News Topic: mortgages

JPMorgan Chase & Co. agreed to pay $55 million to settle U.S. allegations of racial discrimination in home loans through mortgage brokers, leading black and Hispanic borrowers to pay higher interest rates and fees from 2006 to 2009, a person familiar ... Read full article

The Columbus, Ga., bank reported higher fourth-quarter profit on growth in business loans and mortgage banking. ... Read full article

JPMorgan Chase, Bank of America and PNC reported lackluster revenue growth as higher trading fees and increases in commercial lending barely compensated for consumer-side challenges. ... Read full article

As president of the secondary marketing agency, Tozer has helped the mortgage market to continue functioning and keep up with changes following the financial crisis. ... Read full article

Fourth-quarter profit dropped 5.4% as revenue from its mortgage business declined, Wells Fargo said Friday. ... Read full article

Bank of America, the second-largest U.S. lender by assets, said fourth-quarter profit rose 43% as revenue from fixed-income trading increased and expenses dropped. ... Read full article

Housing and Urban Development Secretary-designate Ben Carson is open to finding alternatives to the 30-year fixed-rate mortgage, but believes there must be some government backstop to the housing market. ... Read full article

Nondepository lenders are beating their bank competitors when it comes to both digital innovation and market share in the mortgage industry. As interest rates rise, banks will need to move toward electronic closings and adopt other innovations if they want ... Read full article

HUD Secretary-designate Ben Carson is all but certain to get confirmed to his post—unless he makes a major mistake during his confirmation hearing. ... Read full article

Banks can increase the efficiency of their mortgage businesses by requiring loan officers to generate leads from outside referral sources and assigning officers only to branches in markets with high origination potential. ... Read full article

Many banks measure mortgages as they would any other consumer product. But the unique, complex nature of mortgage activity necessitates measuring origination net revenue separately from the bankÂ's decision about whether to invest in the originated ... Read full article

The U.S. office property market has become a model of a disciplined, well-functioning real estate market since listed equity real estate investment trusts changed the calculus driving new construction. ... Read full article

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FHFA acting director DeMarco's rejection of principal reductions for underwater homeowners led some to praise his judgment and others to call for his termination. What's your take? ... Read full article

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Over 40 states have already signed on to the sellout deal the corrupt politicians negotiated, so they could run for office beating their chests bragging about their tremendous accomplishment, with their mortgage company liege lords, who should have ... Read full article

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