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The partnership, which is expected to ease lending for bank statement loans, comes as the non-QM sector runs into headwinds.

The package of Fannie Mae, Freddie Mac and Ginnie Mae MSRs has some unusual geographic concentrations and a nearly 2.63% delinquency rate, including foreclosures.

Rohit Chopra, the director of the Consumer Financial Protection Bureau, is laying the groundwork to potentially declare that Facebook and another Big Tech firms pose risks to consumers.

The newly revealed victims were affected by the previously disclosed cyberattack, which went undetected for 41 days between September and December.

StellarFi, Lamine Zarrad’s new startup, covers consumers' utility and other bills when they hit a cash-flow crunch. It then reports their repayments to the credit bureaus.

The transaction formalizes the relationship started by a January investment in both companies by LLR Partners.

High mortgage rates and high prices are starting to slow down the market. Still, tight inventory is keeping values high.

The two megabanks said that their capital requirements will rise in the wake of Federal Reserve stress tests, putting downward pressure on their distributions to shareholders. Meanwhile, Bank of America, Wells Fargo, Goldman Sachs and others announced plans to raise their dividends.

Hafize Gaye Erkan, whose surprise departure from First Republic Bank disrupted the lender’s succession plans earlier this year, will become chief executive officer of Greystone as the closely held commercial-property lender expands into wealth management and private banking.

The company’s new head held the role of chief operating and growth officer before being elevated to the leadership positions on an interim basis earlier this year.