Figure Technolgies, the home equity lender founded by the former CEO of SoFi, is seeking a national bank charter so it can offer more products and services while reducing the need for state-by-state licenses. ... Read full article
Mortgages taken out to fund business operations can now be modified in bankruptcy. That’s a relief to borrowers — particularly with business failures expected to increase as the pandemic drags on — but a possible headache for banks and investors that hold ... Read full article
Closing loans is just one way BMO Harris and other banks are looking to use online notarization. But there are obstacles to overcome before it becomes standard practice. ... Read full article
Wells Fargo will temporarily stop accepting applications for home equity lines of credit, following a similar move by rival JPMorgan Chase. ... Read full article
Wells Fargo tells business clients to consider other banks for emergency loans; JPMorgan Chase is temporarily reducing its exposure to the mortgage market; how TD Bank got a head start on pandemic preparations; and more from this week's most-read ... Read full article
The nation's largest bank is temporarily reducing its exposure to the mortgage market amid rising unemployment and estimates that home prices could drop by 10%. ... Read full article
The worsening economy brought on by the coronavirus pandemic has big banks rethinking who they will lend to. ... Read full article
On Sep. 30, 2019. Dollars in thousands. ... Read full article
On Sep. 30, 2019. Dollars in thousands. ... Read full article
On Sep. 30, 2019. Dollars in thousands. ... Read full article
On Jun. 30, 2019. Dollars in thousands. ... Read full article
Home loan originations rose by double digits in the third quarter while auto loan originations approached an all-time high, according to new household credit data from the New York Fed. ... Read full article
Delinquencies on indirect auto and home equity loans are trending up, while past-due rates on credit cards are declining, according to a recent report by the American Bankers Association. ... Read full article
On Jun. 30, 2019. Dollars in thousands. ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
The Federal Housing Administration is aiming to limit the share of borrowers who have been withdrawing money from the value of their homes. ... Read full article
Past due home equity loans and credit lines rose while most other consumer lending categories held steady or improved, according to new data from the ABA. Why it happened is a bit of a mystery. ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
The CFPB is giving trade groups and consumer advocates another three months to comment on its proposal to change what data is collected under the Home Mortgage Disclosure Act. ... Read full article
