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SunTrust Banks Inc., which has already lost hundreds of millions after repurchasing bad mortgages, could lose up to $150 million as it deals with the cost of mortgage-servicing problems.
February 28 -
After imposing a raft of new regulations, mortgage regulators are seeking servicing industry input to prevent the latest housing rescue bids from suffering the same dismal fate as their predecessors.
February 28
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Past reports on industry health showed limited, if any, loan growth, but that changed in the most recent Quarterly Banking Profile.
February 28
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As Occupy the SEC detailed in our recent comment letter, the agencies proposed implementation of the Volcker Rule strays from Congressional intent in several big ways.
February 28
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Credit Union National Association is calling on the Consumer Financial Protection Bureau to use its new authority over the Electronic Funds Transfer Act to amend requirements that force two separate disclosures on fees to a single, on-screen disclosure.
February 28 -
The plans provide new details on how banks will address foreclosure errors under consent orders signed last year.
February 27 -
The Federal Housing Administration is following through with its pledge to increase upfront and annual insurance premiums on its forward single-family business.
February 27 -
Now that the agency overseeing Fannie Mae and Freddie Mac has revealed the reasoning behind its stubborn opposition to mortgage principal reduction, the problems with its argument are clear.
February 27
American Banker -
The Department of Housing and Urban Development alleged Monday that Bank of America imposed "unnecessary and burdensome" requirements on borrowers who relied on disability income to qualify for home loans.
February 27 -
Fannie Mae is offering to sell nearly 2,500 foreclosed properties to investors as part of a new federal initiative to aid the housing market by selling off distressed properties in bulk, the Federal Housing Finance Agency said Monday.
February 27
