First Executive Economic Outlook Report Courtesy of Roundtable – NMP Skip to main content

First Executive Economic Outlook Report Courtesy of Roundtable

Feb 01, 2013

The Financial Services Roundtable today announced results from its inaugural Executive Economic Outlook Survey, a bi-annual review of the perspectives of senior industry executives from 100 of the largest financial services companies in America. Roundtable member company executives were asked about the challenges they face in today’s economic climate, and were also asked to predict what the next six months will hold. Topics ranged from employment and profitability to compliance and capital. Overall, Roundtable executives are optimistic about the first half of 2013. More than half (58 percent) expect company profitability to increase, and nearly three-fourths (72 percent) expect growth in capital reserves. More than seventy-five percent of executives are confident that company employment will grow or stay the same. When asked what policy issues facing their companies loom largest, executives were split between capital and liquidity rules (28 percent) and the Consumer Financial Protection Bureau (26 percent). Other major policy concerns included housing and interchange rules. “The industry leaders are optimistic about the economy, but growth will be hindered by the cost of government regulation and fiscal uncertainty,” said Scott Talbott, senior vice president of public policy for the Roundtable. “The Roundtable and its members will continue working with customers and policymakers to strengthen the economy.”
About the author
Published
Feb 01, 2013
Insuring The Risk To Lenders At Closing

Traditional protections like title insurance and closing protection letters may leave lenders exposed to significant settlement, funding, and fraud-related losses

CHLA Uses Trump Mortgage Order To Renew Push For LO Comp Reform

Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place