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OCC's Hsu: 'Lending has to go up' under new CRA rule -
GSEs give on COVID loans, but not on putbacks -
GOP scrutiny on Fed grows as lawmakers fire off letters, legislation -
Homeowner Assistance Fund distribution accelerates despite snags -
Fed's Barr calls for multiple 'exploratory' scenarios in stress tests
- Sep 9-10, 2024|San Diego, CA
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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
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The latest inflation news is almost sure to result in a 25 basis point cut next week, but some are still hoping for 50 basis points, as well as reductions totaling almost 200 basis points through the end of 2025, Wolters Kluwer found.
September 11
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The government agency's new issuances in August totaled over $40 billion, marking a high not seen since late 2022.
September 11
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The regional bank has already seen a large reduction in "criticized" loans, and it expects that trend to pick up as lower borrowing costs alleviate the pain in the commercial real estate sector.
September 11
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Loan applications increased for the third week in a row, as borrowers responded to recent falling rates, the Mortgage Bankers Association said.
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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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
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The Federal Reserve chair said he supports the revised proposal outlined by Vice Chair for Supervision Michael Barr and said the new proposal would get a vote by the full Board of Governors early next year.
September 18
