The bank was already mulling headcount and compensation reductions in early September.

The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."

More incentives are coming for servicers as a greater number of distressed borrowers get expanded access to more affordable, streamlined modifications.

The Long Island company is closing 69% of the retail home lending offices previously operated by Flagstar Bancorp. New York Community recently acquired Flagstar for $2.6 billion.

The Consumer Financial Protection Bureau's data-access rule could create an uneven playing field because banks and credit unions are examined by regulators but hundreds of nonbank fintechs are not.

Repo markets and the bank deposit business, in particular, would be upended if the U.S. were to default on its debt, experts say.

Approximately 20 million U.S. residents – the majority of which were Gen Zers – took out their first debt product between the start of 2019 and mid-2022, a TransUnion study found.

Northern and East Coast towns have replaced hotspots of the past two years in Florida and the Rocky Mountains region.

Several providers, including BlockFi and Celsius, have filed for bankruptcy in recent months. But this does not necessarily spell gloom and doom for the industry.

LOs are building relationships to hesitant consumers by offering seminars and online videos that answer the questions they're afraid to ask.

Gen Zers and millennials want to "test drive" potential long-term living arrangements and neighborhoods, Javelin Strategy and Research found in a recent survey.

The Pittsburgh bank posted a solid profit and said that it expects continued loan growth. But the pace of business expansion could slow alongside an economic downturn.

For those willing to experiment with the strategy, it could be a long-term differentiator.

The impact of climate change is rippling through the mortgage industry, prompting calls for a more proactive response to the growing number of challenges.

Greater scrutiny of nonsolicitation clauses and a higher burden for poaching lawsuits is expected, a handful of attorneys said.

One product aims to make it easier to customize connections with consumers, another helps with vendor management and a third helps size up collateral.

The most attractive cities this year count more homes selling under their listing price rather than over it.

A month after the National Community Reinvestment Coalition blasted KeyBank's mortgage lending record to Black borrowers, the group said it will send letters to the Federal Reserve and OCC about its findings.

The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter.

The shift opens the door for regional banks to increase their aggregation activities, analysts said.