Potential policy changes, a growing product niche, new thinking about whether to outsource and technology innovations are transforming the industry.
The announcement came as a Federal Trade Commission suit to halt the deal became more likely.
Declines in mortgage servicing rights valuations at JPMorgan Chase and Wells Fargo point to the resurgence of a dilemma that came up during the last downturn.
Growth in conventional originations at U.S. banks came with the unexpectedly rapid rise of 30-year fixed interest rates in 2022, Federal Reserve researchers found.
Poor credit is a barrier for many Black homebuyers, blocking them from mortgages and contributing to racial gaps in homeownership.
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The Department of Justice said in a court filing Friday that a February stop-work order from acting Consumer Financial Protection Bureau Director Russell Vought did not entail stopping statutorily mandated work by the bureau, defying earlier testimony.
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The FBI intervened in the incident, which a lawyer for the company's CEO said was a response to another man's actions.
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Republican lawmakers, mulling a new partial claim proposal, slammed the expiring program that has purchased thousands of mortgages as Biden-era overreach.
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The central bank wants to let Trump's policies play out across the economy before deciding which way to move interest rates, and it's too soon to know what the impacts will be, the Federal Reserve chair said.
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Duncan announced the launch of a new company in a social media post in early April after retiring from the government-sponsored enterprise at the end of 2024.
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The GOP side of the Banking Committee, led by Sen. Tim Scott, asks FHFA head Bill Pulte to "aggressively" reduce waste at the government-sponsored enterprises.
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We're hearing bulk sales of REO might not be a panacea for unburdening the industrys huge foreclosed backlog after all.
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Despite numerous reports indicating a decline in foreclosure inventory, bank repossessions, auction sales or some other form of foreclosure filing were up 3% in January over the previous month.
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At their best, these Consumer Financial Protection Bureau rules will provide some stability and confidence in how lenders must behave moving forward.
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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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