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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By accepting lower FICO scores in its retail channel, Wells appears to have struck a winning compromise with HUD that allows big lenders to maintain credit overlays.
February 16 -
JPMorgan Chase & Co. put a top executive in charge of managing its home lending business two days after acknowledging to Congress that some military personnel customers faced improper foreclosures.
February 11 -
With the flood of foreclosures has come a flood of litigation, and with that, higher costs and reputational risks for trustees.
February 11 -
With the flood of foreclosures has come a flood of litigation, and with that, higher costs and reputational risks for trustees.
February 11 -
JPMorgan Chase & Co. put a top executive in charge of managing its home lending business two days after acknowledging to Congress that some military personnel customers faced improper foreclosures.
February 11 -
Jonesing for the Obama administration’s official proposal to overhaul Fannie and Freddie? Here are some housing reform prescriptions to tide you over until tomorrow morning.
February 10 -
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
