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FHA extends waivers for in-person meetings into 2024 -
Regulators say banks have been 'fairly positive' about the new CRA rule -
FSOC finalizes nonbank designation rule, reversing Trump-era move -
New CRA rule will 'stand the test of time': Fed's Barr -
Watchdog launches inquiry into Ginnie Mae's handling of RMF
- Sep 9-10, 2024|San Diego, CA
Chief capital markets officer William Chang is stepping down "to explore new opportunities within the mortgage banking sector."
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Consumer Financial Protection Bureau Director Rohit Chopra said the action would "close the book" on the agency's investigation into the Sallie Mae spinout.
September 12
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The 30-year fixed rate mortgage fell week-to-week by the largest amount since the start of August and are now almost a percentage point lower than a year ago, according to Freddie Mac.
September 12
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Home lending professionals shared their thoughts on vendors, artificial intelligence and the most valuable solutions technology could give them in a new Arizent survey.
September 12
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There's support for Reg X modernization, but both consumer and mortgage groups are concerned about language mandates, and the industry opposes fee restrictions.
September 11
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The latest violations come as the bank expects to face more than $3 billion in regulatory fines for anti-money-laundering failures.
September 11
Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.
These are the best of the best, the nation's 50 most productive mortgage originators by dollar volume.
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Contract closings decreased 2.5% from a month earlier to a 3.86 million annualized rate, according to figures released Thursday from the National Association of Realtors.
September 19
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The winner wowed judges with a natural-sounding artificial intelligence tool that also explained its decision-making on the back-end.
September 19
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The Tax Cuts and Jobs Act, Trump's signature tax law, capped the value of the state and local tax write-off deduction at $10,000, which had a disproportionate effect on communities with higher taxes and property values — areas which tend to be dominated by Democrats.
September 19
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Agencies must now provide clearer justifications for their interpretations, while Congress needs to draft more precise legislation. The decision could empower banks to challenge agency rules more frequently and potentially prolong regulatory processes, with courts giving less deference to agency interpretations.
September 19
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OceanFirst's own press release points out the federal government has obtained $120 million in relief in similar cases since 2021.
September 18
