mortgages

Sterling in Michigan facing Justice Department probe of mortgage practices

03/09/20

The company disclosed that an internal review of a now-discontinued loan program found that employees engaged in misconduct tied to income verification and requirements, among other things.

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Coronavirus reactions continue; Supremes don’t tip hand on CFPB case

03/04/20

Fed makes emergency cut, JPMorgan tests contingency plan; the justices appeared divided on whether to give the president power to fire the agency’s director.

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Rate cut could prompt even tighter margins, mortgage surge

03/03/20

The Fed’s decision to cut its benchmark interest rate amid growing coronavirus concerns is bound to have an impact on banks, but just how broad and how deep remains to be seen.

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JPMorgan shifts scores of workers to mortgages to handle boom

02/28/20

Demand for home loans has been strong in recent months and is expected to increase coronavirus fears push rates lower.

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L.A. bank, big investor clash over approaches to serving underbanked

02/13/20

Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.

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How should banks view mounting household debt?

02/11/20

Depending on one's perspective, the surge in consumer borrowing is either a normal byproduct of a booming economy or a worrisome trend that portends a wave of delinquencies when the next downturn hits.

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Big mortgage lenders are flirting with disaster

02/07/20

Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.

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Credit Suisse CEO leaves; Fannie, Freddie to buy SOFR mortgages

02/07/20

Tidjane Thiam submits his resignation; the two agencies said they will soon start accepting mortgages tied to the new rate and drop Libor by yearend.

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Big banks outlast city of Miami in long legal battle

02/03/20

The city's decision to drop a lawsuit alleging predatory ending by Wells Fargo, JPMorgan Chase, Bank of America and Citigroup highlights the challenges municipalities face in taking on deep-pocketed financial institutions.

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Consumer lending outlook: Solid near term, shaky long term

01/31/20

Mortgages, auto loans and credit cards should perform well for the next two quarters. Beyond that, all bets are off.

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