mortgages

Regulators may end CRA credit for loans to wealthy: OCC’s Otting

08/09/19

Banks currently can help their CRA performance with mortgages to anyone in a distressed neighborhood, but Joseph Otting said officials crafting a reform plan are considering limiting that to lower-income borrowers.

[more]

10 community banks that broke from the pack in 2Q

08/04/19

These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses.

[more]

UBS rebounds; Metro Bank looks to unload problem loans

07/23/19

Bank posts its best second quarter since 2010 after a disappointing Q1; Cerberus in talks to buy loans at the center of a major accounting error.

[more]

BofA's plan to sustain its consumer banking mojo

07/17/19

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.

[more]

Business loans, mortgages, fees were 2Q bright spots for U.S. Bancorp

07/17/19

The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.

[more]

Lawmakers unveil competing flood insurance bill

07/16/19

Members from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee.

[more]

State regulators are critical to fintech oversight

07/15/19

The argument that only the federal government is up to the task is misguided.

[more]

Fed working group proposes SOFR-based mortgage by 2021

07/11/19

The Alternative Reference Rates Committee promotes the adoption of a new Secured Overnight Financing Rate index rate to replace Libor in pricing hybrid adjustable-rate mortgages within the next two years. The change would be the first application of SOFR to a consumer-loan product.

[more]

HomeStreet to buy out its loudest critic

07/11/19

The activist investor Blue Lion Capital, which had pushed for HomeStreet's sale, is selling all of its stock to the Seattle company.

[more]

Don’t look now, but home equity delinquencies are rising

07/10/19

Past due home equity loans and credit lines rose while most other consumer lending categories held steady or improved, according to new data from the ABA. Why it happened is a bit of a mystery.

[more]