News Topic: mortgages

While bank stocks flounder, their bonds are seen as a haven against a possible recession; the senator asks bank about overdraft fees on closed accounts. ... Read full article

Deutsche Bank overhaul plan will put taxpayers and the financial system at risk; the San Antonio company names three women to key technology positions; issuers like Chase and Citi need to think beyond traditional card options; and more from this ... Read full article

The company withdrew an earlier bid to become an ILC after regulators identified problems with its application. It is seeking a Nevada bank charter because it wants to add deposit management services and expand into small-business lending. ... Read full article

Borrower debt continues to rise, late payments are up and interest rates are at their highest levels since at least 1994. A new report raises questions about the sustainability of the card industry's boom. ... Read full article

Banks currently can help their CRA performance with mortgages to anyone in a distressed neighborhood, but Joseph Otting said officials crafting a reform plan are considering limiting that to lower-income borrowers. ... Read full article

These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses. ... Read full article

Bank posts its best second quarter since 2010 after a disappointing Q1; Cerberus in talks to buy loans at the center of a major accounting error. ... Read full article

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins. ... Read full article

The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees. ... Read full article

Members from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee. ... Read full article

The argument that only the federal government is up to the task is misguided. ... Read full article

The Alternative Reference Rates Committee promotes the adoption of a new Secured Overnight Financing Rate index rate to replace Libor in pricing hybrid adjustable-rate mortgages within the next two years. The change would be the first application of SOFR ... Read full article

The activist investor Blue Lion Capital, which had pushed for HomeStreet's sale, is selling all of its stock to the Seattle company. ... Read full article

Past due home equity loans and credit lines rose while most other consumer lending categories held steady or improved, according to new data from the ABA. Why it happened is a bit of a mystery. ... Read full article

With some adjustments, the loan-loss accounting standard can be more secure and workable for banks. ... Read full article

The bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May. ... Read full article

The ban, which came to light Monday, will remain in effect until either the final disposition of Stephen Calk’s court case or until it is terminated by Comptroller Joseph Otting. ... Read full article

The CFPB is giving trade groups and consumer advocates another three months to comment on its proposal to change what data is collected under the Home Mortgage Disclosure Act. ... Read full article