The real reason Fannie and Freddie don't do principal modifications

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

Items Tagged with 'American Bankers Association'


Could the post office get into the mortgage business?

It’s not as crazy as you might think
July 29, 2014

For consumers, having a little more choice in banking wouldn’t be the worst thing in the world. We’ve certainly seen what banks can do when left to their own devices. But on the other hand, it’s not like the post office is a bastion of economic excellence either.

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ABA, SunTrust launch new mortgage program

Expands banker’s ability to serve clients
June 23, 2014
A new solution through the American Bankers Association gives bankers an extra lifeline to help support their clients by allowing bankers to sell mortgage loans to SunTrust as a correspondent lender.
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5 ways the Volcker rule will destroy job creation

Compliance nightmare blocks capital for the engine of job creation
January 15, 2014
The Volcker Rule's labyrinth of rules and pointless regulations will turn off the tap of credit and capital to start-ups and small businesses — the source of most job creation — at a time when job creation is needed most and hits community banks good and hard.
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Congress mulls rules to open secondary markets to smaller lenders

Critics worry solution won't be structured to ensure equitable access
November 5, 2013
As regulators consider both transitional and end state housing reforms, panelists argued that the future market needs to provide direct access for small lenders who can take on requisite responsibilities.
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Housing experts sound alarm on debt ceiling deadline

A default could reverse housing industry gains
October 15, 2013
A failure to raise the debt ceiling could have a detrimental effect on the slow, yet steady housing recovery, financial experts warn.
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ABA endorses Freddie Mac to better assist members

October 8, 2013
The American Bankers Association endorsed Freddie Mac this week to provide its ABA members with exclusive benefits by assisting them in their mortgage lending activities and giving members access to a special set of secondary market advantages.
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ABA endorses SunTrust Mortgage correspondent lending products

September 3, 2013
The American Bankers Association has endorsed SunTrust Mortgage as a seller of mortgages on advantaged terms to ABA members, giving all of the qualified ABA members access to an array of SunTrust products.
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Systemic Regulator Talks Get Bankers Talking

May 29, 2009
As the discussions around toxic loans held on banks' balance sheets and their appropriate buyers escalates this week, another hot button issue -- the regulation of the banks themselves -- prompted at least one industry group to speak up on behalf of banks.
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ABA: Money Market Bailout Could Compromise Bank Deposits

September 19, 2008
Citing "deep concerns" about the Treasury's program to guarantee money market mutual funds, American Bankers Association president Edward Yingling said that the bailout of money markets "will undermine the role of banks during this current crisis and has the potential to have an extremely negative impact in the future."
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HELOC Delinquencies Rise in Q1, ABA Says

July 2, 2008
(Updated to reflect correction to ABA press statement) Continued stress in the housing market combined with general weakness in the overall economy contributed to an increase in the delinquency rates for home equity lines of credit and bank cards during the first quarter of 2008, according to a quarterly consumer credit report released Wednesday morning by the American Bankers Association.
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