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First American Title co-president abruptly departs

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Kevin Wall, co-president of First American Title Insurance Co., has abruptly exited his role from the largest individual underwriter in the nation, the company confirmed. His departure was first reported by Inside Mortgage Finance. Wall also headed up the company’s Agent/Lender Group, which consists of the Agency, Mortgage Solutions, Docutech, First American India, Servicemac and […]

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Jerome Powell

Powell says Fed will revisit Basel III capital rules

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Federal Reserve Chair Jerome Powell.Bloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said that the central bank will consider a Basel III endgame proposal — in addition to the nascent leverage ratio proposal being unveiled later in the day — as part of bank regulators’ deregulation push during the Trump administration.  Powell, speaking before

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Nonbank servicing standards apply to 99% of market: CSBS

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In the nearly five years since they were first proposed, only 11 states have fully adopted the Conference of State Bank Supervisors’ prudential standards for nonbank mortgage servicers. Yet because of multistate examinations, these rules apply to 99% of nondepository mortgage servicers. The standards first went out for comment in October 2020, with 17 organizations

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