News Topic: mortgages

The OCC said Citigroup's main bank subsidiary violated the Flood Disaster Protection Act by not ensuring that borrowers with homes in flood hazard areas had insurance coverage. ... Read full article

A tough fourth quarter seemed to foreshadow challenges in the year ahead for the nation’s fifth-largest bank. ... Read full article

Stephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move. ... Read full article

Lower rates and more nonbank competition will make it harder for banks to keep loans on their books as business borrowers have plenty of opportunities to refinance elsewhere. ... Read full article

Native American leaders are cheering the proposal, which would give banks Community Reinvestment Act credit for making loans made on reservations, even if the lands sit far outside their assessment areas. ... Read full article

November's foreclosure starts hit their lowest level since Black Knight started tracking this data in 2000, while the foreclosure rate reached a 14-year low. ... Read full article

The FHFA’s attempt to move some of its balance sheet into the private sector could leave investors with greater liabilities than they were initially told. ... Read full article

Now is not the time for the government to cut Federal Housing Administration premiums and enter new segments of the housing market. ... Read full article

Tom Lopp abruptly suspended a program that accounted for 83% of Sterling Bancorp's mortgage production this year. An ongoing audit of the program and pressure to diversify beyond mortgages are reasons to watch Lopp and Sterling in 2020. ... Read full article

The company plans to sell more mortgages in the first quarter, which would bring its loan-to-deposit ratio below 100%. ... Read full article

Corporate debt swelled to $15.987 trillion in the third quarter after borrowing increased by nearly 6%, according to the Federal Reserve. ... Read full article

The company will significantly boost its origination volume after buying 51% of BrandMortgage. ... Read full article

The company will hold off on making loans under the Advantage Loan program as it conducts an audit and implements new policies and procedures. ... Read full article

The decline in revenue from capital markets undercut gains in consumer banking and pushed fiscal fourth-quarter earnings below analysts’ expectations. ... Read full article

David Becker, who founded First Internet Bank two decades ago, says traditional banks' digital-only ventures are only making his bank look more mainstream. ... Read full article

Lenders contend the proposal goes beyond policing third-party debt collectors and could expose banks to enforcement actions and lawsuits. ... Read full article

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal. ... Read full article

Ana Botin, the Spanish banking giant's chairman, is counting on Santander's new digital platform to help drive expansion in the U.S. and Latin America. ... Read full article