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Items Tagged with 'SunTrust Mortgage'

ARTICLES

SunTrust pays $320M to resolve HAMP violations

Up to $284 million paid in restitution
July 3, 2014
In an effort to resolve issues related to HAMP in 2009 and 2010, SunTrust Mortgage reached an agreement with the U.S. Department of Justice to pay $320 million.
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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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Big banks give up on wholesale lending

But some regional players see a silver lining for their own firms
November 1, 2013
Change is inevitable, and the wholesale lending space is definitely seeing a lot of it lately. But with bigger players like SunTrust moving out of broker lending, smaller players in the space are eager to find their footing.
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SunTrust Mortgage is exiting broker lending

Blames complexity of the current mortgage market
October 31, 2013
The changing mortgage landscape continues to impact large banks and lenders, with SunTrust Mortgage announcing plans to exit broker lending, effective Dec. 31, 2013.
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Housing finance reform remains a hurdle for Capitol Hill

Zandi: Since GSE takeover nothing meaningful has changed
September 12, 2013
The U.S. Senate Committee on Banking, Housing and Urban Affairs held an open hearing Thursday to push forward with housing finance reform. The only problem is while most lawmakers know it's needed, a comprehensive, linear and widely accepted solution has yet to gain major traction in Congress.
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SunTrust Mortgage settles $21M mortgage discrimination suit

May 31, 2012
SunTrust Mortgage [stock STI][/stock], a subsidiary of the nation’s 11th-largest commercial bank, agreed to pay $21 million to resolve a lawsuit by the Department of Justice...
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MBA's Stevens couldn't turn down joining SunTrust

May 30, 2012
David Stevens is leaving his post as president of the Mortgage Bankers Association on June 30 to serve as president of SunTrust Mortgage [stock STI][/stock].He'll begin...
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