mortgages

Trump team said to plan delay of FHA premium cut

01/18/17

And the next HUD chief might eventually rescind it altogether.

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JPMorgan says it has settled U.S. bias suit over mortgages

01/18/17

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 with the matter said.

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Synovus profit surges on 8% rise in revenue

01/17/17

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

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Lesson from 4Q: Optimism about banks is far ahead of reality

01/13/17

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.

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Ted Tozer, steward of Ginnie Mae for 7 years, departing

01/13/17

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.

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Wells Fargo profit falls 5.4% as mortgage banking revenue slumps

01/13/17

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

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B of A Profit Rises 43% on Cost Cuts, Bond Trading

01/13/17

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.

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Carson open to alternatives to 30-year fixed

01/12/17

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.

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High stakes, low expectations for Carson's HUD hearing

01/11/17

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.

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Embrace the Digital Mortgage as a Competitive Advantage

01/11/17

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 to stay competitive.

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