News Topic: mortgages

The massive flooding in Texas is sure to put pressure on lawmakers to resolve differences over the National Flood Insurance Program, but a short-term extension of the program is still the most likely scenario. ... Read full article

With Hurricane Harvey rapidly making its way toward the Texas coast, lenders and servicers have activated business continuity plans to accommodate pending transactions and provide options and support to existing borrowers affected by the storm. ... Read full article

The gulf between those at the upper ends of the wealth ladder and lower-income Americans has worsened markedly since the financial crisis, despite the trillions of subsidies that taxpayers provide for housing. ... Read full article

On March 31, 2017. Dollars in thousands ... Read full article

On March 31, 2017. Dollars in thousands ... Read full article

Auto, personal and credit card originations have fallen as delinquencies have risen, but researchers called the slowdown a temporary rebalancing by lenders. ... Read full article

As expected, the bank elevates its vice chairman, former Federal Reserve Governor Elizabeth Duke, to the top spot; credit card delinquency rates rise along with balances. ... Read full article

Balances 90 days past due are noticeably higher in 2017, new N.Y. Fed data shows. Though the trend has a lot to do with positives like economic expansion and easier access to credit, officials said it deserves careful attention. ... Read full article

Special counsel Robert Mueller is said to be drawing on ongoing investigations, including one by federal prosecutors into whether former Trump campaign manager Paul Manafort laundered money from eastern Europe into New York properties. ... Read full article

The global bank’s U.S. unit has bounced back, aided by growth in deposits and wealth management profits as well as a focus on international customers. A $125 million investment in tech and branches hasn’t hurt either. ... Read full article

Wells Fargo & Co. settled an 11-year-old lawsuit with the U.S. government that claimed the lender overcharged veterans under a federal mortgage-refinancing program. ... Read full article

Valley National's latest acquisition would make it a much bigger player in Florida and provide a platform to write more auto loans. Both markets present attractive returns but high risks. ... Read full article

The Westbury, N.Y., company reported a 15% drop in earnings despite recording a large gain on the sale of some securities. ... Read full article

The Salt Lake City company also benefited from increases in investment securities and several large loan recoveries during the quarter. ... Read full article

Policymakers should differentiate between housing finance-related issues of real importance to the greater public interest, and those that concern only special interests. ... Read full article

The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses. ... Read full article

Double-digit growth in loan volume offset a decline in fee income at the Honolulu company. ... Read full article

Auto risks mounting. Mortgage market tightening. Are there any good risks these days in consumer lending? Regional bank executives insist partnerships with online lenders, unsecured personal loans and other niche efforts can work if done properly. ... Read full article