Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets
Under new leadership, OCC settles actions against 2 executives tied to 2016 scandal for $150K and won't say if it will defend court challenge of $10M fine in a 3rd case
Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems
Project REACh aims to address economic disparities that hinder wealth creation in underserved communities by supporting community banks
Real estate news from the year's end
Approved by the Federal Reserve on Friday, the adjustment, from $250K to $400K, marks the first time in 25 years such an appraisal threshold has changed
Second largest home mortgaging service contends with series of scandals
More than 94 percent of mortgages are current and performing, according to a survey encompassing 8 national banks
6 federal agencies issued minimum requirement rule yesterday
Company follows lead of major US lenders
Three in four banks tightened mortgage standards
High court rules against 'expansive' definition of pre-emption