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.
Recent Stories From this Author
Money360 Hires Mortgage Industry Veteran as President
September 21, 2015 Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its...
Mortgage Lenders Still Shunning Subprime Borrowers
August 13, 2015 Just 8% of U.S. mortgage origination volume in the second quarter went to borrowers with subprime credit scores, according to...
Banks' Win in NYC Threatens Cities' Reinvestment Laws
August 10, 2015 A New York law that was invalidated by a federal judge was one of many efforts by big cities to pressure banks into making...
Banks Win Challenge to NYC Community Reinvestment Law
August 10, 2015 A federal judge has overturned a New York City law that would have required banks to make new disclosures regarding their...
Lending Club CEO Sees Opportunity in Mortgage Morass
August 3, 2015 Unlike in personal loans, where Lending Club saw an opportunity to lower the cost of consumer credit card debt, in mortgages,...
Marketplace Lender AssetAvenue Hires First CFO
July 31, 2015 AssetAvenue, a marketplace lender that specializes in commercial real estate finance, announced that it has hired Peter...
RealtyMogul, a Lending Club-Like Site for CRE Loans, Raises $35M
July 14, 2015 RealtyMogul.com, a Los Angeles-based marketplace lending platform, announced a new $35 million round in venture capital...
Marketplace Lenders See Real Estate as Next Big Target
July 9, 2015 A new crop of P-to-P loan platforms is focusing on commercial real estate loans that get ignored by banks.
Late Payments on Home Equity Loans Drop, Defying Warnings
July 8, 2015 The delinquency rate on loans backed by the value of consumers' homes hit a postcrisis low in the first quarter, according to...
California Gov. Unlawfully Diverted $331M from Mortgage Settlement: Judge
June 15, 2015 California Gov. Jerry Brown violated state law by diverting more than $331 million in mortgage settlement funds for uses...
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