BankThink

Ocwen agrees to big penalties to resume business in California

02/17/17

The mortgage servicer will pay at least $25 million in cash and provide some $200 million in debt relief to borrowers to resolve a range of alleged violations. But Ocwen will also be allowed to resume acquiring servicing rights in the nation's largest state.

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Can bank divestment stop the Dakota Access Pipeline?

02/17/17

Activists are pressuring banks involved in financing the controversial Dakota Access pipeline to abandon the project by threatening to withdraw their money and sever business ties. Can that tactic change how banks approach lending – and what does it mean for banking if it can?

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Bankers' interest in MPF program grows again after long hiatus

02/17/17

The Chicago Federal Home Loan Bank experienced a significant jump in mortgage originations in 2016 due to a "re-introduction" of its traditional Mortgage Partnership Finance loan product.

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How the CFPB constitutionality case will play out

02/17/17

The Consumer Financial Protection Bureau's temporary legal victory on Thursday has lowered the odds that President Trump will seek to remove the agency's director, Richard Cordray, despite repeated calls by prominent Republicans for his ouster.

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Fannie Mae will pay U.S. $5.5B after reporting profit

02/17/17

Fannie Mae said it earned $5 billion in the fourth quarter, doubling its profits from a year earlier with a big boost from gains on derivatives the company uses to hedge risk.

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B of A boosts CEO Moynihan's pay 25% to $20 million

02/17/17

Bank of America awarded Chief Executive Officer Brian T. Moynihan $20 million for his work last year, raising his compensation 25 percent.

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Freddie focusing on credit risk transfers as portfolio winds down

02/17/17

Freddie Mac is ramping up its use of credit risk transfers, completing $215 billion in single-family transfers last year, up to $600 billion since 2013.

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Wells’ pain persists, especially in credit cards

02/17/17

The number of new checking accounts at the embattled Wells Fargo fell by double digits year over year, and account closures remained brisk. Yet the figures on credit card applications were worse.

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'Rules Don't Apply': Mnuchin's Hollywood days

02/17/17

Steven Mnuchin was selected for Treasury Secretary because of his experience at Goldman Sachs and OneWest Bank. But Mnuchin is also known in Hollywood as a "money man." Following are selected films from his many credits.

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Why this bank is taking on clients other institutions deem too risky

02/17/17

Many customers at Neighborhood National Bank in San Diego offer check-cashing services that draw attention for Bank Secrecy Act compliance.

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