mortgages

How tax bill will change consumers' financial behavior

12/21/17

Earlier versions of the bill would have caused bigger changes in how Americans finance home purchases, higher education and retirement. Still, the final legislation will have important effects on borrowing and saving decisions.

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IRS scrambles to clear ‘clogged drain’ slowing mortgage applications

12/19/17

Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans.

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More responsibility for Wells retail chief; Bitcoin debuts on CME

12/19/17

Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading.

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Double duty: Wells' retail chief Mary Mack to head consumer lending

12/18/17

The executive tasked with reshaping Wells Fargo's embattled retail banking unit will now also be responsible for mortgage, auto and student lending.

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M&T’s Robert Wilmers dies; sex scandal claims Visa executive

12/18/17

Long-time CEO grew M&T Bank into a $120 billion regional lender; Jim McCarthy, a high-profile manager, didn’t inform company about relationships.

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Mortgage lenders fear ‘train wreck’ logjam due to IRS issue

12/17/17

Mortgage lenders are bracing for big delays in the processing of mortgage applications, citing a problem with the income verification system at the Internal Revenue Service.

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Randolph Bancorp in Mass. to cut mortgage jobs

12/15/17

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.

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Consumer lending 2017: Bold bets and strategic exits

12/13/17

In a year of political upheaval and weak commercial credit growth, lenders sought to capitalize on an economic bright spot — consumer spending — by reviving the personal loan, allying with fintechs and exiting traditional business lines that no longer made sense.

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FHA condo loans slipped under Obama. Trump’s HUD eyes a comeback

12/13/17

The Obama administration had tried to ease restrictions on the Federal Housing Administration's condominium program, but the agency under President Trump is seen as moving more aggressively.

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Heartland in Iowa to enter west Texas with First Bank acquisition

12/13/17

The company will pay $186 million for First Bank Lubbock in a deal that also includes mortgage unit PrimeWest Mortgage.

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