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The megabank's net income declined by 13% during the fourth quarter as a result of a $1.2 billion pretax loss on sale related to the divestiture of its remaining operations in Russia.

The contract rate on a 30-year mortgage dropped 7 basis points to 6.18% in the week ended Jan. 9, according to Mortgage Bankers Association data released Wednesday.

Contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since February 2023, according to figures released Wednesday by the National Association of Realtors.

Over 46% of mortgage transactions examined had at least one significant wire fraud or title risk, with 3.2 findings per transaction, Fundingshield said.

In the fourth quarter of 2025, America's second-largest bank posted earnings that came in just above Wall Street's forecasts.

Titl hopes to standardize and connect property records through a centralized, digitized U.S. registry, which would lead to reduced closing times and costs.

Total lock volume increased 2% from November and finished 30% higher than last December, according to Optimal Blue's latest Market Advantage report.

Kelman chose to step down from the company, which he had spent 20 years running, a week before its second phase of integration with Rocket.

The bank did $16 billion of originations during the final three months of 2025, with the quarter-to-quarter increase beating industry-wide growth forecasts.

Omuso D. George is president and CEO of the Association of Military Banks of America. He is a retired U.S. Army brigadier general.