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CFPB Director Rohit Chopra launched an inquiry into so-called “junk fees,” with bankers and lenders countering that the fees they charge are related to specific types of work performed and that existing laws already prohibit excessive fees.
February 6
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The Indiana bank announced a five-year, $8.3 billion agreement with the National Community Reinvestment Coalition in connection with its acquisition of First Midwest Bancorp. The Federal Reserve approved the purchase last month.
February 3
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The moves, which are part of a multiyear strategy, are meant to focus resources in areas where the Spanish banking giant can earn solid returns.
February 2
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Three housing finance organizations asked for an interactive process similar to that used previously for originations and said they preferred less reliance on life-of-loan indemnification as a remedy.
January 31
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On Sep. 30, 2021. Dollars in thousands.
January 31 -
On Sep. 30, 2021. Dollars in thousands.
January 31 -
The Troy, Michigan-based bank is looking for companies already innovating across the various aspects of the home finance business.
January 31
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Home valuation professionals have had mixed feelings about automation out of concern that some forms could result in less accurate assessments.
January 19
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The new offering’s loan structure is designed to hedge against digital currency's price volatility.
January 19
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While some in the industry support the change, mortgage broker trade group AIME called on the agency to reconsider it.
January 5
