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Strong home sales are boosting originations of Federal Housing Administration loans and opening the door for first-time buyers developments that could portend the mortgage insurance agency receiving a positive report from auditors this fall.
September 30 -
Orrstown Financial in Shippensburg, Pa., has agreed to pay a $1 million to settle charges that it misled investors as it raised capital in the wake of the financial crisis.
September 29 -
In a stunning move, the European Union signaled that it will not follow the Basel Committee's recommendations on standardized credit, operational and market risk rules, citing concerns that the direction of the proposals would unduly increase capital requirements and stifle economic growth.
September 29 -
Last week's Senate hearing was bad for Wells Fargo CEO John Stumpf, but Thursday's House appearance was even worse. Lawmakers moved beyond calling for Stumpf to resign, and said Wells Fargo should be broken up and Stumpf should go to jail.
September 29 -
WASHINGTON More than one hundred House Democrats sent a letter to Consumer Financial Protection Bureau Director Richard Cordray on Wednesday calling for the agency to strengthen its proposal to rein in payday lending.
September 28 -
Gary "Litefoot" Davis, a member of the Cherokee Nation in Oklahoma and a music and on-screen personality, was named executive director of the Native American Financial Services Association.
September 28 -
Federal Reserve chair Janet Yellen testified for the second consecutive year on regulatory issues, touching on the Fed's stress tests, banks' ownership of commodities, the fate of Wells Fargo and whether the central bank acts in a political fashion.
September 28 -
WASHINGTON Members of the Senate Banking Committee introduced legislation Wednesday that would make municipal debt securities more attractive to banks.
September 28 -
Following industry objections to how the Federal Deposit Insurance Corp. defines brokered deposits, a House panel heard testimony Tuesday on a series of bills that would amend the definition.
September 27 -
The Federal Housing Administration issued a proposal Tuesday that would make it easier for lenders to secure government guarantees for condominium loans.
September 27