FHFA nominee to testify before Senate panel next week
The Senate Banking Committee will examine the nomination of Mark Calabria to oversee the regulator of Fannie Mae and Freddie Mac, as well as nominees for the NCUA board and Treasury.
Waters says BB&T-SunTrust warrants ‘serious scrutiny’
House Financial Services Chairwoman Maxine Waters said the merger is a direct result of a regulatory relief bill that was signed into law in May.
5 ways mortgages will shape the BB&T and SunTrust merger
SunTrust’s merger with BB&T is the largest bank megadeal since the financial crisis, and mortgages will play a critical role in the execution of this transaction.
Ocwen settles DOJ claims that PHH illegally foreclosed on military members
Ocwen Financial subsidiary PHH Mortgage will pay a total of $750,000 to six military members and increase employee training to settle Department of Justice allegations that it conducted foreclosures that violated the Servicemembers Civil Relief Act.
Och-Ziff, BNY Mellon spar over payouts on Countrywide RMBS
Och-Ziff Capital is suing BNY Mellon, as trustee, to compel it to calculate interest in a way that is more favorable to the class of securities it holds.
Fintech must complement, not dictate, the millennial mortgage experience
To bring millennials to the table, mortgage lenders must overcome misconceptions about the role technology plays in the way this generation buys homes.
Canada’s banking regulator opens door to easing mortgage rules
A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.
Mortgage growth at 17-year low puts Canadian banks on notice
Mortgage growth has shrunk to a 17-year low in Canada, increasing pressure on the country’s big banks to find business elsewhere.
<div>Tech companies seen as banks’ competitors for mortgages: Fannie...
A significant percentage of consumers are willing to turn to technology companies for their financial needs, including applying for a mortgage, although they have trust issues with them, a Fannie Mae report said.
Housing shortages and affordable homes slowed December price growth
Inventory deficiency and affordability issues kept sales down and hampered home price growth, according to CoreLogic.
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