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Banks' office loans: 44% said to be underwater amid soaring vacancies

National Mortgage
Mortgage Finance
2 years ago

A pedestrian exits a building in San Francisco's financial district in July 2022. An estimated 44.6% of U.S. banks' office,.. Read More;

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CFPB might be over its anti-discrimination skis in Townstone case

National Mortgage
Mortgage Finance
2 years ago

The Consumer Financial Protection Bureau is appealing a lower court ruling that found the agency had erred in bringing an,.. Read More;

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Data breach complaint against servicers gutted by judge

National Mortgage
Mortgage Finance
2 years ago

A trio of related servicers could face fewer legal consequences from a massive data breach after a federal judge dismissed,.. Read More;

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Fidelity National, Loancare hit with lawsuit after cyberattack

National Mortgage
Mortgage Finance
2 years ago

A class action suit was filed last week against mortgage subservicer Loancare and its parent company, Fidelity National Financial, following,.. Read More;

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Social Security numbers of 14.7M customers exposed in Mr. Cooper hack

National Mortgage
Mortgage Finance
2 years ago

Almost 15 million former and current Mr. Cooper customers were impacted by a cyberattack reported two months ago.The attack, which,.. Read More;

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Fannie Mae still expects downturn, in spite of Fed's actions

National Mortgage
Mortgage Finance
2 years ago

Fannie Mae is holding to its forecast of a modest economic downturn in 2024, in spite of statements by the,.. Read More;

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Builder sentiment rises for first time in five months

National Mortgage
Mortgage Finance
2 years ago

U.S. homebuilder sentiment improved in December for the first time in five months as falling mortgage rates led to a,.. Read More;

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Fed rate-cut pivot welcome for Biden, but carries pitfalls for Powell

National Mortgage
Mortgage Finance
2 years ago

Federal Reserve Chair Jerome Powell's pivot toward interest-rate cuts is spreading holiday cheer in the White House, where the improved,.. Read More;

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Sen. Warren criticizes OCC's record on state consumer protection rules

National Mortgage
Mortgage Finance
2 years ago

  Senator Elizabeth Warren, D-Mass., sent a letter to acting Comptroller of the Currency Michael Hsu concerning OCC's continued,.. Read More;

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Finance of America receives listing notice from NYSE

National Mortgage
Mortgage Finance
2 years ago

Finance of America received a notice from the New York Stock Exchange warning its stock price has been trading below,.. Read More;

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The biggest housing policy initiatives for 2024

National Mortgage
Mortgage Finance
2 years ago

The driving force behind a lot of potential housing policy actions coming in 2024 will be a renewed political appeal,.. Read More;

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PNC, U.S. Bank closed roughly one in 10 branches in 2023

National Mortgage
Mortgage Finance
2 years ago

The overall pace of bank branch closures slowed in 2023, but certain banks still slashed the size of their brick-and-mortar,.. Read More;

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