the credit markets in the past several years and many things have contributed to the current economic downturn. The road in the rear view mirror is littered with failed policies from the government and from private segments of the econimic system. One thing is certain. The start of this current economic cycle, the tip of the spear that created this crisis, is the collapse of the residential mortgage market. This situation manifested itself in changes to the marketplace spurred on by changes in the Congress and Senate during the 2006 election cycle. During this time the Democrates took control of both sides of the ails. Barney Frank was named head of the House Budget Commitee and Chris Dodd was named head of the Seante Banking and Finane Committee. Both of these men had a major effect on how the morgage market changed from years past.

James McMahonPresidentJM Bear Advisors

Corporate C&I and Commercial Real Estate Lending is Taking a "Wait and See" Attitude

May 18, 2009

Analysis of:Sharp slowdown in corporate lending | www.ft.com

Almost every bank is taking the "Wait and See" attitude depending on  each institutions capitol, geography, market demographic or new/ revised growth strategies in this current environment. This wait and see strategy is the new balancing act in most independent community, regional and super regional banks. The lifeblood of most commercial bank lending has always been focused or centered on "Relationship" lending. Lending to companies, within a banks designated SIC spread or range that have typ,ical C&I as well as CRE potential are always nurtured if they already are on board and are coveted as business development . The ability to position lending to any business within the banks appetite is always a balancing act between the risk and the reward. Customers who have the greatest potential for a multi level lending product need as well as all the typical deposit, cash management, trust, trade debt and other add on products is how banks grow and how profitability is maximized

James McMahonPresidentJM Bear Advisors

Loan Delinquencies & Loan Losses Continue to Hit Record Levels In Almost all Loan Product Categories

May 18, 2009

Analysis of:Consulting Management Platform | www.financialexpress.com

Loan Delinquencies & Loan Losses Continue to hit record levels In all Loan Product Categories as this lastest economic cycle moves hrough the pipeline. Even with the changes that most FI's have made to their loan policies and underwriting guidelines the number of loans madewithin th the prior parameters continue to move through the pipeline. Since deliquencies and loan losses are another lagging indicator within the cycle we are just starting to see the final chapter being written on where these two major indicators will end up. The key question is where will these delinquencies and losses rank in relation to previous cycle highs...Does anyone want to guess? How long will it take to see these levels?

James McMahonPresidentJM Bear Advisors

FICO vs. Vantage Consumer Credit Scores - Where We Have Been & Where we are Now

May 18, 2009

Analysis of:Consulting Management Platform | www.financialexpress.com

1. The history of the evolution of the importance and use of consumer credit scores is explored. 2. The launch of the new Vantage consumer credit bureau scoring models in 2006 by the three major credit bureaus, Experien, TransUnion and Equifax has created a new dynamic. 3. What has been the impact on the use of either or both score models within the lending market? 4. Has the new Vantage score made a huge dent in the use of the current market king, FICO score or has the use or acceptance of Vantage score been a slow and measured process?  

James McMahonPresidentJM Bear Advisors

Loan Information & Data Verification Processes Back In Vogue - Lessons Learned

May 13, 2009

Analysis of:Consulting Management Platform | www.financialexpress.com

Prior to late 2007 verification of loan applicants income, employment, address, social security number and any other information critical to the loan underwriting process. Due to the significant issues within the mortgage market during this most recent credit meltdown that were caused by subprime mortgages, stated income, no or low doc loans, Alt-A programs etc, it has been determined that almost 90% of the current delinquency and forclosures could have been prevented or mitigated by using "old fashoined" verificantion processes on loan appilcation integrity. Where do we go from here from a lessons learned perspective and what has been the effect on existing data verification companies and the creation of new companies in this space.

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