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The lender and servicer, which posted stronger originations, suggested more efficient production with improvements including renegotiated vendor contracts.
August 7
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Both originations and servicing segments contributed to the second-quarter's positive numbers, with production up by over 14% year over year.
August 7
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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.
August 7
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President Trump's imposition of sweeping tariffs on more than 90 countries Thursday represents a major shift in the U.S. trade stance, but the impact on inflation, the Federal Reserve and the economy are still unclear.
August 7
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The suit accuses Wells Fargo of digital redlining via its proprietary underwriting system from 2018 to 2022.
August 7
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The executive order tells banking regulators to examine banks for signs of politically motivated account denials.
August 7
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The survey shows that Americans are more confident in their own finances, though most still expect home prices and mortgage rates to rise over the next year.
August 7
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July's surprising jobs report helped drive Treasury yields and corresponding rates lower, opening up a window of opportunity for borrowers to capitalize.
August 7
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In the second quarter, the nation's largest originator funded $39.7 billion in mortgages, including $27.3 billion in purchase loans.
August 7
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The company, which is projecting adjusted EBITDA profit next fall, saw its Neo Home Loans arm more than double its production from the first quarter.
August 7
