Kevin Wack

Staff Writer

American Banker

Kevin Wack covers Capitol Hill for the American Banker. From 2009 to early 2011, he worked on financial policy in Washington, first as a fellow with the Senate Permanent Subcommittee on Investigations and later as a policy analyst and senior editor for the Congressional Oversight Panel for TARP. Prior to arriving in Washington, Wack worked as the investigative reporter for the Portland Press Herald in Maine. He has also reported for the Associated Press.

Delinquencies on Second Mortgages Dropped in 4Q
April 2, 2013 The percentage of consumers who were late on paying their home equity loans fell to 4.03%, their lowest level in three quarters.

CFPB Focuses on Consumer Choice—or Lack Thereof
March 21, 2013 Director Richard Cordray recently suggested that the actions of debt collectors, credit reporting agencies and mortgage...

Lenders Casting a Worried Eye on New Discrimination Rule
February 25, 2013 The release of a long-awaited federal rule on housing discrimination is bad news for lenders who fear being targeted in...

Servicers Provide $46B of Relief to Delinquent Borrowers
February 21, 2013 Short sales and forgiveness of second liens continued to dominate relief efforts made by the top five banks as part of the...

HUD Rule Renews Fair-Lending Fears
February 12, 2013 The release of a long-awaited federal rule on housing discrimination is bad news for bankers who fear being targeted in...

DOJ Nomination Dragged into Fair-Lending Fight
January 4, 2013 President Obama must decide whether to renominate a high-ranking Justice Department official whose Senate confirmation process...

The State That Ate the National Mortgage Settlement
December 28, 2012 California's windfall is a by-product of a side deal that the state's attorney general, Kamala Harris, cut with Bank of...

Wells Fargo Sued Over Loan-Mod Denials
December 12, 2012 The dispute involves Pick-a-Payment mortgages originated between 2003 and 2008 by World Savings Bank.

Wells Fargo Unveils $35 Million Commitment to Veterans
November 8, 2012 The large majority of Wells Fargo's commitment, $30 million, will come in the form of bank-owned property.

FHFA Lawsuit Against JPM on Mortgages Moves Forward
November 7, 2012 JPMorgan Chase will go to trial on allegations by the Federal Housing Finance Agency of wrongdoing in the sale of securities...