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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A Freddie Mac director says board has no fiduciary responsibility to remaining private shareholders; HUD revamps REO management; and more.
February 9 -
In July 2008, the cusp of the financial meltdown, Aurora Loan Services approached some ARM borrowers with a loan mod offer that was hard to turn down — in more ways than one.
February 8 -
A California appeals court has dealt mortgage servicers another setback by letting a borrower pursue a fraud claim because she was promised a loan modification, but got pushed into foreclosure.
February 4 -
A California appeals court has dealt mortgage servicers another setback by letting a borrower pursue a fraud claim because she was promised a loan modification, but got pushed into foreclosure.
February 4 -
Wikileaks' Julian Assange laughs at "squirming" banks; sobering scene at a Wells Fargo loan-mod workshop; remembering those subprime-era pop-up ads.
February 2 -
Ally Financial Inc. reported its fourth consecutive quarterly profit Tuesday and its chief executive said the auto and mortgage lender is hyperfocused on repaying its $17.2 billion bailout as the company prepares for an initial public offering.
February 1 -
The countdown clock on the Federal Reserve's rule to limit mortgage brokers' pay still has two months to go, but the shake-up is under way.
January 28 -
The countdown clock on the Federal Reserve's rule to limit mortgage brokers' pay still has two months to go, but the shake-up is under way.
January 28 -
Infestation by thousands of snakes hurts the value of a seized home in Idaho; cost-wary servicers reportedly won’t complete foreclosures on Chicago properties; and more.
January 26 - PH
Last year's robo-signing scandals delayed tens of thousands of foreclosures in the 23 states where the process is handled in court. A new controversy could complicate foreclosures in the other 27 states.
January 20 -
Former Countrywide CEO Mozilo makes a rare public appearance; a secondary market is established for property tax liens; and more.
January 19 -
Home mortgage lending is off to a slow start this year, boding ill for the industry after volumes slid to a two-year low in December.
January 18 -
Some mortgage brokers must have wondered for a moment whether they were in a time warp when they received an e-mail Tuesday from their Bank of Internet USA account executive.
January 13 -
The MBA sues to void a regulatory interpretation entitling loan officers to overtime pay; N.Y. Fed wonders why consumers don't want adjustable-rate loans.
January 12 -
A ruling by Massachusetts' highest court rejected claims made by the banks that they, as securitization trustees, did not have to prove their authority to foreclose on two separate homes.
January 7 -
A ruling by Massachusetts' highest court rejected claims made by the banks that they, as securitization trustees, did not have to prove their authority to foreclose on two separate homes.
January 7 -
MetLife Bank, a unit of the New York insurance company MetLife Inc., has catapulted from relative obscurity in banking to become the seventh-largest depository and a contender in mortgages.
January 6 -
An observer of the put-back wars predicts more settlements between lenders and the GSEs; task force created to spot flaws in HAFA identifies a culprit: servicers.
January 5 -
It remains to be seen whether institutions that are in better financial shape than Bank of America and Ally Financial will accept olive branches from Fannie Mae and Freddie Mac.
January 3 -
Large banks could end up pocketing higher profit margins on residential mortgages this year because of a rule from the Federal Reserve that restricts the pay of brokers and loan officers.
December 30
