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 […]
Annual thresholds applicable to lending and anti-redlining rules are outlined in revisions to the consumer compliance exam manual published by the federal insurer of bank deposits, the agency said late Tuesday. The Federal Deposit Insurance […]
Credit risk is rising and operational risk is elevated, as a “maturing economic cycle may cause consumer headwinds,” the regulator of national banks said Tuesday. In its Semiannual Risk Perspective for Spring 2024, the Office […]
The subject of briefings on certain merger and deposit insurance applications outstanding for more than 270 days is on the agenda for discussion during a meeting Thursday of the board of the federal bank deposit […]
Two mortgage-related firms face action – including a combined nearly $9 million in penalties — for reverse mortgage servicing failures and recurring data errors, the federal consumer financial protection agency charged Tuesday. The Consumer Financial […]
An Atlanta, Ga.-based credit union that was conserved by the federal credit union regulatory agency Friday showed a nearly $150,000 net loss just in the first quarter and losses of more than half that amount […]
Claiming they fraudulently hid money – north of $40 million – to evade law enforcement, the federal consumer financial protection agency Monday asked a court to resolve a lawsuit against a Kansas couple filed in […]
A revised guide to reporting of home mortgage terms was released Monday, the regulator of national banks said, reflecting changes in the asset-size exemption, and others, that went into effect Jan. 1. The revised guide […]
Credit unions are being encouraged to participate in a survey by the Department of Homeland Security’s Cybersecurity and Infrastructure Agency (CISA) that seeks to identify what types of CISA services best meet their needs for […]
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