Federal Housing Finance Agency Director Mark Calabria Tuesday raised eyebrows when he told the House Financial Services Committee during a hearing housing finance reform that he is open to wiping out the shareholders...
Flagstar Bancorp originated $9.3 billion home mortgages in the third quarter, posting a net profit of $63.0 million, according to figures released Tuesday morning ...
A single-director structure at the CFPB in which the president has complete authority to put some new in charge will be even more negative for financial firms than the status quo, said one analyst.
In a report released Friday morning, Cowen Washington Research Group analyst Jaret Seiberg noted that banking regulators have been using consent decrees for years. “Such orders also tend to include conduct restrictions on the banks,” he said…
Look out below: Investor/hedge fund titan Leon Cooperman said on CNBC Wednesday morning that if Sen. Elizabeth Warren, D-MA, is elected president the stock market will fall by 25%...
One servicing advisor told us he anticipated his clients (smaller shops) would likely take a hit of 2 to 5 bps on their MSRs, but it looks like the big boys are reporting numbers that are worse than that...
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