Nationwide Building Society Boosts Mortgage Sales with Remote Expert Video Conferencing November 22, 2013Partnering with Cisco to provide video conferencing with mortgage experts has helped increase growth in the bank’s mortgage business. JPMorgan $13B Mortgage Settlement May Be Only the Beginning November 20, 2013The bank was it with a record fine for its actions in the mortgage-backed securities market prior to the financial crisis.
2014 an Uncertain Year in Mortgage Industry November 15, 2013New regulations and likely declines in loan origination levels portend a difficult year for mortgage bankers. 5 Ways Mobile Banking Is Evolving: Finovate September 13, 2013Several new technologies demoed at Finovate this week showcased new ways that mobile is solving pain points for banks and their customers. IBM Launches Mobile Loan Processing Solution September 09, 2013The solution is designed to allow banks to engage with borrowers in real-time during every aspect of the loan application process.
Capital One Acquires Beech Street Capital August 19, 2013The privately-held, national originator and servicer of Fannie Mae, Freddie Mac and FHA multifamily commercial real estate loans was acquired for an undisclosed sum.
Gulf Coast Bank Revitalizes Mortgage Operations With Automated CRM July 18, 2013By working Mortgage Returns automated CRM system the bank’s mortgage division just had its best quarter ever with fewer staff. Accenture Augments Mortgage Offerings With Mortgage Cadence Acquisition July 16, 2013Accenture says the acquisition will help clients cut cycle time and costs while increasing flexibility to comply quickly with new regulations. Automating Quality: Best Practices for Banks to Meet Quality Mortgage and CFPB Regulations July 01, 2013Using dynamic digital documents for mortgage disclosure forms can help mortgage lenders keep up with the CFPB’s regulatory mandates and cut costs associated with document management. Getting to 'Wow' With Wells Fargo June 27, 2013Wells Fargo's CMO recently discussed the culture of customer experience at the bank.
CFPB Makes Complaint Data Public March 28, 2013The database contains some 90,000 searchable complaints on mortgages, student loans, bank accounts and services, other consumer loans, and credit cards.
Mortgage Cases to Test U.S. Use of Once-Obscure Fraud Statute January 17, 2013Banks are testing U.S. authorities' use
of a once-obscure statute to bring more cases tied to the
financial crisis, arguing the government is twisting the law
beyond what it can do. New CFPB Regulations Target Mortgage Servicers January 17, 2013The CFPB announced new rules today regulating the mortgage servicing industry in the hopes of helping struggling borrowers. CFPB Announces New Mortgage Rule to Ensure Borrowers Can Repay Loans January 10, 2013The CFPB's introduced its new Ability-to-Repay rule that charges lenders to make sure borrowers have the means to repay their loans. Banks and Servicers Agree To Mortgage Relief for Sandy Victims November 07, 2012A number of mortgage lenders in New York State have agreed to waive late payment fees and postpone foreclosures for Sandy victims. Sheila Bair's 4 Types of Dysfunctional Regulators October 26, 2012Sheila Bair, former FDIC chair and current industry critic, thinks that regulators are partly to blame not only for the financial crisis and the banking industry's continuing lousy reputation, but she also has plenty of criticism for bankers and politician Mortgage Builder Releases New Loan Origination Platform for Lenders September 20, 2012Mortgage Builder's new Architect platform offers a more user-friendly experience and easy enhancements for bank's lending operations. Citigroup Settles Shareholder Lawsuit For $590 Million August 29, 2012Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis. Bank M&As Pick Up Steam: Hudson City to Merge with M&T Bank August 27, 2012Hudson City to merge with M&T Bank; $3.7 billion deal creates combined network of 870 branches stretching from Connecticut to Virginia. CFPB Proposes Rules to Change Loan Origination Market August 20, 2012The proposal includes new rules the regulator says will help consumers understand mortgage costs better.