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The Home Mortgage Disclosure Act data set to be released in the next few weeks will offer new proof that mortgage lending activity was stronger than expected last year. That fresh data, the likely delay in Fed action on rates and other factors could prompt higher volume estimates for 2015.
September 2 -
The Federal Housing Administration is reissuing a loan certification proposal that has sparked industry concerns that it will make it easier for the Justice Department to sue lenders when they file claims for agency-insured loans that go into default.
September 1 -
More than half of real estate agents are planning to extend their sales contracts to provide more time for the closing processing due to the coming implementation of new mortgage disclosures.
September 1 -
Marketplace lenders seek to disrupt traditional financial services with online platforms that connect borrowers to investors. But in real estate, this burgeoning sector has taken an approach that seeks to coexist with, rather than supplant, the traditional mortgage market.
September 1 -
M&T Bank has agreed to pay $485,000 and change its lending policies to settle a lawsuit that accused the Buffalo, N.Y., company of racial discrimination in making mortgage loans.
September 1 -
A new battle is brewing between Fannie Mae and Freddie Mac as the government-sponsored enterprises set out to boost their purchases of low down payment loans.
August 31 -
As marketing services agreements disappear under pressure from regulators, loan officers will have to compete based on skill and customer service to win referral business.
August 31 -
Bank of America has settled a national class-action lawsuit brought by former employees who claimed they weren't paid for overtime work.
August 28 -
Walter Investment Management has received approval from Freddie Mac to hold the mortgage servicing rights on $3.3 billion in residential mortgage loans.
August 27 -
The Federal Housing Administration has resolved a long-standing conflict with municipalities and private companies that back "green energy" loans that is expected to benefit banks and other mortgage lenders. The next question is whether the regulator of Fannie Mae and Freddie Mac mortgages will do the same.
August 25 -
Fannie Mae is revamping its affordable mortgage program to make it easier for low- and moderate-income families to qualify for low-down-payment loans.
August 25 -
Loans to first-time homeowners and others with low credit scores are a big part of the Federal Housing Administration's growth in purchase mortgages since the agency cut premiums.
August 25 -
The global market turmoil could be good for mortgage lenders if a further drop in long-term interest rates sparks another refinancing wave. It also could spell trouble for those that have not properly hedged their servicing rights.
August 24 -
Stock fluctuations will fuel investment banking fees in the short run, but a prolonged shock would complicate bank M&A and could tighten margins, crimp wealth management fees and present other risks.
August 24 -
Nothing touches off an argument more than questions about whether the CFPB will allow any marketing services agreements to continue. Some mortgage lenders say no and are winding down their agreements, others insist regulators can be satisfied, and still others are just plain confused.
August 21 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.
August 21 -
DotLoop, the tech startup Zillow just bought, takes the headaches and duplication out of managing real estate documents up until the hardest part of the transaction, the mortgage. Expanding into mortgages is possible, but would be tricky.
August 20 -
Tech investors love fast-growing marketplace lenders like Social Finance, but Wall Street has taken a dimmer view of them. A huge equity fundraising round should allow SoFi to keep fueling rapid growth while remaining privately owned.
August 20 -
Banks have ramped up foreclosure activity in the past five months, with default notices, scheduled auctions and bank repossessions at their highest levels in two years. It's a positive sign that banks are finally clearing out all the distressed loans still lingering from the housing crisis. Meanwhile, banks remain cautious about new lending, partly because of regulatory actions.
August 20














