Lalita Clozel covers fintech regulation, anti-money-laundering, cybersecurity and the Federal Deposit Insurance Corp. in American Banker's Washington bureau.
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The Office of the Comptroller of the Currencys decision to offer a special-purpose charter for fintech firms may entice more players than expected, including mortgage lenders.
January 3 -
After a divisive campaign in which Donald Trump fiercely criticized his rival's ties to Wall Street, the president-elect appears to be considering JPMorgan Chief Executive Jamie Dimon as Treasury secretary.
November 10 -
A group of financial industry players including mortgage servicers and credit unions are joining together to form a new coalition promoting workforce diversity.
September 12 -
The Federal Deposit Insurance Corp. has reached a $190 million settlement with eight large financial institutions over residential mortgage-backed securities claims as the receiver of five banks that failed during the crisis.
June 2 -
The Federal Deposit Insurance Corp. on Thursday won the right to pursue a lawsuit against several large financial institutions accused of selling tainted mortgage securities to a company that has since failed.
May 19 -
The U.S. Supreme Court's decision last week not to review a mortgage-backed securities lawsuit renewed interest in a long-brewing legal conflict over the mandate of the Financial Institutions Reform, Recovery, and Enforcement Act.
April 5 -
The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.
March 22 -
Bank mortgage originations were up 7% in the fourth quarter of 2015, while the number of Federal Deposit Insurance Corp.-insured institutions that deal primarily in mortgages dropped more than 9% from a year ago.
February 23 -
While it searches for a permanent deputy director, the Consumer Financial Protection Bureau has named David Silberman to serve as its acting No. 2 starting next week.
January 8 -
WASHINGTON JPMorgan Chase and EverBank were released from business restrictions stemming from the foreclosure reviews that originated in 2011, but also face new civil money penalties for their earlier violations of those restrictions, the Office of the Comptroller of the Currency said Tuesday.
January 5 -
Home values rose in 2015 though at a declining pace with overall rent payments also trending upwards, according to Zillow.
December 30 -
Freddie Mac's Multi-Indicator Market Index in October signaled ever-stabilizing circumstances across a growing number of regions.
December 30 -
Mortgage application defects reached a record low in November, according to First American Financial Corp.
December 29 -
Technology hubs overlapped with the nation's hottest housing markets in 2015, according to a ranking by online brokerage Redfin.
December 29 -
Mid America Mortgage has launched a marketing portal targeting its business partners, Chief Executive Jeff Bode said in a press release.
December 11 -
Funds managed by Blackstone's private equity group will acquire a majority stake in the corporate parent of Stearns Lending for an undisclosed amount.
December 11 -
Moody's said it has acquired BlackBox Logic, a Denver-based residential mortgage-backed securities data technology company, for an undisclosed amount of cash.
December 10 -
Mortgage lenders said their per-loan profits declined 19% in the third quarter compared with the previous quarter, according to the Mortgage Bankers Association.
December 10 -
With a probable Federal Reserve rate increase on the horizon, title insurance providers are optimistic about future real estate transactions, according to First American Financial Corp.
December 10 -
High loan-to-value ratio lending is gaining ground, spurred by the reintroduction 12 months ago of GSE-backed products that only require a 3% down payment, according to Black Knight Financial Services.
December 8

