Mortgages

Moelis submits a revised Fannie/Freddie blueprint; FASB considering a plan to have banks break out charge-offs and recoveries on year-by-year basis; Wells Fargo layoffs begin with 1,000 jobs in mortgage and tech; and more from this week's most-read stories.

Challenges will likely increase as interest rates rise and investors grow more concerned about a downward turn in the economic cycle.

Adults ages 18 to 29 may have a hard time getting a mortgage, but they are not shying away from other forms of consumer debt, according to a report by the New York Fed.

The Trump administration should consider putting much of the subsidized mortgage lending done by the federal government under the government-sponsored enterprises to improve efficiency and transparency.

Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.

FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system.

The mortgage insurer’s annual actuarial report showed strength in the agency’s capital reserves even though losses in the “home equity conversion mortgage” program are still a problem.

While JPM won't by the first to offer tap to pay, others may follow; cryptocurrency drops to lowest level of the year.

Tepid loan and deposit growth has been a persistent theme in 2018, but that could soon change for community and regional banks in the New York and Washington markets.

A new study from CUNA Mutual Group finds a disconnect between consumer sentiments and their financial behaviors.

The bank recently notified an upstate New York man that he was wrongly denied a mortgage modification, and enclosed a $25,000 check. But details of what went wrong have been hard to come by.

The company will also restate financials for the first half of 2018 to correct how it classified cash flow activities tied to commercial mortgage warehouse lending.

Motor vehicle agencies are better suited to vet customers’ identities than banks; Goldman unit is stealing customers from big U.K. banks.

The revised blueprint by Moelis & Co. LLC incorporates a pending regulatory capital plan for the mortgage giants.

Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks and credit unions rally and fend off the insurgents?

The presumptive chair of the Financial Services Committee resumed her tough criticism of the administration, but also committed to "hearing a range of views" if handed the gavel.

The OCC is looking into problems in the bank’s technology operations; banks turn to untraditional methods to raise revenue from research.

Will it be a bigfoot from Amazon, Google and Apple, or death by a thousand bites from niche rivals? Or can banks rally and fend off the insurgents?

Real estate and mortgage industry groups outspent proponents 3-to-1 to defeat Proposition 10, a measure to allow California municipalities to set local rent control laws.

The bank says a calculation error led it to deny help to distressed homeowners; a former U.S. deputy attorney general will help with in the 1MDB fraud scandal.