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Lending to problematic or serial evictors can cause people to be pushed out of their homes in the name of profits. Banks must adopt standards against this practice.
August 14California Reinvestment Coalition -
The bank continues to battle a series of negative headlines such as erroneous foreclosures, but public and investor reaction has been muted.
August 13American Banker -
The Trump administration has argued that the Affirmatively Furthering Fair Housing rule, issued in 2015, was too prescriptive.
August 13 -
Steve Calk, the head of The Federal Savings Bank, was a "co-conspirator" in an effort to defraud the Chicago bank, a prosecutor said at the trial of former Trump campaign chair Paul Manafort. Could Calk be charged with a crime?
August 13 -
Stephen Calk, the CEO of The Federal Savings Bank, expedited approval of a mortgage to the onetime Trump campaign chair in hopes of winning a job as Treasury secretary or housing secretary, a former bank employee testified Friday.
August 10 -
The Fed's order targets affidavits prepared by employees of CitiFinancial in connection with the company's exiting the mortgage servicing business.
August 10 -
Joe Baratta, Blackstone’s global head of private equity, said that he was drawn to the Sacramento, Calif., company because he believes its technology offers lenders a more efficient way to find customers.
August 10 -
Sen. Brian Schatz, D-Hawaii, said it is hard to imagine how Wells Fargo's $8 million remediation plan would correct a mistake that led to 400 wrongful foreclosures.
August 9 -
A mortgage fraud scheme involving fake employment records, initially thought to be contained to Southern California, is occurring statewide, Fannie Mae said in a new fraud alert.
August 9 -
Gateway Mortgage's owners plan to merge the mortgage lender into Farmers Exchange Bank.
August 8