The Business Journal serving the Greater Triad area in Greensboro, N.C., reports that retail and wholesale lending has risen sharply at several of the local banks. But new rules and regulations could end up slowing revenue growth.The paper goes on to say:
“The little banks, in terms of fee income from underwriting refinancing transactions on mortgages, are going to really get hit hard,” UNC-Charlotte banking professor Tony Plath said. Rising rates are “just going to wipe out the refi business for a lot of these little companies just like for the big banks that are dependent on that source of fee income.”
