mortgages

RBS tally for RMBS settlements reaches $6 billion

03/06/18

Royal Bank of Scotland Group has agreed to pay $500 million to the state of New York after a $5.5B agreement last year with the FHA, and another probe is pending.

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HomeStreet shoots down investor’s effort to take two board seats

03/01/18

The Seattle company invalidated the proposal by Blue Lion Capital, claiming it fell short of its bylaw requirements.

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Not dead yet: Branches remain crucial to banks' growth plans

02/28/18

Sure, banks are closing more branches than they are opening, but many still view them as important channels for selling products, dispensing advice and gathering deposits. Here's a look at banks large and small that are opening branches (or, in Capital One's case, cafes) in new markets.

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Dems seek investigation of Chicago banker caught up in Russia probe

02/27/18

Two House Democrats are asking the Pentagon for information about its contacts with Stephen Calk, CEO of a small Chicago bank that made $16 million in mortgages to President Trump's campaign manager.

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Will JPMorgan’s splashy tech investment pay off?

02/27/18

The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.

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HomeStreet investor pressing to separate chairman and CEO roles

02/26/18

Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors.

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The community banker who got tangled up in the Russia probe

02/23/18

Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager and a key figure in the investigation into Russian meddling in the 2016 election. Here’s a look at his career and how he ended up in this spot.

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Fannie-Freddie case rejected; bitcoin regulator dies

02/21/18

The U.S. Supreme Court refuses to hear an appeal by hedge funds; South Korea’s leading cybercurrency regulator dies of heart attack.

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Cordray blasts Trump’s CFPB; Warren wants Wells answers

02/15/18

Former director says his old agency is now “favoring predators”; Senator is looking into how the bank’s program to repay improperly charged loan customers.

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Banks need more skin in the housing finance game

02/14/18

Lenders should be encouraged to hold more credit risk in the mortgage market, rather than having it foisted on Fannie and Freddie.

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