mortgages

CFPB gives mortgage servicers relief to help struggling homeowners

06/23/20

A new CFPB rule will expedite the forbearance and loss-mitigation process for consumers suffering financial hardship from the pandemic.

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FHFA identifies supervisory concerns at two Federal Home Loan banks

06/15/20

The agency flagged faulty risk management and other issues at the Federal Home Loan Bank of Des Moines and Federal Home Loan Bank of San Francisco in exams conducted last year.

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The calm before the storm of bankruptcies

06/15/20

Lawmakers shouldn't let themselves be misled by a slower pace in personal bankruptcy filings so far this year.

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Why the pandemic isn’t scaring away first-time homebuyers

06/08/20

One segment of the market, at least, has proved more resilient than many feared early on in the crisis.

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FHA to insure new single-family loans subject to forbearance plans

06/04/20

The policy comes more than a month after a different agency issued similar guidance for loans backed by Fannie Mae and Freddie Mac.

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Michigan bank hires turnaround expert to tackle long list of challenges

06/01/20

Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.

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Mortgage niche showed promise for Michigan bank. Then coronavirus hit.

05/27/20

University Bancorp decided to shutter its wholesale mortgage lending business after it struggled to hire and train employees remotely.

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California bill to pause foreclosures, repos draws fire from lenders

05/21/20

A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.

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How businesses are surviving the pandemic

05/15/20

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

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How banks are using remote notarization now that states have signed on

05/14/20

Closing loans is just one way BMO Harris and other banks are looking to use online notarization. But there are obstacles to overcome before it becomes standard practice.

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