Commercial banking

A directive from the Federal Housing Finance Agency would cut the number of board seats for Federal Home Loan Banks, especially in dark blue areas of the electoral map.

While borrowers took advantage of rate dips to refinance, purchases declined year over year, showing obstacles still standing in the way of a market turnaround.

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The Federal Housing Administration is moving to the same standard for the new Uniform Residential Appraisal Report that the conforming market is adopting.

The amount was less than $1 million, but the plot reveals clues that can help spot and fight elderly abuse and other financial crimes.

Borrowers argued the servicer's $25 charge for expedited payoff quote statements is a "junk fee" and violates federal and state consumer protection laws.

The increase in purchase volume was not enough to offset the drop in refinance application submissions as conventional rates increased week-over-week.

The government-sponsored enterprises' oversight agency will require the merging mortgage giants to have "appropriate financial and operating safeguards."

President Donald Trump's unprecedented and escalating attack on the Federal Reserve runs the risk of backfiring by hitting financial markets and the economy with higher long-term borrowing costs.

Data suggests that the beleaguered commercial real estate market isn't going to get worse. And now that banks have had time to build reserves, any losses they do take shouldn't be disastrous, analysts say.

The accusations could have broader implications for secondary market supervision as technology potential improves the speed at which detection can occur.

The new affiliate, NAF Insurance Services, is teaming up with The Baldwin Group to offer a range of coverage from more than 50 carriers nationwide.

The bank "temporarily" paused home equity line of credit lending in April 2020, over concerns regarding the economic impact of the Covid-19 pandemic.

The American Fintech Council publicly declared support for California SB 69, which would require "internal expertise" for artificial intelligence regulation.

Legal experts say President Trump's unprecedented move to fire Cook over alleged past misconduct will likely be hashed out in court, but there is little precedent to determine whether a sitting board governor can be removed for past actions.

A proposed rule published Tuesday in the Federal Register would limit the Consumer Financial Protection Bureau's ability to designate nonbank entities for supervision.

The judge sided with Massachusetts officials in a review of their lawsuit against Hometap, who pushed back on descriptions of its products as "illegal" loans.

While still higher than the norm, the reduction in this spread is good news when it comes to mortgage rates for potential homebuyers as well as current owners.