In a statement, bank CEO Charlie Scharf said, “Building an appropriate risk and control infrastructure has been and remains Wells Fargo’s top priority. The OCC’s actions today point to work we must continue to do to address significant, longstanding deficiencies.”
With the CDC no longer able to offer eviction protection to those delinquent renters, speculation now turns to whether the federal agencies in charge of housing policy, including the Federal Housing Finance Agency, will institute a moratorium of their own.
More specifically, FHFA recommends the enterprises focus on reducing racial disparities in acceptance rates generated by their automated underwriting systems...
Earlier in the week, CoreLogic estimated a loss of between $27 billion and $40 billion because of damage to property, including insured and uninsured residences and commercial structures...