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Bump in interest income makes up for slower asset growth: FDIC


The agency's Quarterly Banking Profile said banks earned $47.9 billion in the third quarter, helped by a 7.4% increase in net interest income from the previous year.


Mulvaney as CFPB head? Five things to know


Mick Mulvaney, President Trump's likely interim head of the CFPB, has taken tough stances on the CFPB, its payday lending rule, housing finance reform and other issues pending before the agency.


CFPB sues largest debt settlement firm


The Consumer Financial Protection Bureau filed a lawsuit Wednesday against Freedom Debt Relief and its co-CEO for allegedly deceiving consumers.


CFPB launches mortgage performance tool to track delinquencies


The new tool tracks both serious and general delinquencies down to a county level and features interactive charts and graphs.


Barclays, U.S. are said to renew talks over toxic mortgages


Barclays and the Justice Department, engaged in a legal battle over the suspected fraudulent sale of mortgage securities a decade ago, have revived discussions about reaching an out-of-court settlement, according to people with knowledge of the situation.


Higher costs, MSR loss weigh down Flagstar's quarterly results


The Michigan company's third-quarter results were down slightly from a year earlier despite increased commercial lending and a wider net interest margin.


B of A judge still resists erasing 'heartless' foreclosure ruling


A judge who imposed a $45 million penalty on Bank of America Corp. over a foreclosure on a California couple still isn't ready to forget the case he described as a "Kafkaesque nightmare."


First Horizon buys commercial mortgage servicer


The Tennessee bank said it has bought Professional Mortgage in Greenville, S.C., which services about $1.1 billion of commercial mortgage loans for 23 correspondent life company lenders.


Delinquencies remain low even as household debt climbs


At 1.56%, the delinquency rate on consumer loans remains well below historic averages, the American Bankers Association said Thursday.


Why pricing terrorism risk remains a challenge for CRE insurers


The Terrorism Risk Insurance Act was created after 9/11 to serve as a crucial federal backstop for commercial real estate insurers, but an analysis of alternatives to fund the program reveals the continued challenges of measuring and predicting terror risk.