mortgages

Deutsche, UBS plan revival; Landlord charged with fraud

05/23/19

Christian Sewing ready to make "tough cutbacks" while UBS may need a new strategy; SEC says Robert C. Morgan misled banks with fake loan papers.

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PDL Community in New York to buy mortgage lender

05/22/19

The parent of Ponce Bank has agreed to acquire Mortgage World Bankers.

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NCUA appraisal plan is far from risky

05/20/19

The credit union regulator’s proposal to raise the appraisal threshold for nonresidential real estate loans won’t harm the economy or consumers, contrary to critics’ claims.

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Metro Bank shares post record gain as lender boosts capital

05/17/19

Vernon Hill's U.K. bank sold $479 million of new stock and issued fresh details about its turnaround efforts. Those included plans to cease its controversial practice of purchasing design and branding services from a business owned by Hill's wife.

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A ‘crisis of confidence’ at Vernon Hill’s U.K. bank

05/15/19

As Metro Bank’s problems mount, calls for Hill’s ouster as chairman are getting louder.

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What’s behind the rise in credit card delinquencies

05/14/19

It’s no coincidence that with more than half of consumers ages 20 to 29 now holding credit cards — up from 41% in 2012 — 90-day delinquency rates are at a seven-year high, according to the New York Fed.

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Banks, credit unions find common ground in electronic notary push

05/13/19

New legislation in Iowa that allows banks and credit unions to use electronic notaries could help local lenders compete with online competitors.

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Metro Bank shares plunge despite fundraising progress

05/13/19

The London bank, founded by American entrepreneur Vernon Hill, has lost three-fourths of its market value since British regulators found that some of Metro’s mortgages were given the wrong risk weighting.

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BofA may go solo on payments processing; Trust banks’ slide

05/10/19

The bank may end its venture with First Data to work on its own; State Street and BNY Mellon's fee revenue from investor clients and stock prices are down.

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Can FHA's promise of softer enforcement get lenders back on board?

05/09/19

The industry welcomed a proposed overhaul of how the government identifies False Claims Act violations, but some say it remains to be seen if the changes are enough to satisfy companies that had bolted.

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