The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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The final Community Reinvestment Act rule notably expands the definition of "large" banks to include banks with at least $2 billion of assets, requiring more banks to comply with the updated rules. That expanded scope is a feature, not a bug.
October 24
American Banker -
Total deposits dropped 8.8% to $6.64 billion in the three months ending September 30 despite an influx of non-interest bearing funds, according to a statement.
October 24
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The card network integrated its data-sharing technology into products from Zip, FIS and JPMorgan Chase as potential regulations loom on the horizon.
October 24
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FTX Trading is considering proposals from three bidders to restart trading on what had been one of the world's biggest crypto exchanges before the company sank into bankruptcy amid fraud allegations.
October 24
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After years of discussion among regulators, the Federal Reserve Board has approved changes to its CRA rules that will base compliance exams on where lending occurs rather than branch locations. The updates — set to take effect in January 2026 — also emphasize lending in lower-income areas as well as community development loans and investments.
October 24
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Christopher Zellman, CPA. is a principal in the CFO Advisory Services Department of
Prager Metis CPAs . He has more than 30 years of experience in the accounting profession.October 24
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The Consumer Financial Protection Bureau's mission is important. That's why Congress needs to have stricter oversight of its actions.
October 24
Community Financial Services Association of America -
The top five servicers that are depositories have a combined unpaid principal balance of more than $1.89 trillion at the end of Q2 2023.
October 24
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Three months after the instant payment network went live, users and former Fed staffers say the rollout is going as expected. But the key to wider use depends on banks and their customers figuring out what to do with it.
October 23
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The Alabama bank reported that check fraud resulted in operational losses of $135 million between April and September, including $53 million last quarter. The entire banking industry has been beset by higher levels of check fraud since the start of the COVID-19 pandemic.
October 23
