Daily Dose

Just how well-capitalized is JPMorgan Chase? The bank's CEO, Jamie Dimon, tells us exactly how much in his annual letter to shareholders.

Financial reform under Dodd-Frank has taken some heat and even encountered a few setbacks lately, namely the removal of the Financial Stability Oversight Council’s “systemically important financial institution” (SIFI) from MetLife and the Consumer Financial Protection Bureau’s pending trial from PHH Corp.’s appeal of a $109 million penalty handed down last June.

Mortgage interest rates continued their downward pattern this week, reaching their lowest level since February of last year.

The issue of principal reduction has returned to the forefront of housing policy in the last month as current FHFA Director Mel Watt recently announced that he would make a decision in the next 30 days as to whether or not to offer principal reduction.

In his speech at the American Banker Retail Banking Conference in Las Vegas today, Comptroller of the Currency Thomas Curry spoke to the importance of innovation in the financial services industry–especially amidst the constantly changing technological environment.

Pessimistic views on the direction of the economy appears to be affecting consumer sentiment about the housing market.

Rising home prices, home appreciation, favorable affordability, and excellent economic and demographic conditions have set the stage for the top single-family housing markets in the U.S for investors.

There are two factors keeping millennials out of the housing market: rising home prices and a lack of affordable, newly constructed homes for sale.

While most everyone knew the TILA-RESPA Integrated Disclosure regulations would result in delays, not many expected those delays to be so sweeping.

Mortgage affordability has remained mostly favorable, causing demand for homes in the market to rise at a rapid pace but supply remains at a disadvantage.