Kate Berry has covered the Consumer Financial Protection Bureau for American Banker since 2016. She joined the publication in 2006 covering mortgage lending and the financial crisis. Berry also has covered big banks including Bank of America, J.P. Morgan Chase and Wells Fargo. She has won five awards from the Society of American Business Writers and Editors, and has worked at several news organizations including the Orange County Register, the Los Angeles Business Journal and the Associated Press. Berry began her career as a clerk at the New York Times.
-
While many bankers cite new regulations or the sluggish economy as their primary challenges, PNC's CEO-in-waiting said that an even bigger hurdle could be figuring out how to charge customers for products and services that banks currently give away for free.
By Kate BerryMarch 14 -
A group of about 50 to 60 protestors interrupted a speech by Wells Fargo (WFC) Chief Executive Officer John Stumpf on Thursday at a banking conference, taking over the stage with chants and complaints about home foreclosures.
By Kate Berry and Maria AspanMarch 14 -
Ally Bank continued its retreat from home lending by agreeing Tuesday to sell a portfolio of mortgage servicing rights to Ocwen Financial Corp. (OCN) for roughly $585 million.
By Kate BerryMarch 12 -
The Comptroller of the Currency wants banks to hold more capital against mortgages in warehouse lending facilities, but small banks complain it could cripple a vital business.
By Kate BerryMarch 11 -
Sen. Ron Wyden, D-Ore., is urging the Justice Department to investigate Lender Processing Services for double-billing of foreclosure-related legal fees.
By Kate BerryMarch 8 -
Regions Financial CFO David Turner is upbeat about lending prospects. But BB&T and U.S. Bancorp see signs of slower loan growth in the first quarter.
By Kate Berry and Kevin WackMarch 6 -
Rising real estate values, a dearth of inventory, historically low interest rates and an abundance of capital that needs to be deployed by institutional investors are all factors spurring bulk loan sales.
By Kate BerryMarch 1 -
Housing counselors grilled mortgage settlement monitor Joseph A. Smith on why banks are not disclosing data that would show whether communities hit hardest by the foreclosures crisis are getting the bulk of the relief.
By Kate BerryFebruary 27 -
JPMorgan Chase (JPM) is selling off a chunk of its mortgage servicing operation to a Dallas company that specializes in servicing distressed debt.
By Kate BerryFebruary 26 -
Though regulators gave community banks an exemption for balloon mortgages, they carved out such a narrow definition that some banks would be forced to stop making them.
By Kate BerryFebruary 25 -
Consumer advocates remain frustrated with servicers for not offering more principal write-downs and loan modifications to help borrowers stay in their homes.
By Kate BerryFebruary 21 -
Short sales continue to dominate relief efforts under the national mortgage settlement, and Californians continue to receive the bulk of the benefits.
By Kate Berry and Kevin WackFebruary 21 -
The arrangement is designed to give the bank some high-level mortgage expertise, but some industry observers have raised questions about the size of the $100,000 monthly fee.
By Kate BerryFebruary 15 -
Ally Financial is the first company to fulfill its requirements under the $25 billion national mortgage settlement, its top monitor said Thursday.
By Kate BerryFebruary 14 -
Banks will finally start to sell more distressed loans this year, and buyers will have to be careful not to overbid, PennyMac CEO Stanford Kurland says.
By Kate BerryFebruary 14 -
Fierce competition, a run-up in prices, and an expected jump in interest rates in the years ahead could spell bad news for banks that hold multifamily loans on their balance sheets. Cheap financing from Fannie and Freddie is also fueling concerns of a bubble.
By Kate BerryFebruary 8 -
The Consumer Financial Protection Bureau is expected to be inundated with comments on how to rework the proposed 3% cap on loan origination points and fees.
By Kate BerryFebruary 4 -
The Detroit online lender recently licensed its loan origination platform to JPMorgan Chase last month and struck a co-branding deal with Charles Schwab Bank; now it is looking to grow profits by selling components of its mortgage technology to other banks.
By Kate BerryJanuary 31 -
Many of the changes, which were outlined late last year in the FHA's annual report to Congress, will raise the cost of home loans for consumers.
By Kate BerryJanuary 30 -
A ruling by a federal appeals court last week that President Obama acted improperly in recess appointing members of the National Labor Relations Board may encourage Democrats to cut a deal on the structure of the Consumer Financial Protection Bureau.
January 28




