Banking regulators missed a major loophole in proposed capital rules
As written, new capital standards for U.S. banks fail to account for the additional risk posed by many home loan clients who obtain second mortgages. Fixing the problem will significantly reduce the rule's benefit to banks.
More deed theft laws pass, but most states are still lagging
Three more states passed title fraud legislation this past quarter, but over two dozen states are either still mulling reforms or have no relevant statutes.
Chase, Wells, BofA post strong Q2 mortgage gains
Industry economists and analysts were predicting single digit quarter-to-quarter gains, but a trio of large banks had an over 30% rise in mortgage volume.
Pamela Heman
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