- Sep 16-17, 2025|San Diego, CA
The Long Island-based company's second-quarter net loss was the seventh consecutive quarter in which it has reported a net loss. CEO Joseph Otting remained optimistic Friday about the bank's future, saying it should return to profitability in the fourth quarter.
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The labor market was a bigger point of discussion in the Federal Reserve's most recent monetary policy-setting meeting, but officials were divided about the path of future actions.
July 9
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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.
July 9
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Poor credit is a barrier for many Black homebuyers, blocking them from mortgages and contributing to racial gaps in homeownership.
July 9
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New Jersey state lawmakers have introduced a state-level Community Reinvestment Act that would include online lenders and credit unions — who are exempt from the federal law — in its scope.
July 9
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While still remaining relatively bullish on the sector because of its strong performance year-to-date, all five companies' stock outlook is at "market perform."
July 9
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 share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11
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Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11
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The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11
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The Department of Housing and Urban Development reiterated it has withdrawn a number of FHA mortgagee letters related to appraisals.
July 11
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Bilt raised $250 million in the funding round led by General Catalyst and real estate investor GID, which were joined by home lender United Wholesale Mortgage, it said in the letter.
July 11
