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Kevin Wack

Staff Writer
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.

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The San Francisco bank reported a 17% drop in mortgage fee income during the second quarter as other lenders made inroads by refinancing its customers.
The U.S. mortgage market is of course considerably smaller, safer and less accessible than it was nine years ago.
The Federal Housing Finance Agency wants mortgage servicers reaching out to delinquent borrowers to be exempt from tough restrictions on robo-calling. But the idea is being panned by consumer groups, who say it would give a free pass to mortgage servicers that have a record of consumer-protection violations.
Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.
Prosper Marketplace on Monday announced a three-year agreement to offer financing to consumers making improvements to their homes through the website HomeAdvisor.com.
Low borrowing costs and rising home values are just two of several reasons why owning a home is far less burdensome than it was a decade ago.
The Detroit company is plowing ahead with its growth strategy at a time when some shareholders are agitating over its sagging share price.
Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.
U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.
Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.
Just 8% of U.S. mortgage origination volume in the second quarter went to borrowers with subprime credit scores, according to new research by the New York Fed. The findings suggest that mortgage standards have loosened only slightly, if at all.
A New York law that was invalidated by a federal judge was one of many efforts by big cities to pressure banks into making more investments in local communities after the crisis. Some municipal laws could be more vulnerable to bankers' legal challenges than others.
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