BNY Mellon CEO urges higher mortgage loan standards NEW YORK, Nov 8 (Reuters) – Bank of New York Mellon Chief Executive Robert Kelly, deploring the crisis in the U.S. housing market, on Monday said regulators should demand higher underwriting standards and require bank lenders to retain half of the loans they make on their balance [...]

Loan defaults leading to lower home appraisals Home buyers and owners across the country are having appraisal problems. Some buyers are denied mortgages because the properties they want to purchase have been appraised for less than the agreed-upon price. Many owners trying to refinance are being rejected because lower appraisals are eliminating the equity they [...]