Kate Berry

Kate Berry


Kate Berry is a reporter at American Banker, where she has covered the financial crisis, the national mortgage settlement and mortgage lending by major U.S. banks. She has won five awards from the Society of American Business Writers and Editors, and has worked for a number of news organizations including the Orange County Register, the Arizona Republic and the Associated Press. She started her career as a clerk at the New York Times.

All Kate Berry's Stories
The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry.
Consumer Financial Protection Bureau Director Richard Cordray sent a four-page response to Sen. Bob Corker, R-Tenn., about new mortgage disclosures but fell short of providing any new official guidance to address industry concerns.
The Consumer Financial Protection Bureau is expected to finalize its second round of mortgage servicing rules in July, a top agency official said. Laurie Maggiano, a program manager for servicing and secondary markets at the CFPB, also offered insights into the bureau's long-anticipated rulemaking on debt collection.
Despite a tough public grilling of the Consumer Financial Protection Bureau last week by two D.C. Circuit judges, several legal experts said a ruling against the agency and its director, Richard Cordray, may have a limited impact. While there are important constitutional and legal issues at play, the most likely decision is that the court could strike down language in the Dodd-Frank Act that only allows the CFPB's director to be removed "for cause." As a…
Congress should consider giving direct authority over nonbank mortgage servicers to the Federal Housing Finance Agency, according to a report released Monday by the Government Accountability Office. The report said there should be "parity" among financial regulators in the oversight of regulated entities and third parties they do business with.
The U.S. Court of Appeals for the D.C. Circuit will hear oral arguments Tuesday about the Consumer Financial Protection Bureau's structure, in a case that has national implications. Even though a ruling isn't expected until the end of the year, legal experts say there are four major legal issues involved.
Two appeals court judges raised constitutional questions Monday about the structure of the Consumer Financial Protection Bureau in the agency's case alleging that PHH Corp. accepted illegal kickbacks.
Debt collection, credit reporting and mortgages topped the list of complaints to the Consumer Financial Protection Bureau last year, the agency said Friday.
To hear some former examiners tell it, companies that are hostile during the exam process may get dinged more often than those that show respect and professionalism. Following are tips to ensure bankers do better on their next exam.
Oversight of the four largest mortgage servicers' compliance with the national mortgage settlement is officially over, the watchdog overseeing the process said Thursday.
The Consumer Financial Protection Bureau has not named a permanent deputy director since July. Given the contentious political battle over Richard Cordray's recess appointment and ultimate confirmation by the Senate in 2013, some former officials say it may wait until after the election to make a choice. Here's why.
Bank of America on Monday will launch a 3% down payment home loan in partnership with Freddie Mac, but the bank will not retain any risk if the loans default. Thatís because it will immediately will sell the loans and servicing rights to Self-Help Federal Credit Union, a Durham, N.C., community development lender that's on a mission to put more low- and moderate-income families into homes of their own.
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