Another sign of recovery?
Metropolitan Bank appears to be starting to recover from its regulatory woes.
I think that’s great news, both for the market and for consumers. The sooner these banks can be profitable and move out their REO inventory the sooner the real estate market establishes a firm bottom and can go up again. When lenders are healthy and competing, and aren’t selling distressed assets, they can compete on rates and homeowners can have confidence in the value of their homes.