mortgages

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

05/31/19

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

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Where JPMorgan stands on mortgages, branches, mobile payments

05/30/19

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.

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Lenders lobby against robocall ban; HSBC continues robot roll out

05/30/19

Banks and credit unions “push back” against an FCC proposal to limit calls; Miami gets the next assistant the bank says is not intended to replace humans.

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Expect more banks to exit national mortgage lending

05/29/19

Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.

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Indictment of Manafort's banker reveals new details of loan scheme

05/23/19

Most notably, the charges indicate that Stephen Calk lied to banking regulators about what he knew when he approved loans to Paul Manafort, as well as about his interest in landing a job in the Trump administration. He faces one count of financial institution bribery.

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TD, Royal Bank defy Canadian housing slump with loan growth

05/23/19

The two lenders are bucking the trend for the overall industry, which saw year-over-year mortgage growth slide to a 17-year low in March, according to the Bank of Canada.

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Manafort banker charged with bribery in seeking Trump post

05/23/19

The charge against Chicago banker Stephen Calk grew out of Mueller’s investigation into Russian interference in the 2016 presidential election.

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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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