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Sen. Warren: Return FHLBs to housing mission -
Hsu says banks and AI companies should share responsibility for model errors -
Ginnie Mae's Sam Valverde on tackling liquidity hurdles -
CFPB finalizes standard-setting body rules for open banking -
CFPB finalizes new registry to track 'corporate repeat offenders'
- Sep 16-17, 2025|San Diego, CA
The Consumer Financial Protection Bureau cut short a five-year agreement with Bank of America Corp. over the bank's alleged submission of false mortgage data as the significantly curtailed government agency rolls back a bevy of settlements.
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The $1.15 billion agreement earmarked for general corporate purposes can increase to $2.25 billion pending the lender's acquisition of Mr. Cooper.
May 5
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The company took a break from securitization during the first quarter but was able to get a deal done shortly after the fiscal period ended.
May 5
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The Federal Home Loan Bank of Atlanta exceeded its funding commitment by nearly $1 million, while its Dallas counterpart gave out $2 million in 2024.
May 5
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Advisers who work on acquisition deals emphasize the importance of being open and transparent with employees about potential changes and differences in a new workplace.
May 5
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President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority-heavy areas while expanding it for rural areas.
May 2
Only 20% of the Top Producers in the National Mortgage News survey were under 40, while almost half were between 41 and 50, and 30% even older.
Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.
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The funding round will help Button Finance, which leverages AI to underwrite home equity financing, expand its range of products to more borrowers.
May 20
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Starting with the client for life concept, executives from Rocket and CMG Financial described what is happening at their nonbanks to achieve future success.
May 20
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As the Federal Deposit Insurance Corp.'s Deposit Insurance Fund inches toward replenishment, acting Chair Travis Hill suggested that banks should be assessed on a range of metrics rather than insured deposits alone.
May 20
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Discrepancies between servicer and investor systems have been rare recently but the dollar amounts involved magnify the impact, according to PMSI's CEO.
May 20
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Months after OceanFirst Financial settled federal redlining allegations, it received the highest possible Community Reinvestment Act rating from the Office of the Comptroller of the Currency. CEO Christopher Maher said the bank made a "significant effort" to introduce its lending products to markets it had recently entered via acquisition.
May 20
