Many large commercial banks have exited the residential wholesale lending arena the past two years, foam dripping from their mouths, and screaming something about “risk.” The latest entry to the exit parade is
The title policy and settlement statement datasets introduce digital standards that will allow the information on forms to move as data instead of documents.
What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate.
Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates.
The long-defunct Nationwide Biweekly Administration, accused in 2015 of deceptive marketing, has been ordered to pay a $7.93 million civil money penalty.
The Long Island-based lender is one of five nonbanks since January to have disclosed a prior hack, with the extent of those incidents remaining unknown.
More than 42,000, or 13.7%, of home-sale agreements in the United States fell through in February, according to a new Redfin report.
