Mortgages

Earlier versions of the bill would have caused bigger changes in how Americans finance home purchases, higher education and retirement. Still, the final legislation will have important effects on borrowing and saving decisions.

The announcement Thursday that Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency Director Mel Watt agreed to let Fannie Mae and Freddie Mac each build a $3 billion capital buffer avoided a potential crisis.

Fannie Mae and Freddie Mac will be allowed to build capital buffers to protect against losses under an agreement between the Treasury Department and the Federal Housing Finance Agency announced on Thursday.

Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans.

Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading.

The $280 million securitization is also expected to boost capital levels and lower Dime's loan-to-deposit ratio.

The executive tasked with reshaping Wells Fargo's embattled retail banking unit will now also be responsible for mortgage, auto and student lending.

Long-time CEO grew M&T Bank into a $120 billion regional lender; Jim McCarthy, a high-profile manager, didn’t inform company about relationships.

Mortgage lenders are bracing for big delays in the processing of mortgage applications, citing a problem with the income verification system at the Internal Revenue Service.

JPMorgan Chase get a new branch banking leader; Trump's anti-Wells tweet stokes concerns; blockchain, GSE survival, and more in this week's top stories.

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.

The government-sponsored enterprises are at the heart of our housing finance problems, not the solutions.

For decades, Fannie Mae and Freddie Mac helped working-class Americans get mortgages. That essential and powerful role in the national economy is fading.

On Sep. 30, 2017. Dollars in thousands.

On Sep. 30, 2017. Dollars in thousands.

Departing central bank chief says colleagues are committed to strict bank regulation; marketplace lending not living up to promises as delinquencies continue to rise.

In a year of political upheaval and weak commercial credit growth, lenders sought to capitalize on an economic bright spot — consumer spending — by reviving the personal loan, allying with fintechs and exiting traditional business lines that no longer made sense.

The Obama administration had tried to ease restrictions on the Federal Housing Administration's condominium program, but the agency under President Trump is seen as moving more aggressively.

The House Financial Services Committee, by a vote of 60-0, approved a bill amending key provisions of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008.

The company will pay $186 million for First Bank Lubbock in a deal that also includes mortgage unit PrimeWest Mortgage.