The National Community Reinvestment Coalition and 39 other trade groups have called for Utah-based TAB Bank’s Community Reinvestment Act rating to be downgraded over its partnership with a nonbank retail installment lender.
The government watchdog has called on the Comptroller of the Currency to revamp some of its redlining examination tools. Specifically, OCC should give time frames for a planned information repository and update its procedures to account for new statistical analysis techniques.
Last year was a record year in terms of loan production at $4.4 trillion. But oftentimes, when you have a boom, there’s an ugly hangover in the form of job cutbacks. How bad might it get?
Purchase-mortgage business with primary mortgage insurance held up well in the second quarter while refi activity dropped, according to an analysis of agency MBS issuance. (Includes two data charts.)
A cash management plan submitted in bankruptcy court by FGMC would “circumvent” the rights of FGMC’s warehouse lenders, according to Customers Bank and Flagstar Bank.
Mortgaged property owners retain most climate change-related physical risks and transition risks up to the value of their equity. But lenders, servicers and secondary market buyers also face climate-related risks, the MBA said in a new white paper.