On Feb. 1, Ben Bernanke was sworn in for a second four-year term as chairman of the.... Radian expanded its standard guidelines, making rate/term refinances and attached... Republic Mortgage Insurance Corp. announced changes to its Declining Markets classifications... United Guaranty has amended its Declining Market Eligibility Criteria relating to... The National Association of Mortgage Brokers will have its Legislative...
The regulator said in an amicus brief Wednesday that home equity investments can be considered credit and subject to Truth in Lending Act requirements.
“We’re still not at the level of profitability where we should be in home lending, just given as we continue to wind down that servicing book,” said Charlie Scharf, CEO of Wells.
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