Finance

The bank holding company is taking the business purpose lender into the corporate fold and out of its own silo, executives said.

Alanna McCargo, president of the housing agency, is fulfilling her pledge to halve the waiting time for reperforming loans.

The Federal Housing Finance Agency will be looking at the government-sponsored enterprises as a means of doing more to address renter affordability challenges.

Foreclosure prevention actions overall fell for the sixth time in seven months in October, according to the FHFA.

The Federal Reserve's quantitative-tightening program risks being propelled toward an early end as U.S. politicians bicker in Washington over raising the national debt limit, according to some economists and bond market participants.

The breaks for some lower-income borrowers are welcomed, but the use of debt-to-income as a differentiator could complicate originations at a challenging time, lenders say.

Currently, there's no standard mechanism for lenders to easily access this information.

The government agency is also allowing the use of certain alternative audit procedures to continue.

Updates will become effective on May 1 and a uniform mortgage-backed securities fee reduction will begin on April 1.

Both Silvergate and Signature banks, two of the most active crypto counterparties in the banking sector, received advances from the quasi-governmental lenders to offset falling deposits.

The Pittsburgh bank posted a solid profit and said that it expects continued loan growth. But the pace of business expansion could slow alongside an economic downturn.

Far bigger transactions were rumored to be brewing in line with megabank Wells Fargo's recent announcement it'll be reducing its portfolio.

For those willing to experiment with the strategy, it could be a long-term differentiator.

The latest month's volume was more than $20 billion lower than in March 2020.

Signature Bank of New York is pulling back from crypto deposits and has increased borrowings from the Federal Home Loan Bank of New York.

While mortgage and real estate startups currently face a challenging environment in seeking investors, some companies are finding venture capital.

Analysts questioned whether the reductions could have a negative impact in terms of scale, but executives said the move has financial advantages — more so than its correspondent exit.

The transactions, combined with news Wells Fargo will be shedding some mortgage servicing rights, add to indications that prices for investors may be more favorable this year.

Among its major accomplishments in the past year were an update to its Reference Model, the foundation for most of its standards.

MSR trading is picking up a little from its seasonal lull but values may not get as high as they did last year, some experts say.