Navy Federal Credit Union will not pay a $15 million fine or $80 million in restitution to service members who were illegally charged surprise overdraft fees when their accounts had sufficient funds.
The defendants are seeking more detailed information about what the bureau found as far as the extent of the alleged staff licensing violations.
More than half of respondents to a recent Arizent survey think one-stop shops will be the biggest disruptor in the next three years, followed by all-cash purchase programs and iBuyers.
Banks and credit unions are pairing AI-driven efficiency with stable staffing and cross-training to scale mortgage production as originations rebound and technology expands capacity.
More mortgage professionals told National Mortgage News they expect their companies to hire, or stand pat, rather than fire workers this year.
The top employers in home lending value business partners with a large market share and reach but they also need to differentiate themselves.
These home lenders with 500 or more employees are considered among their staffs the best mortgage company to work for in 2026.
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Prior to the earnings release, Finance of America announced it was buying out Blackstone's equity stake in the mortgage lender for $80 million.
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Groups like the Mortgage Bankers Association and National Housing Conference welcomed the decision to increase the secondary market for the credits.
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Americans now hold $34.5T in home equity, fueling a surge in home equity loans as lenders race to capitalize on rising property values.
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President Trump in an interview Tuesday morning railed against big banks for allegedly discriminating against conservatives, a notable shift in tone that puts more responsibility for the debanking debacle on banks rather than regulators.
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GSE loans acquired in the period have higher loan-to-value and debt-to-income ratios and lower credit scores, which Milliman said boosted serious default risk.
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Late-payment rates among U.S. borrowers rose again in the second quarter, according to a report from the New York Fed. The trend reflects a sharp increase in student loan delinquencies, which have been climbing as pandemic-era policies have expired.
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While the housing market is slowly picking up steam, there is still a very large inventory of distressed loans that pose a potential risk to the mortgage industry.
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Servicers are still finding ways to cope with heightened regulatory scrutiny and continue to evaluate options to increase efficiencies while maintaining legal compliance.
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Tighter underwriting standards, strong farm income and relatively low loan-to-value ratios should provide a cushion if a downturn occurs.
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UPCOMING LIVESTREAMThursday, April 30, 20261:00 p.m. / 10:00 a.m.José Torres, senior economist at Interactive Brokers, breaks down the FOMC decision and Fed Chair Jerome Powell's press conference.
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ON-DEMAND VIDEOSean Snaith, Director of the Institute for Economic Forecasting at the University of Central Florida, will provide insight into the FOMC meeting.
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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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