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How might your bank tap into that 32M SMB market potential? Learn how to innovatively address the SMB’s need for cash management, lending, and time management tools. Learn how two prominent financial institutions are using innovative technologies to amplify their personalization and engagement strategies. Read More about Unveiling the Secrets of Personalization and Engagement
32M SMBs Are Underserved by Their Banks
Unveiling the Secrets of Personalization and Engagement
$1.37 trillion
The net worth of America’s 400 richest people, up 8% in 2010.
15 million
people don’t have a job, equal to the population of New York, Los Angeles and Chicago combined.
3 million more have just stopped looking for jobs after a year because they can’t find one.
— NPR/Bureau of Labor Statistics
1 in 7
The number of poor people estimated in the US.
— US Census
1 million
The number of American households likely to lose their homes this year.
— RealtyTrack
2.3 million
The number of homes repossessed by lenders since the recession began in December 2007.
— RealtyTrack
338,836
The number of properties receiving a foreclosure-related warning in August 2010. That’s one in every 381 homes.
— RealtyTrack
95,364
Number of properties repossessed by banks in August 2010.
— RealtyTrack
51%
The percentage of 1.3 million homeowners who have dropped out of the US government’s HAMP mortgage mod program. Only 15% of them have advanced to actual foreclosure.
— US Gov’t
19%
Consumers who say its okay to walk away from a home loan. Another 17% said it depends on the circumstances.
— Pew Research Center
680,000
The number of mortgage modifications BofA claims to have completed, including 80,000 in August alone.
— Bank of America