mortage bankers

(AP) - Applications for U.S. home loans fell 3.9 percent last week as mortgage rates climbed, an industry group said Wednesday.The Mortgage Bankers Association said its weekly mortgage index, which measures the volume of applications for loans to buy or refinance homes, fell to 618.6 for the week ending June 22. That's down 3.6 percent from the previous week but up 16.3 percent from the year-earlier week.The MBA said that applications were down for both refinancing mortgages and for new home loans.The average rate on 30-year, fixed-rate mortgages has risen by about one-half percentage point in recent weeks to 6.69 percent in the most recent Freddie Mac survey. Generally, higher rates mean that borrowers are able to qualify for smaller loans.The MBA's mortgage application index, which stood at 100 in March 1990, measures the number of home loan applications in a given week and is derived from a survey of major mortgage lenders, representing about half of the U.S. market. It does not include loans originated by nonbank lenders.Last summer, the index sank to its lowest level since 2002 and has fluctuated this year.Mortgage lenders have been tightening lending criteria in recent months after a surge in defaults and foreclosures. Lenders catering to home buyers with weak, or subprime, credit, have seen a spike in loan defaults, and many have gone bankrupt or sold off their subprime businesses.The median price of an existing home sold last month fell to $223,700, down 2.1 percent from a year ago, the 10th-straight price decline year-over-year, the National Association of Realtors reported Monday. And the Commerce Department reported Tuesday that sales of new homes fell in May for the fourth time in the past five months.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

banks insurance

Commercial Insurance:


With over 30 years of experience in marketing insurance to financial institutions, we are in a position to provide a wide array of Commercial Insurance markets to cover the Bank’s own insurance needs. Our company affiliations and our volume of production mandates competitive rates as well as top quality of insurance products to our partners and clients. By providing the Bank’s own insurance through the Agency affiliation, the Bank is assured that their “partner” will truly act in the Bank’s interest.
R.E.O Insurance and Force Place Coverage:


We are in a position to provide R.E.O. Insurance coverage and Force Place Coverage from many different carriers under different policy structures thus providing coverage that best suits the Bank’s needs. We can provide “stand alone” coverage, add on to the Bank’s package policy coverage and unique hard to place R.E.O. insurance coverage for such things as aircraft, boats and other objects and structures which have been repossessed by the Bank. Standard coverage is up to $20,000,000. And liability coverage up to $20,000,000 on a “set rate basis”. Coverages beyond these limits are also available on an “as needed basis”.
Homeowner Insurance Policies:
We will offer Homeowners Insurance to all new mortgagors, other Bank customers as well as the general public. A well defined marketing process is available utilizing computerized illustrations, and telemarketing follow-up by licensed representatives. The availability of many carriers assures your customer obtains the coverage needed at a competitive price. Experienced licensed representatives will be available to provide your customers with the service they need.
Personal Lines Insurances:

Besides offering Insurance to your customers, we provide a full line of personal insurance products including: Fire, Automobile, Motorcycle, Excess Liability, Boat Insurance and more.Voluntary Term Insurance and Cash Value Insurance:Term Insurance products and Cash Value Life Insurance products could be marketed to customers of the bank on a mass mailing basis with all leads being handled by licensed agency or Davis personnel.Saver’s Life Insurance:This unique program enables C.D., passbook and other saving account customers to utilize some of the assets and/or income from their savings programs to purchase life insurance. The periods of time that premiums are paid to this program are limited. The policy is structured to continue for as long as the customer chooses with a full refund of premium available after a given number of years. The policy provides coverage for those customers who need it, particularly your elder customers. The program elongates the relationship of the customer with the bank.
Single Premium Life Insurance:


The Agency would be in a position to offer a Single Premium Life Insurance policy to customers who are concerned about passing on assets to their heirs, tax-free. The policy eliminates probate and thus puts the monies in the hands of the receiver much quicker. The unique characteristics of Single Premium Life Insurance are that the one time premium is always fully refundable at any time to the policy owner. The insurance can be placed in effect for an unlimited number of years with complete refund of premium at any time. Participants would be provided with a complete outline of the policy provisions.


Long Term Health Care (Nursing Home Insurance):


Long Term Health Care (Nursing Home Insurance) is a product that is rapidly being accepted by senior citizens as a necessary insurance product. Basic hospitalization or Medicare does little, if anything, to provide coverage for this very expensive exposure. As General Agent for a number of companies, we can propose a "Lifetime Benefit Program" at very competitive rates to customers ages 50 and over. The average sale is $800.00 per applicant, resulting in a double sale to husband and wife.


Single Premium Deferred Annuities (SPDA):Annuities are an insurance company product that are being marketed to bank customers by many financial institutions. This product protects the bank from losing funds to outside investment sources. The average annuity customer is age 60 and over and the average annuity sale is $12,000. Sales to be generated would be determined by bank management each year. Annuities are readily accepted by bank customers when marketed by the bank.


Annuity Exchange:


Over $12 billion of Annuities are sold each year through banks to their customers and there is over a trillion dollars of Annuities outstanding. Many bank customers currently have annuities that were purchased elsewhere and are in need of up to date information, rate comparison to the current market and general servicing of their existing annuities. This program would provide a licensed representative to provide aid and service to these customers. The Agency can provide an exchange to a higher rate annuity without tax penalty and thereby generate annuity commissions to the Agency with all sales being termed as “outside money”. The Annuity Exchange program can place the bank in the Annuity business without marketing annuities to their existing C.D. and other savings customers.
Employee Payroll Deduction Automobile and Homeowner Program:Agency can offer an Employee Payroll Deduction Automobile and Homeowner Program that would provide a discount on both products to employees who voluntarily participate. This program enhances employee relationship with the bank. Coverage can continue on a direct bill basis for departed employees
Group.
Health and Individual Health Insurance:


We are able to provide large and small group Health Insurance as well as Individual Health Insurance to the bank and your customers through the major market players in the Health Insurance industry.
Credit Insurance and Optional Mortgage Insurance Programs:


We offer Credit Insurance Programs for both fixed and revolving loans. We also offer Group Mortgage Life, Disability and Accident and Health Programs.

payment system of banks

One of the main responsibilities of the Banco de Portugal is to provide the economic agents with efficient, immediate and safe payment systems.As is known, the Banco de Portugal is the entity in Portugal that, according to the terms of the European Union (EU) Treaty, issues banknotes and puts into circulation metallic coins used for cash payments.
The new series of euro banknotes integrates the most sophisticated safety elements currently available for paper-money.
The general use of other means of payment, based on demand deposit accounts, forced the central banks to provide the other banks with payment services similar to those provided to their customers. In fact, it is through the deposit accounts which the credit institutions have with the Banco de Portugal - "the bank of the banks" - that interbank and securities settlements are carried out, allowing for the completation of the payments and settlements involving more than one financial institution.
In view of the great development of payments in bank money (bank transfers, cheques, credit cards, debit cards and other means of electronic payment), and the globalisation and internationalisation of the financial markets, their clearing also requires greater automation in order to increase efficiency and safety.
The Banco de Portugal has promoted and closely monitored the automation of the payment systems, and retail payment systems in particular. SICOI – Interbank Clearing System processes retail payment instruments such as: cheques, bills of exchange, TEI (interbank electronic transfers), direct debits and Multibanco. The payment systems in Portugal has achieved a high level of development, which, from the technological point of view, may considered to be as one of the most advanced in Europe.
As to interbank payments of large amounts, the Portuguese real-time gross settlement (RTGS) system, named SPGT (Large-Value Payment System), went into operation in 1996. This system, together with similar systems of the EU Member States and of the European Central Bank, constitute the TARGET - Trans-European Real-Time Gross Settlement Express Transfer System, mainly intended to carry out the operations associated with the single monetary policy.
The Banco de Portugal pledged itself to implement and disseminate the policies presented on “Statement on the role of the Eurosystem in the field of payment systems oversight”, published by the ECB on 21 June 2000 and adopt the “Core principles on sistemically important payment systems”, approved by the Committee on Payment and Settlement Systems (CPSS) of the G10 Central Bank Governors and adopted by the Eurosystem in January 2001.
In its Annual Report for 2000, Chapter III.4, Banco de Portugal made public its commitment to the policy principles regarding payment systems.

The Evolving Role of Commercial Banks in U.S. Credit Markets

The Evolving Role of Commercial Banks in U.S. Credit Markets
By Katherine SamolykSenior Financial EconomistDivision of Insurance and ResearchFederal Deposit Insurance Corporation
EXECUTIVE SUMMARY:
How important a role do commercial banks play in funding nonfinancial borrowing? Ten years after the end of the industry's most significant crisis since the Great Depression, does banking remain a major player in financing the nation's economic activity? This paper examines the evolving role that commercial banks play in U.S. credit markets.
The available data reveal several consistent patterns over the past two decades. First, there has been a permanent increase in the overall borrowing capacity in credit markets?in other words, an increase in the credit market pie associated with the functioning of the economy. This increase was associated with a decline in the share of domestic nonfinancial borrowing that is directly funded by commercial banks, but when debt growth leveled off in the early 1990s, so did commercial banks' share of this credit-market pie. Banks' smaller share of the credit-market pie reflects a dramatic shift in the way loans to households and businesses are being financed. Specifically, asset securitization (the pooling of loans and their funding by the issue of securities) has allowed loans that used to be funded by traditional intermediaries, including banks, to be funded in securities markets.
The data also reveal, however, that commercial banks still play a significant role in funding business borrowers: we estimate that the share of nonfinancial-sector business borrowing that commercial banks fund on their balance sheets has not declined notably in five decades. Nevertheless, there has been a clear shift in how banks lend?a shift from shorter-term lending not secured by real estate to loans collateralized by business real estate. This shift may reflect banks' continuing comparative advantage in real estate lending, a form of lending less well suited to the standardization necessary for asset securitization.
With respect to borrowing by households, in contrast, we find that the securitization of home mortgages and?more recently?of consumer credit has reduced the extent to which these types of loans are directly funded by commercial banks (and savings institutions). This finding is consistent with the broadening of household-sector credit markets over time; longer-term increases in borrowing by households have generally not been associated with greater intermediation through banks. The securitization trend, however, has had a more severe effect on savings institutions than on commercial banks.
At the same time, the commoditization of credit markets?that is, the standardization, unbundling, and repackaging of payments and risks associated with credit flows?makes it harder to measure the importance of banks as well as other intermediaries in providing creditrelated services. Balance-sheet data on who is funding loans can be a poor proxy for who is providing the financial services associated with the credit flows. Commercial banks, particularly larger institutions, provide significant services in originating, servicing, and enhancing the liquidity and quality of credit that is ultimately funded elsewhere. Hence, market-share measures based on balance-sheet data are likely to understate the importance of banks to a greater extent than even a decade ago. The provision of financial services is, however, reflected in bank earnings. And indeed, when one looks at income-based measures of market share, one does not see any evidence of a secular decline in the importance of commercial banking. Thus, the conclusion of this study is that although the role of commercial banks in U.S. credit markets has certainly evolved, banks remain a critical part of the modern flow of funds that has broadened the availability of credit in the U.S. economy.

FOREX Business School - More Than Currency Trading

York, NY, June 20, 2006 --(PR.com)-- FOREX Business School (FBS) announces an e-learning program that is more than just currency trading education. Everyone can benefit from an understanding of the workings of FOREX; the world’s largest financial market.
No matter what your business, or professional focus, is you can benefit from gaining an understanding of the FOREX (Foreign Exchange) market. FOREX affects all aspects of life for everybody in the world. FOREX education is appropriate for business owners, investors, educators, students, and other professionals.
Without FOREX there would be no world dominating governments, international banks, or global corporations. FOREX provides the power and reach that determines who controls the fate of life on earth.
Because of the immense controlling power of the FOREX market, everyone should know something about it; even if you do not plan to become a currency trader, an education in the fundamentals of FOREX can provide valuable insight, and a distinct advantage, when making career and business decisions.
The educational program at FOREXBusinessSchool.com is designed to provide foundation level knowledge appropriate for currency traders and also for other professionals. FOREX is a lot more than just currency trading.
Leonard Cox, senior program developer for FBS says "When my father decided to become a lawyer, he also obtained an MBA degree. He told me that the combination of an MBA and a JD gave him a distinct advantage as a practicing attorney. The MBA helped him to more readily understand the nature of the business of law and increased his opportunities for advancement." The proper FOREX education can provide an even more powerful understanding of world business affairs than an MBA.
FOREXBusinessSchool.com educates prospective currency traders, and other professionals, to acknowledge FOREX as a profession; not just an activity. Learning FOREX with a focus on gaining knowledge and understanding prepares currency traders to achieve sustained success rates; the FOREXBusinessSchool.com program also helps other professionals visualize how the currency markets affect their business.

La flotte Synthesis Bank

La flotte Synthesis Bank colonise la place fédérale.
10 Smarts de Synthesis Bank ont fait l'événement ce matin devant le Palais fédéral et la vénérable Banque Nationale toute surprise de cette invasion...
De nouvelles conditions pour traiter du Forex !

De meilleures conditions de Trading sur les Métaux précieux !
Nouveau ! Vous avez dès à présent la possibilité de traiter la livre sterling contre le Schekel Israélien (GBP/PILS).

Connaissez-vous tous les avantages du CFD ?
Vous connaissez surement les produits financiers que propose Synthesis Bank mais pour vous aider dans vos prises de décisions, nous rappelons les avantages de traiter les CFD (Contract For Differences)
Qu’est ce que le CFD ?
Pourquoi traiter des CFD ?
Les nouveaux horaires du marché du CFD !
MISE A JOUR Liste des CFDs


Synthesis Bank no 1 du trading en ligne pour l'ensemble de la presse suisse
Tagesanzeiger, Handelszeitung, Cash , Stocks, Bilan…, toutes les analyses des principaux journaux économiques de Suisse sont unanimes: Synthesis Bank est la banque la plus compétitive.

Cours d’initiation au trading en ligne.

En collaboration avec le magazine Bilan et le Bar Pur,Synthesis Bank propose des cours d’initiation au trading en ligne. Les 10, 24 mai et 07 juin prochains, notre Chef de la salle des marchés, André Keller, vous convie à boire une coupe de champagne et à venir découvrir les arcanes du trading au bar Pur à Lausanne
Rendez-vous des Entrepreneurs de la Finance

Synthesis Bank Synthesis Bank et le magazine Point de Mire ont le plaisir de vous convier à un nouvel atelier-débat dans le cadre des « Rendez-vous des Entrepreneurs de la Finance »
Initiez-vous au trading en ligne !

Découvrez les CFD et le marché des devises !
A l’occasion de la tenue de la troisième Place des Affaires au CICG, Synthesis Bank vous propose de parfaire vos connaissances de trading en ligne par un rendez vous avec les traders professionnels de sa Salle des Marchés.

Quand : le mercredi 24 janvier à 17h45
Où : CICG, 15 rue de Varembé, 1202 Genève
Ce cours est gratuit et une inscription doit être faite.
André Keller, responsable de la Salle des Marchés du leader suisse de la banque d’investissement en ligne, partagera avec vous ses connaissances aux travers d’un atelier de découverte du trading en ligne.
Un concept original de cours de trading en ligne

En collaboration avec l’hôtel de la Paix de Genève et les champagnes Mont d’Hor, Synthesis Bank propose un concept original de cours d’initiation au trading en ligne.Tous les seconds mercredi du mois à 18h, André Keller, le chef de la salle des marchés du leader suisse de la banque d’investissement en ligne partagera, au travers d'ateliers ses connaissances du trading, au bar de l’hôtel de la Paix à Genève. Les cours sont destinés à toute personne souhaitant se familiariser aux caractéristiques du trading en ligne.Ils permettront aux inscrits de découvrir, notamment, des stratégies de négoce en temps réel sur la plateforme TradingFloor.
Ces cours seront donnés en français. Ils sont gratuits, mais le nombre de places est limité. Venez posez vos questions!
Les Bourses n'en finissent pas de battre des records
Cela fait exactement 944 jours que l'indice S&P 500 n'a plus enregistré une correction journalière de plus de 2%, comme le signale l'article ci-joint du quotidien Le Temps. Du jamais vu. La volatilité de l'indice américain est largement plus faible que lors des sept dernières années et les indices européens atteignent des sommets, SMI en tête.
Beaucoup d'opportunités de trading se profilent donc dans les semaines à venir. Voici le lien pour accéder à l'article, Bonne lecture!
http://www.tradingfloor.com/files/documents/pdf/presse/2803_001.pdf
Initiation à l'analyse technique de haut vol

En collaboration avec l’Agefi et la société spécialisée dans l’analyse technique BBSP, Synthesis Bank organise un séminaire d’analyse technique avancée à Genève, à l’hôtel de la Paix.Quatre modules de deux heures (de 12h à 14h) sont au programme

FOREX BOURSE

definition
Le Forex (Foreign Exchange) est le marché des changes, c'est-à-dire celui sur lequel on change la devise d'un pays pour celle d'un autre. Ainsi, les investisseurs achètent ou vendent des devises dans le but de faire du profit grâce à l'évolution des côtes, une évolution aussi bien régie par les fluctuations propres du marché que par des évènements mondiaux.Le Forex est le marché financier brassant le plus grand volume quotidient et est ouvert 24/24h et 7/7j.
Le principe
Sur le Forex vous pouvez donc, soit acheter, soit vendre des devises en fonction d'autres devises. Le but étant d'obtenir un profit à partir de votre position de départ dans deux monnaies différentes.Concretement, en achetant un couple de devise vous investissez en faveur d'une valorisation de la devise de base (à gauche), en d'autres termes pour une hausse du taux. En vendant vous investissez pour l'inverse.
Dans le marché Forex, les devises sont cotées selon une numérotation à cinq chiffres, dont la dernière décimale est appelée un point ou un pip। Ainsi vos gains correspondent directement au nombre de pip de différence depuis l'ouverture de la position (ce nombre étant négatif en cas de perte).De plus l'existance d'un système de levier permet de rendre la spéculation intéressante (avec un levier 1:100 vous spéculerez avec 100$ pour 1$ investi).Plus le levier choisi est important et plus les fluctuations du marché seront démultipliées.A l'image d'autres marchés financiers qui ont un écart entre le prix de l'offre et le prix de la demande, il faut faire face à un coût immédiat pour établir une position (3 à 4 pips en générale).Par exemple, si le cours acheteur de la paire EUR/USD est à 1.1882 alors que le cours vendeur est à 1.1885, l'écart de 3 pips constitue le coût de la transaction. Celui-ci étant rapidement récupéré si le marché va dans le sens de la position ouverte.

je veux signaler au chers internautes qu'il ya un bon moyen pour avoir un espace privé pour eux pour essayer le monde de la bourse gratuitement.........MARKETIVA.

MARKETIVA

Marketiva est la seule société, le seul site, à vous permettre d'ouvrir un compte gratuitement et sur lequel vous pouvez ensuite investir aussi peu que 1 $.Chez les concurrents il est obligatoire de déposer de 300 à 500$ pour ce faire, ce qui n'est pas évident a forciori lorsque l'on débute dans ce domaine.Avec Marketiva, il est possible de charger (ou recevoir) des fonds par virement bancaire, e-gold ou e-bullion.Par ailleurs, et ce n'est pas négligeable, il y est facile d'obtenir de l'aide instantanément et en français grâce au tchat intégré.Un autre point positif avec Marketiva est la mise à votre disposition d'un porte-feuille virtuel de 10000$ pour acquérir de l'expérience avant d'y investir votre propre argent.Et, qui plus est, vous vous verrez offrir, tout de suite après votre inscription, 5 $ sur votre porte-feuille réel!Recevoir 5 $ gratuits pour trader c'est bien, mais c'est peu.En effet, vous vous rendrez compte que trader sur le forex avec si peu ne laisse pas une marge confortable permettant d'engranger des gains conséquents.Comme tout investissement en bourse, les perspectives de gains sont à hauteur de la somme investit!Il va donc de soi que si vous désirez gagner des sommes non négligeables un investissement (non obligatoire chez Marketiva) est nécessaire.Pour les débutants sur ce marché mieux vaut se contenter d'investir dans un premier une centaine de dollars.Cela permet de commencer à faire de bon gains tout en ayant une marge confortable.Libre à vous après avoir gagné l'expérience nécessaire d'être plus ambitieux.Il ne vous reste plus qu'à vous rendre sur le site et à procéder à votre inscription...