WASHINGTON—The profit outlook for mortgage lenders fell for the ninth consecutive quarter in the final three months of 2018 due to a decline in demand for loans to buy homes and refinance existing mortgages, a quarterly survey of mortgage lenders found.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a proposal outlining how it will conduct its process for evaluating new credit scoring models for use by the government-sponsored enterprises (GSEs).
WASHINGTON—In a letter with six additional members of the House Financial Services Committee, Rep. Warren Davidson (R-OH) is encouraging the Department of Defense (DOD) to withdraw question No. 2 from its Military Lending Act (MLA) revised interpretive rule.
SAN DIEGO–San Diego Metropolitan Credit Union has changed its name. The $284-million CU is now Wheelhouse Credit Union, and with the new name comes a new graphic identity, logo and website.
WASHINGTON–Deposits continue to grow at FDIC-insured banks, but the pace of growth has slowed, according to the agency’s latest report.
LOS ANGELES–A former credit union employee who used her job to open bogus lines of credit for her online boyfriend is on trial here, with the defense arguing she was groomed by a con man who played on her emotions.
WASHINGTON—The Bureau of Consumer Financial Protection has released additional details around its efforts to streamline its "no-action" letter (NAL) process.
FORT WASHINGTON, Pa. —TruMark Financial announced it has become the “official credit union of the Philadelphia 76ers” of the National Basketball Association.
WASHINGTON–The “employee engagement scores” of the National Credit Union Administration, Bureau of Consumer Financial Protection, and the Federal Deposit Insurance Corp all decreased in the most recent numbers when compared with 2017, with the BCFP seeing the biggest decline.
BROOKLYN, N.Y.–A former senior-level employee at the Federal Deposit Insurance Corp. has been found guilty of stealing the “living wills” of big banks as she sought an advantage in obtaining a job in the private sector.
