Of the residential mortgage loans included in the national bank regulator’s June mortgage metrics report, 97.4% were current and performing at the end of the first quarter – up 0.2% from the fourth quarter of […]
Financial institutions would be “explicitly” required to adopt anti-money laundering and countering the financing of terrorism (AML/CFT) programs that are effective, risk-based, and reasonably designed under rules proposed Friday by the Treasury’s financial crimes arm. […]
Details on appraisals, willingness to move, and disability accommodations are covered in updated loan-level data released Monday by two federal agencies collected through the National Survey of Mortgage Originations (NSMO). The data also provide, according […]
The federal bank deposit insurer announced dual actions Friday which allow the creation and federal deposit insurance coverage for a new industrial bank in Salt Lake City, Utah, and the merger into that new bank […]
A proposal to expand the operating days of the Federal Reserve Banks’ Fedwire Funds Service and the National Settlement Service (NSS), to include weekends and holidays, will now be open to comments until Sept. 6, […]
Two new independent offices have been created within the federal bank deposit insurance agency to address claims of sexual harassment, discrimination, other forms of interpersonal misconduct, and claims of retaliation, the agency announced Friday. The […]
Weaknesses related to derivative portfolios were identified in the “living wills” of four of the largest banks in the nation, with one of the banks having a “deficiency,” federal banking regulators said Friday, following the […]
Wondering if you still have time? You do: Eighteen days (after today) remain of the public comment period for the Federal Reserve’s proposal to expand the Fedwire Funds Service and the National Settlement Service (NSS) […]
Quality control standards will be required for use of automated valuation models (AVMs) by mortgage originators and secondary market issuers in determining the collateral worth of a mortgage secured by a consumer’s principal dwelling under […]
Banks with at least $100 billion in assets must develop and submit detailed plans demonstrating how they could be resolved “in an orderly and timely manner” under a rule approved Thursday by the board of […]
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