Originations

Banking on Alexa, fintech enemy no. 1, coronavirus: Top stories of the week

03/06/20

A handful of banks keep trying to make the customer-Alexa connection happen; banks are more worried about payments firms than other types of fintechs; how financial institutions are coping with COVID-19; and more from this week’s most-read stories.

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JPMorgan sees a mortgage revival after years of quiet losses

02/24/20

With interest rates and unemployment at rock-bottom lows and home values rising, the part of JPMorgan's retail business that sells home loans to consumers made money last month, marking the first profitable January in five years, according to people familiar with the matter.

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The API race, CFPB vs. Citizens, Varo's bank charter: Top stories of the week

02/14/20

Wells Fargo appears to be outpacing its rivals in the API race; CFPB's unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week's most-read stories.

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JPMorgan mulls return to FHA-backed mortgages after era of fines

02/05/20

JPMorgan Chase may jump back into a mortgage program that helps low-income Americans buy homes, mulling a return years after most banks pulled back from the business in frustration over billions of dollars in penalties.

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Head of JPMorgan's mortgage banking business leaves firm

01/31/20

JPMorgan Chase's Mike Weinbach, chief executive of the home lending business, is departing JPMorgan Chase after 16 years.

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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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GSE limit for single-family loans to surpass $500K in 2020

11/27/19

Loan limits for most mortgages Fannie Mae and Freddie Mac buy will exceed $500,000 for the first time ever next year, and the maximum for most high-cost areas will be $765,000.

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$11 trillion U.S. mortgage market has a shadowy new player

11/05/19

Financial regulators have been put on notice about the risk of an economically damaging cash crunch in the home mortgage market. Behind the concern: the rapid growth of shadow banks in the origination and servicing of home loans.

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Bitcoin surges on China talk; Mortgage market gets boost

10/29/19

President Xi wants faster research on blockchain, the technology behind digital currencies; low rates bring best home loan quarter in 14 years.

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Capital One hacked; job cuts and a reorg on tap for Citi

07/30/19

In what's being called "one of the largest-ever data breaches of a large bank," Capital One said a Seattle hacker gained access to the personal information of more than 100 million customers; Citigroup plans to cut hundreds of jobs in its global markets division and combine its equity trading and prime brokerage units.

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