Banking

The HUD secretary said millennials are being shut out of the market but the purchase of a condominium unit is often the first step to homeownership.

The House passed a bill that assigns Qualified Mortgage status to loans that banks hold in portfolio.

Democrats are raising concerns about a Republican push to transfer more of the risk of flood insurance to private insurers.

There is a great opportunity this year to show the world that Congress can still pass bipartisan, common-sense legislation that helps lift the U.S. economy.

The accounting board has scheduled a meeting that bankers hope will produce eleventh-hour modifications to reserving requirements.

At CIBC, Aayaz Pira is quickly turning ideas into apps, including its new mortgage one, with the help of its recently formed innovation hub.

Lower credit scores for mortgages refinanced in the first quarter are likely to lead to increased defaults of these loans, said Black Knight Financial Services.

An aggressive band of community, regional and investment banks is stepping into the commercial real estate void left by more cautious lenders, saying there are still good CRE loans to be made or bought.

Credit unions continue to press the Consumer Financial Protection Bureau for regulatory relief, arguing that existing exemptions have not gone far enough.

Financial regulators issued joint guidance on Wednesday highlighting the availability of cross-state appraiser licensing agreements.