Browsing: Fair lending

Legal

The Supreme Court on Monday agreed to review a case involving a lawsuit brought by the City of Miami against Bank of America and Wells Fargo alleging the banks engaged in discriminatory lending practices that resulted in reduced property tax revenues.

Community Banking

Speaking at the agency’s community banking conference today, FDIC Vice Chairman Thomas Hoenig again offered a “legislative remedy” for excessive and ill-tailored regulatory burden for banks engaged in what he called “traditional banking activities,” which would encompass most community banks and some regional banks as well.

Mortgage

More than 495,000 borrowers refinanced their Fannie Mae or Freddie Mac mortgage loans in the third quarter, with 25,824 refinanced through the Home Affordable Refinance Program, the Federal Housing Finance Agency said today.

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