mortgages

Top banks' mortgage performance unchanged in 3Q: OCC

12/22/17

The seven largest national banks held less than 5% of loans that were delinquent at the end of the third quarter, the Office of the Comptroller of the Currency said Friday.

[more]

CIT's Alemany and JPM's O’Connor end the year on a high note

12/22/17

It was a good year for CIT’s Ellen Alemany and JPM’s Sandie O’Connor, but Arjuna Capital’s Natasha Lamb hopes next year will be better. Mary Mack gets a bigger role at Wells Fargo, and Zoe Cruz gets a new one at Ripple. Plus, is Harvey Weinstein really Meryl Streep’s fault?

[more]

UBS ordered to pay $903,000 for firing mortgage market analyst

12/22/17

Former top commercial mortgage-backed securities strategist Trevor Murray accused the Swiss lender of illegally firing him in 2012 for blowing the whistle on attempts by traders to influence his research reports.

[more]

Swiss regulator slams JPM; Fannie, Freddie get a boost

12/22/17

Bank allegedly “seriously breached” anti-money laundering rules; mortgage agencies will be permitted to retain $3 billion capital buffer.

[more]

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.

[more]

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.

[more]

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.

[more]

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.

[more]

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.

[more]

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.

[more]