In a speech at the American Bankers Association Washington Summit Wednesday morning, Treasury Secretary Scott Bessent downplayed economic risks from tariffs, floated capital reforms and urged regulatory relief for community banks.
With the appointment, interim leader Bill Emerson will take over the role of president and chief operating officer, while Bob Walters announced his retirement.
While loan performance is improving in aggregate, some borrowers remained unaware of the relief available or were unable to access it, according to the Research Institute for Housing America.
Both originations and servicing segments contributed to the second-quarter's positive numbers, with production up by over 14% year over year.
President Trump said Thursday that he will nominate Stephen Miran, who currently serves as chair of the White House Council of Economic Advisers, as the next member of the Federal Reserve Board of Governors. Miran is a key architect of President Donald Trump's tariff policy.
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Rocket Companies and Redfin argue in court filings that a lawsuit seeking to delay their merger is motivated by the plaintiff's personal gain, not concern for investors.
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Despite data pointing to overall health, concerns about the direction of the economy are raised among consumers, businesses and investors alike, the Fed governor said.
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The Consumer Financial Protection Bureau has withdrawn guidance that allowed states to bring enforcement actions broadly under federal consumer protection laws.
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COO Joseph Gormley weighed in on cuts at the securitization guarantor and efforts to improve the industry's efficiencies and the government's.
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The Mortgage Bankers Association latest forecast reflects the industry's current views on where their business is going, said Mike Fratantoni.
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Mortgage brokers say hurdles more pressing than a high interest rate environment range from nationwide inventory shortages to property tax increases.
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In the preliminary stages, lenders may not yet know what they need, much less want.
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Mortgage Investors Corp., St. Petersburg, Fla, received the largest fine in Federal Trade Commission history for Do Not Call list violations.
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We're hearing from New York where the attorney general recently filed a law suit against HSBC alleging things which, if true, could help explain why judicial foreclosures take so long.
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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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