News Topic: mortgages

Steve Calk, the head of The Federal Savings Bank, was a "co-conspirator" in an effort to defraud the Chicago bank, a prosecutor said at the trial of former Trump campaign chair Paul Manafort. Could Calk be charged with a crime? ... Read full article

Stephen Calk, the CEO of The Federal Savings Bank, expedited approval of a mortgage to the onetime Trump campaign chair in hopes of winning a job as Treasury secretary or housing secretary, a former bank employee testified Friday. ... Read full article

Joe Baratta, Blackstone’s global head of private equity, said that he was drawn to the Sacramento. Calif., company because he believes its technology offers lenders a more efficient way to find customers. ... Read full article

Gateway Mortgage's owners plan to merge the mortgage lender into Farmers Exchange Bank. ... Read full article

The mortgage giants Fannie Mae and Freddie Mac would have to draw as much as $78 billion in the event of a serious economic crisis, according to stress test results released Tuesday by the housing regulator. ... Read full article

But data privacy is likely to deter banks from partnering with the social media company; the online listings company wants to "reshape" the market. ... Read full article

The agreement was likely the last of the big cases to be cleared by the Justice Department, and Wells paid less than its peers did to resolve the lingering mortgage probes stemming from the meltdown. ... Read full article

Ten years after faulty mortgages upended the global financial system, Wells Fargo agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster. ... Read full article

Lawmakers authorized a four-month extension less than a day before the program was set to expire. ... Read full article

The agency said multiple stakeholders had requested more time to evaluate the proposal. ... Read full article

Industry veteran A.W. Pickel III became president of Waterstone Mortgage in June, and now the company has decided to promote him to succeed longtime CEO Eric Egenhoefer. ... Read full article

Politico reported Friday that the head of the Federal Housing Finance Agency is being accused by an employee of making inappropriate sexual advances. ... Read full article

With the program set to expire July 31, the House bill will have to be reconciled with Senate legislation that includes a longer extension. ... Read full article

The March acquisitions of a warehouse lending portfolio and eight California bank branches helped fuel a 22% increase in net income. ... Read full article

Credit card and auto loans grew again in the second quarter at the McLean, Va., company, and the net charge-off rates of both business lines fell, too. ... Read full article

A multimillion-dollar deal between Chicago Mayor Rahm Emanuel and Stephen Calk, the man who would later become Paul Manafort's banker, was supposed to deliver 400 new jobs to the city. Here's what really happened. ... Read full article

Debates on the issue often focus on how lending decisions affect certain demographic groups, but those analyses tend to ignore an important factor: default rates. ... Read full article

Reps. Ed Royce, R-Calif., and Earl Blumenauer, D-Ore., introduced a bipartisan package of legislation Tuesday to extend the National Flood Insurance Program through Nov. 30. ... Read full article