mortgages

Scrapping CRA is no solution

12/13/18

Any serious discussion of how best to update the Community Reinvestment Act for the 21st century must focus on strengthening the law, not eliminating it.

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Manafort, Cohen cases highlight banks' vulnerability to fraud

12/12/18

Time and again, two former associates of President Trump deceived banks in connection with loan applications. Their wealth, proximity to power and willingness to tell big lies all appear to have helped them get away with brazen schemes.

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OCC sees sharp drop in mortgages serviced by large banks

12/12/18

An agency report said servicing portfolios have shrunk by nearly half in 10 years as much of the mortgage market has shifted to nonbanks.

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CFPB fines mortgage lender over claims it deceived veterans

12/06/18

The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.

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Congress passes one-week flood insurance extension

11/30/18

Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms.

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Bank regulators propose expanding exemption for residential appraisals

11/20/18

The effort to raise the threshold for transactions excused from appraisal requirements responds to concerns that the current threshold is outpaced by real estate prices.

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FHA's $14.4B problem; Danske whistleblower to speak

11/19/18

The agency's mortgage insurance fund has big potential shortfall; Howard Wilkinson can tell U.S. regulators and law enforcement agencies what he knows.

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Millennials don't need cars? Their debt loads say otherwise

11/16/18

Adults ages 18 to 29 may have a hard time getting a mortgage, but they are not shying away from other forms of consumer debt, according to a report by the New York Fed.

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Fannie, Freddie could fix what ails VA, FHA lending

11/16/18

The Trump administration should consider putting much of the subsidized mortgage lending done by the federal government under the government-sponsored enterprises to improve efficiency and transparency.

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Will new Amazon HQs be a boon for local banks?

11/14/18

Tepid loan and deposit growth has been a persistent theme in 2018, but that could soon change for community and regional banks in the New York and Washington markets.

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