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The company, which had been spun off to specialize in services for distressed real-estate investment vehicles, will acquire alternative mortgages and seek opportunities in crypto-enabled ATMs.

Banking executives and analysts worry that the Federal Reserve's aggressive plan to raise interest rates will be insufficient to tame inflation and overcome economic fallout from the war in Ukraine.

Federal Reserve Chair Jerome Powell said the central bank will take the “necessary steps” to get inflation down even if that means increasing interest rates more rapidly than currently anticipated and eventually to levels that slow the broader economy.

Leaders with the top-ranked lenders discuss strategies for keeping their employees engaged as the industry adjusts to rapid changes.

An audit found that mostly wealthy, white homeowners in urban counties were benefiting from the century-old policy.

The move away from the scandal-plagued London interbank offered rate is going smoothly, according to a new survey of lenders and corporate borrowers. But many customers still face operational challenges ahead of a mid-2023 deadline for switching older loans.

Non-agency loan expert Bill Dallas will transition to serving as an advisor to the parent company’s CEO for the coming year.

Private-market loans nudged the total number up during a processing lull, according to Black Knight.

Shrinking inventory of homes for sale and higher demand motivated by rising mortgage rates spurred buyers into action, the company found.

In an update to an exam manual, the Consumer Financial Protection Bureau says racial or other bias associated with a wide range of financial products — not just credit — is illegal and subject to CFPB enforcement actions.