This will be JPMorgan Chase's first house transaction (meaning the bank owns all of the mortgages in the deal) since the financial crisis.
Read More »OCC Spells Regulatory Relief for Banks
Banks and federal savings associations are about to receive some regulatory relief following a review of the Economic Growth and Regulatory Paperwork Reduction Act by federal agencies that happens only once every 10 years.
Read More »FDIC Clarifies Rules for Banks on Abandoned Foreclosures
When banks make the decision to stop the foreclosure process after it has already been started, borrowers may have already abandoned or stopped maintaining the property, which can lead to lower property values, blight, and crime.
Read More »Banks Come Out Winners in RMBS Case
For the most part, when being investigated over their pre-crisis residential mortgage-backed securities practices, the nation’s largest banks have come out having to pay billions of dollars in settlements and penalties.
Read More »Urban Institute: GSEs Should Consider Raising Nonbank Servicer Capital Requirements
Karan Kaul and Laurie Goodman contend that with taxpayers on the hook when nonbank servicers fail, more regulation is needed in order to reduce risk to taxpayers and shift more of it on to the industry.
Read More »Banks’ Profits Rose in Q4 on Drop in Litigation Expenses
FDIC Chairman Martin Gruenberg said despite the increase in profits, banks are still operating in a "challenging environment."
Read More »Fed: Banks Beginning to Ease Lending Standards
Banks have come under fire for their tight lending standards adopted in the wake of the crisis, but the Fed reported that some banks are beginning to lighten up.
Read More »Minneapolis Fed: Dodd-Frank Was Not Enough to End Too Big to Fail
In his first speech as president of the Minneapolis Fed, Neel Kashkari said that progress had been made toward ending too big to fail, but that the Dodd-Frank Act did not go far enough.
Read More »Wells Fargo Faces Challenges to Start 2016
So far this year, the bank has had to cut nearly 600 mortgage jobs and agreed to a $1.2 billion settlement with regulators over underwriting practices.
Read More »Comptroller Focuses on Helping Banks Revitalize Distressed Communities
Comptroller of the Currency Thomas Curry encouraged banks to meet with stakeholders in their communities to determine effectiveness of their financial products and possibly pinpoint new business opportunities.
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