Senators: Decision to halt FHA lending to DACA recipients is unacceptable


A group of Senate Democrats have called on HUD Secretary Ben Carson to reverse his agency’s opinion that borrowers in the Deferred Action for Childhood Arrivals program are ineligible for FHA loans.


HomeStreet prevails in battle with activist investor


All of the Seattle company's directors, including CEO Mark Mason, were backed by shareholders despite a challenge by Blue Lion Partners.


The key to rightsizing regulation


Regulators could collaborate on a superagency to streamline laws.


CitiMortgage penalized for not paying escrow account interest


The Citigroup mortgage unit is not the first lender to be tripped up by California law requiring the interest payments on escrow impound accounts.


First Merchants settles with Justice Department over mortgage practices


The Indiana company, which has an acquisition pending, will make more loans in minority neighborhoods around Indianapolis.


DACA recipients ineligible for FHA loans, housing official says


The interpretation by HUD, conveyed in a letter to Congress by Assistant Secretary Len Wolfson, appeared to contradict the agency's earlier comments about borrowers in the Deferred Action for Childhood Arrivals program.


HUD down-payment policy harms first-time buyers


The agency’s new guidance would limit some nonprofits’ ability to help borrowers pay their down payments, leading to higher home costs.


Golden West co-founder Herb Sandler dies at 87, leaving complicated legacy


Sandler and his wife, Marion, built a small California thrift into a powerhouse before selling it to Wachovia prior to the housing collapse, but were heavily criticized for engaging in some of the same practices that caused the financial crisis.


Regulation key to systemic health, Quarles says; HSBC plans cuts


Stress tests, capital buffers and liquidity levels are best ways to make financial system safe; HSBC plans to layoff “several hundred” from investment bank.


Where JPMorgan stands on mortgages, branches, mobile payments


In a presentation Thursday, co-COO Gordon Smith expanded on Jamie Dimon's recent comments about frustrations in the mortgage market, was upbeat about branch profitability and discussed some of the bank's Chase Pay challenges.