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Regulatory Environment Keeps Bank Portfolios Improved

LOS ANGELES—According to a recent speaker at RealShare Los Angeles, while the quality of a bank's portfolio seems to be higher, some are starting to back off a little and won't be as aggressive as in years past.

By Natalie Dolce | nataliedolce | | Updated on April 08, 2016
Jason Pendergist, president of consumer and commercial banking at Luther Burbank Savings Jason Pendergist, president of consumer and commercial banking at Luther Burbank Savings
LOS ANGELES—According to Matt Galligan , president of CIT Real Estate Finance , lenders are active in all major markets. But the tone of the market, Galligan said, is different. Galligan recently served as a speaker at RealShare Los Angeles , and pointed out that the regulatory environment has really kept the bank portfolios improved and the quality higher. But it is hard to get a condo loan, he said. “And I am sure hotel loans are harder at this point.” And some banks, he said, have been told to back off. “Bank of America won’t be as aggressive this year as they were last year,” he said. Panelist Jason Pendergist , president of consumer and commercial banking at Luther Burbank Savings, explained that he is seeing banks, for the most part, maintain their discipline on the credit side. “The industry is maintaining its integrity with regard to credit. We see pricing all over the board.” The regulatory environment, Pendergist added, is infinitely more difficult for lending institutions to do what it needs to do. Check out the below stories to read more coverage from our RealShare L.A. event. Financial Industry Gets Creative When Challenged Doesn’t Have to be Core if Demographics are Strong Cash Is “Especially King” for Industrial Product What Will Happen to SoCal’s 1980s Product? Where are we in the Investment Cycle? Richard Ziman Talks L.A., Receives Legends Award Metrics Look Good, But Wild Cards Remain How Do You Define an Emerging Neighborhood?

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