Seven Republicans in the Senate wrote to federal banking regulators, amplifying concerns already raised by mortgage industry participants about proposed revisions to capital requirements for large banks.
The Supreme Court will hear a case on whether national banks are required to follow state requirements to pay interest on funds in mortgage escrow accounts. A ruling in favor of national banks could lead to an unlevel playing field, according to state regulators.
The company experienced a cyberattack Dec. 20 and took various systems offline to address the issue. System access started to be restored late last week and First American cautioned that sensitive data had been accessed.