B. End of Bank RALs

Posted by on Juin 2, 2020 in Af247 | Commentaires fermés sur B. End of Bank RALs

B. End of Bank RALs In the past years that are few there were a wide range of major developments into the RAL industry. The 3 biggest banking institutions in RAL lending – JPMorgan Chase, HSBC and Santa Barbara Bank & Trust – had kept or were forced out from the company by December 2010. Due to these actions, there were just three little, state-chartered banking institutions making RALs in 2011– Republic Bank & Trust, River City Bank and Ohio Valley Bank, all located in Louisville, Kentucky. In February 2011, the FDIC notified these banks that the practice of originating RALs...

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