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.
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Short sales continue to dominate relief efforts under the national mortgage settlement, and Californians continue to receive the bulk of the benefits.
February 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.
February 15 -
Ally Financial is the first company to fulfill its requirements under the $25 billion national mortgage settlement, its top monitor said Thursday.
February 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.
February 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.
February 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.
February 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.
January 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.
January 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 -
Richard Cordray's recess appointment to the Consumer Financial Protection Bureau may ultimately be invalidated, but legal experts say several recent mortgage regulations approved on his watch may still be upheld.
January 28 -
EverBank and OneWest appear set to do what regulators and the largest mortgage servicers concluded was impractical: Finish the independent foreclosure reviews.
January 28 -
A three-judge panel of the U.S. Court of Appeals ruled that President Obama did not have the authority a year ago when he filled three recess appointments to the NLRB the same day he appointed Richard Cordray to head the Consumer Financial Protection Bureau.
January 25 -
San Bernardino County CEO Greg Devereaux said Thursday that the plan to use eminent domain to restructure the loans of underwater borrowers had not receive enough community support.
January 24 -
The No. 2 home lender will market the government's Home Affordable Refinancing Program to hundreds of thousands of customers acquired from MetLife. To speed closings, it's licensing Quicken Loans' technology.
January 23 -
The Consumer Financial Protection Bureau's new mortgage servicing rules may force some servicers to exit the business altogether or simply outsource servicing of defaulted loans to third-parties, experts said Thursday.
January 17 -
Just a week after overhauling how mortgages are underwritten, the Consumer Financial Protection Bureau was set Thursday to unleash an additional series of rules dictating extensive new requirements for mortgage servicing.
January 17 -
Community State Bank, of St. Charles, Mich., has agreed to open a loan office in Saginaw, Mich., to settle a Justice Department lawsuit alleging it discriminated against African-Americans.
January 15 -
The National Consumer Law Center released a 90-page report Tuesday calling for the Consumer Financial Protection Bureau to make loan modifications mandatory in national servicing standards.
January 15 - PH
Start the new year right, with new ways to think about widening your customer base, lowering your legal costs, mentoring your executives, maximizing technology investments ... and more.
December 21 -
Shoring up the Federal Housing Administration's finances in the short term is a top priority, but differences remain on whether the agency needs an overhaul or tweaks around the edges.
December 20
