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. Continue reading
Under new leadership, OCC settles actions against two executives tied to 2016 scandal for $150,000 and won’t say if it will defend court challenge of $10 million fine in a third case. Continue reading
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. Continue reading
Project REACh aims to address economic disparities that hinder wealth creation in underserved communities by supporting community banks. Continue reading
The federal government took a flurry of actions before the end of the year. Read Lew Sichelman’s latest column to catch up with housing finance news you might otherwise have missed. Continue reading
Approved by the Federal Reserve on Friday, the adjustment, from $250,000 to $400,000, marks the first time in 25 years such an appraisal threshold has changed. Continue reading