mortgages

Credit Suisse CEO leaves; Fannie, Freddie to buy SOFR mortgages

02/07/20

Tidjane Thiam submits his resignation; the two agencies said they will soon start accepting mortgages tied to the new rate and drop Libor by yearend.

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Big banks outlast city of Miami in long legal battle

02/03/20

The city's decision to drop a lawsuit alleging predatory ending by Wells Fargo, JPMorgan Chase, Bank of America and Citigroup highlights the challenges municipalities face in taking on deep-pocketed financial institutions.

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Consumer lending outlook: Solid near term, shaky long term

01/31/20

Mortgages, auto loans and credit cards should perform well for the next two quarters. Beyond that, all bets are off.

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Damage report: Popular’s running toll of natural disasters

01/28/20

The largest bank in Puerto Rico said hundreds of millions of dollars of its mortgages and consumer loans are tied to the parts of the island hit by the recent quake or still recovering from two hurricanes.

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Howard Bancorp in Md. to exit mortgage lending

01/24/20

The company, which sold the business to a group of former employees, will shut down its operation this quarter.

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Provident in Massachusetts buys warehouse lending business

01/22/20

The company acquired ResX Warehouse Lending from People's United Financial.

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Citibank fined nearly $18 million for flood insurance violations

01/21/20

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.

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U.S. Bancorp counting on fee businesses to drive growth in 2020

01/15/20

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

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Loan payoffs likely to accelerate in 2020

01/13/20

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.

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Manafort's banker seeks to move his trial from New York to Chicago

01/13/20

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.

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