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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.
August 5
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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.
August 5
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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.
August 5
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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.
August 5
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The real estate investment trust this spring purchased $147 million of loans including HELOCs, completed two securitizations and closed a senior note offering.
August 5
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A Texas federal court ruled that borrowers suing Mr. Cooper over its data breach in 2023 had "sufficiently alleged injury," thus refusing to dismiss parts of the case.
August 5
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The fintech firm announced it has taken the first formal step in going public via the filing of a draft registration statement on S-1 with the SEC.
August 5
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The forward-flow agreement with the lending fintech comes as home renovation spending surged during the first half of this decade.
August 5
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Volatility hiked MSR hedging costs and hurt origination margins. But net income to common shareholders almost matched that seen during the previous quarter.
August 5
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The president said he would soon announce a replacement for departing Fed Gov. Adriana Kugler, adding that it's a "possibility" that his selection for that seat on the Federal Reserve Board will be tapped as the next Fed Chair.
August 5
