mortgages

Damage report: Popular’s running toll of natural disasters

01/28/20

The largest bank in Puerto Rico said hundreds of millions of dollars of its mortgages and consumer loans are tied to the parts of the island hit by the recent quake or still recovering from two hurricanes.

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Howard Bancorp in Md. to exit mortgage lending

01/24/20

The company, which sold the business to a group of former employees, will shut down its operation this quarter.

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Provident in Massachusetts buys warehouse lending business

01/22/20

The company acquired ResX Warehouse Lending from People's United Financial.

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Citibank fined nearly $18 million for flood insurance violations

01/21/20

The OCC said Citigroup's main bank subsidiary violated the Flood Disaster Protection Act by not ensuring that borrowers with homes in flood hazard areas had insurance coverage.

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U.S. Bancorp counting on fee businesses to drive growth in 2020

01/15/20

A tough fourth quarter seemed to foreshadow challenges in the year ahead for the nation’s fifth-largest bank.

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Loan payoffs likely to accelerate in 2020

01/13/20

Lower rates and more nonbank competition will make it harder for banks to keep loans on their books as business borrowers have plenty of opportunities to refinance elsewhere.

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Manafort's banker seeks to move his trial from New York to Chicago

01/13/20

Stephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move.

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CRA plan could be breakthrough for credit-starved tribes

01/07/20

Native American leaders are cheering the proposal, which would give banks Community Reinvestment Act credit for making loans made on reservations, even if the lands sit far outside their assessment areas.

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Foreclosure starts fall to lowest level this century: Black Knight

01/02/20

November's foreclosure starts hit their lowest level since Black Knight started tracking this data in 2000, while the foreclosure rate reached a 14-year low.

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GSE investors better beware underlying risks

01/02/20

The FHFA’s attempt to move some of its balance sheet into the private sector could leave investors with greater liabilities than they were initially told.

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