At this point, 13 years on from the financial crisis, there are too many institutions copping to wrongdoing that risk managers could have — and should have — anticipated. Source: American Banker
Cardtronics will accept a $1.7 billion sale to NCR after the ATM producer outbid Apollo Global Management and Hudson Executive Capital. Source: American Banker
The expected nomination of Michael S. Barr has disappointed many progressives; the Morgan Stanley boss got a 22% raise to $33 million, while JPMorgan CEO held steady at $31.5 million. Source: American Banker
Housing demand soared in 2020 as mortgage rates dipped to all-time lows, resulting in a banner year for mortgage originators. But strong demand and a limited housing supply also led to rising home prices, causing some to speculate about a housing bubble. However, HousingWire Lead Analyst Logan Mohtashami isn’t worried. He did a deep dive […]
Buying a home is a big decision. And choosing the right type of property? That’s critical to success. The property type you opt for will ultimately impact your cash flow, how much work and maintenance the home requires, and the wealth you’re able to build over time. Want to make sure you’re buying the right […]
HousingWire’s People movers section covers the latest hiring updates in the mortgage and real estate industry. This week, Better.com, Credit Plus and Foundation Title & Escrow Series announced changes to their leadership team. Better.com appointed Diane Yu as its new chief technology officer where she will lead engineering and technical strategy. Yu most recently served […]
The Columbus, Ohio, company plans to close nearly 200 branches in the state — including more than 90 in Meijer grocery stores — after it acquires TCF Financial. It also intends to significantly boost its technology spending to improve its digital capabilities. Source: American Banker
By a unanimous 26-0 vote, the Senate Finance Committee approved Janet Yellen’s nomination to become U.S. Treasury Secretary on Friday. Senate Majority Leader Chuck Schumer said there would be no other votes in the Senate on Friday, meaning there will not be confirmation of Yellen as Treasury Secretary until this weekend or next week, if […]
Deposits are soaring while loan demand lags and mortgage-backed securities offer weak returns. So the Alabama company has parked loads of cash at the Fed in hopes the economy will pick up steam before profit margins suffer. Source: American Banker
As one of his first directives upon taking office, President Joe Biden announced a 60-day freeze on regulations to give his administration the time necessary to review any new rules. It could affect two recent rules related to mortgages. Biden ordered that no new rules can be issued until a member of his administration is […]