Mike Weinbach, currently the CEO of Mortgage Servicing with JPMorgan Chase, has been named Chase’s new CEO of Mortgage Banking, the bank confirmed on Wednesday afternoon.
Read More »The MReport Webcast: Wednesday 12/9/2015
The Federal Open Market Committee will convene next week for the last time this year and are expected to sweep the industry with a change to the federal ...
Read More »Financial Stability Oversight Council: ‘Too Big to Fail’ Existent or Nonexistent?
"Too Big to Fail” was the prime topic of discussion at an oversight hearing for the Financial Stability Oversight Council in the House Financial Services Committee on Tuesday.
Read More »CFPB Outlines Potential Changes to Consumer Complaint Database
The Consumer Financial Protection Bureau (CFPB)’s Consumer Complaint Database has generated much controversy since June when it began publishing narratives of complaints from consumers. So much so that CFPB Director Richard Cordray issued a rare public response to the criticisms in late November.
Read More »Comptroller Introduces Proposals to Lower Regulatory Burden for Small Banks
Speaking at the sixth interagency outreach meeting on The Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) of 1996, Comptroller of the Currency Thomas J. Curry outlined specific legislative proposals that have been introduced to reduce regulatory burden on smaller banks.
Read More »The MReport Webcast: Tuesday 12/8/2015
News rang out all over the mortgage industry when a report surfaced earlier this morning that lobbyist have been secretly meeting with government officials and Wall Street banks ...
Read More »Did Advocates to Eliminate GSEs Engage in a Conflict of Interest?
At the forefront of that charge is a group of high-level industry professionals that has moved back and forth between the public and private sectors since the housing crisis in 2008. Is a conflict of interest brewing?
Read More »The MReport Webcast: Monday 12/7/2015
In what many viewed as the final piece of the puzzle before a Fed liftoff later this month, the Bureau of Labor Statistics reported solid job gains of ...
Read More »Xome CEO Kal Raman Resigns
Kal Raman has resigned his position as President and CEO of Xome Holdings, LLC, and its subsidiaries, according to an 8K filing by Xome's parent company, Nationstar Mortgage Holdings, with the Securities and Exchange Commission (SEC). Xome and its subsidiaries are wholly-owned subsidiaries of Lewisville, Texas-based Nationstar Mortgage Holdings. Raman originally joined Nationstar Mortgage as the CEO of another one of its subsidiaries, Solutionstar, in November 2014.
Read More »Is Solid Jobs Report Enough for a Rate Hike?
"This should put to bed any doubts about whether the Fed will announce a rate increase later this month. Barring something completely out of left field between now and then, liftoff will commence with a quarter-point rate increase to the target federal funds rate." - Curt Long, Chief Economist for the National Association of Federal Credit Unions
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