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Washington Trust shares plunged after the Westerly, Rhode Island, company disclosed it booked an office deal in the third quarter, boosting the size of its portfolio while other lenders are pulling back.

The number of sellers it works with in the correspondent channel has grown due to pending capital requirements affecting larger depositories' interest in loans.

First American Financial agreed to pay the New York Attorney General $4.5 million to resolve no-poaching agreement allegations; Old Republic, the first, paid just $1 million.

Large language models were a big part of the discussion during the company's earnings call on Thursday.

Even though it is less than two years since it allowed Fannie Mae and Freddie Mac to accept such valuations, it is difficult to evaluate their effectiveness without such examinations.

Consumer spending has driven core inflation metrics to their highest levels in months, according to data released by the Bureau of Economic Analysis. Higher inflation will likely serve as a signal to the Federal Reserve to maintain high interest rates.

The support of Och potentially puts an end to a bidding war that pitted Sculptor against hedge fund founder Boaz Weinstein and a group of billionaires, who most recently said they would pay $13.50 for the embattled hedge fund firm.

The mortgage broker must stop doing business in Washington state because of its failure to pass through FHA mortgage insurance payments.

The company posted third-quarter profits of $194 million but gave no details about a potential split of its mortgage business.

CEO Scott Sanborn said it's unclear when demand from banks to buy the fintech's loans will return.