News Topic: mortgages

The Chicago company said its decision was largely based on intense competition, very low margins and economic changes. ... Read full article

Investors are growing worried about lackluster loan growth this year at community banks. ... Read full article

The government is pushing up mortgage prices to dangerous levels by easing credit standards in a market where supply is low but demand is high. ... Read full article

Proposal would lower capital requirements for some, raise them for others; Mulvaney says enforcement division will continue to police lending discrimination. ... Read full article

Following its acquisition last November of Capital Bank in North Carolina, First Horizon will fund mortgage and small-business lending in low-income areas of the Southeast and expand its vendor relationships with minority-owned firms. ... Read full article

According to the Reuters report, which cited unnamed sources, acting CFPB Director Mick Mulvaney is seeking a settlement with Wells over claims related to force-placed auto insurance and improper mortgage fees. ... Read full article

Momentum to overhaul the mortgage finance system had been slipping, and with Democrats divided over the Senate's banking relief bill there's virtually no chance more bipartisan deals can be worked out. ... Read full article

The investigation targeted 36 residential mortgage-backed securities deals involving $31 billion worth of loans, more than half of which defaulted, according to the Justice Department. ... Read full article

Readers react to a drive for more public banks, weigh in the launch of an online-only bank, chime in on what millennials need and more. ... Read full article

After several years of preparation, Fannie Mae and Freddie Mac will start issuing a new, common mortgage-backed security starting June 3, 2019, the Federal Housing Finance Agency said Wednesday. ... Read full article

Two Democrats on the House Oversight Committee asked the panel's Republican chairman to issue a subpoena for documents related to Stephen Calk, whose bank made loans to former Trump campaign manager Paul Manafort. ... Read full article

A bill to allow captive insurance companies to be reinstated as members of the Federal Home Loan Bank System appears to be dividing the FHLB community. ... Read full article

HUD Secretary Ben Carson told lawmakers that overly rigid False Claims Act enforcement had forced lenders to suffer financially for what were just minor errors, but that lenders' fears of being sued were dissipating. ... Read full article

BankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm. ... Read full article

The company's planned purchase of Coastway Bancorp in Rhode Island makes sense since both institutions used to be credit unions. ... Read full article

As Congress moves quickly toward passing regulatory relief legislation, another financial services policy goal — long-term reform of the National Flood Insurance Program — remains stalled. ... Read full article

The country’s ratio of household debt to disposable income reached a record 171% in 2017. ... Read full article

Despite past missteps in the U.S. mortgage business, the bank is giving it another go, bringing servicing in-house and catering to millennials and international clients here, says HSBC’s Raman Muralidharan. ... Read full article