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Bank regulators unveil capital reforms to boost mortgage lending

Banking, basel III, Federal Deposit Insurance Corporation, Federal Reserve, HWmember, Mortgage, Office of the Comptroller of the Currency, Regulatory /

Federal bank regulators on Thursday introduced proposals to overhaul capital rules, affecting how depositories treat mortgage assets. The package includes three measures: revisions to the Basel III framework for large, internationally active banks; changes to the Global Systemically Important Bank (GSIB) surcharge; and updates to the U.S. standardized approach. A broader Basel III proposal introduced in 2023 […]

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Banks eye bigger role in mortgages as regulators reconsider capital rules

AmeriHome, Bank of America, Banking, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, Origination, Regulatory, U.S. Bank /

Top banks in the mortgage space, which have relied on a similar playbook for years, say they could become more active if upcoming changes to capital rules provide more flexibility, several industry executives told HousingWire. But any shift in strategy is expected to take time. Depositories typically focus on their existing customer base, ranging from

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Morgan Stanley cuts 2,500 jobs across divisions

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Morgan Stanley’s reported layoff of about 3% of its workforce — roughly 2,500 employees — is affecting some staff working on mortgage origination services for wealth management clients. The bank is cutting positions across its estimated 83,000-employee global workforce due to shifts in business priorities, geographic strategy changes and individual job performance considerations, people familiar

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Trade groups push for lower MSR capital charges, tailored mortgage risk weights

Banking, basel III, Federal Deposit Insurance Corporation, Federal Reserve, HWmember, Mortgage, Mortgage Bankers Association, MSRs, Office of the Comptroller of the Currency, Regulatory, Regulatory Compliance /

Eight trade groups representing lenders are urging federal regulators to revise bank capital rules by adopting a more tailored risk weight for mortgages held on balance sheets and by significantly cutting the capital charge applied to mortgage servicing rights (MSRs). In a letter sent Friday to the Federal Reserve, the Federal Deposit Insurance Corp. and the

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Huntington Bank’s Carolyn Gorman on expanded mortgage footprint with Cadence, Veritex partnerships

Banking, HWmember, Loan Officer, Mergers and Acquisitions, Mortgage, Origination, Partnerships, Texas /

Huntington Bank — which is poised to become a $280 billion institution after its acquisitions of Cadence Bank and Veritex Bank — is aggressively expanding its mortgage footprint across Texas and the Southeast while emphasizing a “partnership” culture over a traditional acquisition model. That’s according to Carolyn Gorman, the bank’s senior vice president and mortgage

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New Fed proposals could reshape mortgage capital requirements

Banking, basel III, Federal Reserve, HWmember, Keefe, Bruyette & Woods, LendingLife, Mortgage, Mortgage Servicing, MSRs, Regulatory, Regulatory Compliance /

Regulatory changes to how banks treat mortgage assets — anticipated this week by Federal Reserve Vice Chair Michelle Bowman — may have an impact on the mortgage market over time, analysts said. “The near-term impact on the mortgage market is likely to be somewhat limited,” Keefe, Bruyette & Woods (KBW) analysts wrote in a report

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Fifth Third buys Comerica in nearly $11B deal

Banking, Fifth Third Bancorp, HWmember, Mergers and Acquisitions, Regulatory /

Fifth Third and Comerica announced on Monday that they have signed a definitive merger agreement in an all-stock transaction valued at $10.9 billion, creating the nation’s ninth-largest bank with approximately $288 billion in assets. Comerica’s website detailed that shareholders will receive 1.8663 Fifth Third shares for each Comerica share, valuing the deal at $82.88 per

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