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A proposed bill written by Senators David Vitter, R-La., and Sherrod Brown, D-Ohio, outlines stricter standards for banks to abide by as the lawmakers try to shield the financial system from excessive risk posed by banks' non-depository affiliates.
The draft bill tightens bank capital...
With bank earnings just around the corner, analysts with FBR Capital Markets say big banks exposed to mortgages are favored long-term, but subject to headwinds in the near future.
Banks outperformed until mid-March with the KBW Bank Index up 12%, while the S&P rose 9...
The Consumer Financial Protection Bureau’s final rules stemming from the Truth in Lending and the Good Faith Estimate disclosure forms rank as compliance officers' top concern, according to a new survey from QuestSoft.
The compliance software company...
The Consumer Financial Protection Bureau reached a deal with four major mortgage insurers, requiring the firms to pay a total of $15 million in penalties for allegedly paying kickbacks to lenders in exchange for business.
The CFPB cited the following firms:...
Fixed-mortgage rates dipped this past week as uncertain economic data indicated a slowdown in manufacturing, Freddie Mac said in its latest Primary Mortgage Market Survey.
The 30-year, fixed-rate mortgage has seesawed around 3.5% for the past two months, coming in at 3.54...
BOK Financial’s correspondent lending division created a unique product to cater specifically to small banks and credit unions.
Ben Cowen, president of BOK Financial Mortgage said, "The company saw purchasing residential mortgages from community banks and credit...
BOK Financial’s correspondent lending division created a unique product to cater specifically to small banks and credit unions.
Ben Cowen, president of BOK Financial Mortgage said, "The company saw purchasing residential mortgages from community banks and credit...
Mortgage applications slipped 4% for the week ending March 29 as refinancing activity dropped, an industry trade group said.
Home purchase demand, on the other hand, continued to edge higher, the Mortgage Bankers Association said.
The refinance index dropped 6%...
Independent mortgage banks and mortgage subsidiaries of chartered banks experienced a drop in profits from newly originated loans in the fourth quarter of 2012 despite higher origination volumes.
Still, when compared to last year, loan profits have almost doubled in 12 months.
New...
Applications for loans insured by the Federal Housing Administration swelled 16% month-over-month due to increases in both home purchase and refinance filings, according to the agency’s latest outlook.
Lenders submitted 147,509 mortgage insurance applications, up from 127...
Mortgage-related complaints involving Bank of America flooded the Consumer Financial Protection Bureau’s recently released public database...
The PMI Group's bankruptcy reorganization hit a snag when a private-equity investor backed out of plans to take a stake in a reorganized insurance entity.
The equity firm was at one point pursuing a minority equity interest in PMI's new entity once it emerges from...
Fixed-mortgage rates reversed course and ticked up this past week, but still remain near historic lows, Freddie Mac said in its latest Primary Mortgage Market Survey.
The 30-year, fixed-rate mortgage came in at 3.57%, up from 3.54% last week and 3.99% a year earlier....
Fixed-mortgage rates reversed course and ticked up this past week, but still remain near historic lows, Freddie Mac said in its latest Primary Mortgage Market Survey.
The 30-year, fixed-rate mortgage came in at 3.57%, up from 3.54% last week and 3.99% a year earlier....
The federal government signed into law a measure to refund the Indian Home Loan Guarantee Program (Section 148) to take effect immediately.
Previously, HousingWire...