mortgages

Dear Congress: Don’t toss CECL out, work with FASB to amend it

07/02/19

With some adjustments, the loan-loss accounting standard can be more secure and workable for banks.

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Customers in Pa. warns of earnings hit after mortgage client shuts down

07/01/19

The bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May.

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Manafort's banker banned by OCC

07/01/19

The ban, which came to light Monday, will remain in effect until either the final disposition of Stephen Calk’s court case or until it is terminated by Comptroller Joseph Otting.

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CFPB extends comment period for HMDA proposal

06/27/19

The CFPB is giving trade groups and consumer advocates another three months to comment on its proposal to change what data is collected under the Home Mortgage Disclosure Act.

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FB Financial wraps up mortgage refresh with correspondent channel sale

06/27/19

FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business.

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Senators: Decision to halt FHA lending to DACA recipients is unacceptable

06/26/19

A group of Senate Democrats have called on HUD Secretary Ben Carson to reverse his agency’s opinion that borrowers in the Deferred Action for Childhood Arrivals program are ineligible for FHA loans.

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HomeStreet prevails in battle with activist investor

06/21/19

All of the Seattle company's directors, including CEO Mark Mason, were backed by shareholders despite a challenge by Blue Lion Partners.

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The key to rightsizing regulation

06/20/19

Regulators could collaborate on a superagency to streamline laws.

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CitiMortgage penalized for not paying escrow account interest

06/18/19

The Citigroup mortgage unit is not the first lender to be tripped up by California law requiring the interest payments on escrow impound accounts.

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First Merchants settles with Justice Department over mortgage practices

06/13/19

The Indiana company, which has an acquisition pending, will make more loans in minority neighborhoods around Indianapolis.

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