Scott Turner, secretary of the Department of Housing and Urban Development, extended borrowers more leeway after he toured the region with a local official.
The loans increased their share to more than 20% of home lending volume in the fourth quarter, compared to just 7% a year earlier.
New Residential Investment Corp., fresh off a substantial first-quarter reduction of its asset holdings, is now planning to securitize the receivables on its $200 billion servicing portfolio of Fannie Mae-owned mortgages.
A Wells Fargo customer was surprised to receive a "cryptic notice" and a cashier's check from the firm compensating him for float fees charged more than a decade ago. A lawsuit followed.
Sean Walters is CEO of the Investments & Wealth Institute.
He has been active in shaping education and standards within the financial advisor profession since 1997 and has worked in senior leadership roles for member-based, nonprofit organizations since 1992.
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Robert Wagnon is retiring and sold his 75% share to long-time mortgage executive Andrina Valdes, while Paulina McGrath remains as co-owner and president.
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In internal shakeup, the Office of the Comptroller of the Currency will unify supervision divisions, revive the Chief National Bank Examiner office, and elevate IT oversight as part of a broader streamlining push.
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Federal Reserve Chair Jerome Powell warned that actions that undermine the apparent stability of the U.S. economy could have lasting effects on its status as a global safe haven.
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Banks ceded their market share of home finance following the Great Recession. Will the current regulatory environment make them more involved players?
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The highly volatile interest rate environment will actually result in higher refinance mortgage volume than previous forecast for 2025 and 2026.
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Chief Operating Officer Joseph Gormley's appointment fills out a thin executive team at the government corporation, which plays a key role in funding mortgages.
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We're hearing about the neighbors. As in who lives in the neighborhood.
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History has demonstrated that mankind was only able to evolve and advance by developing the ability to communicate with others, to work together to achieve common goals to the benefit of all.
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You know the type: The originator who wakes up each morning with absolutely no idea what he's going to do for the day or from where his next loan will come. The originator starts the morning daydreaming about what’s to come over the weekend, or what could happen if he or she were to suddenly have a booming pipeline of business.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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