Finance

The real estate investment trust and correspondent lender also anticipates improved subservicing costs due to a larger trend in the mortgage market.

This is the first RTL transaction for Roc360 Real Estate Income Trust, the deal's sponsor, in three years. Also, it is Roc360's first rated RTL transaction.

Price tags for the industry leaders' homes either stayed the same or declined from the same time a year ago.

The company's earnings looked more favorable when adjusted for the one-time charge, and it reported record levels of liquidity during the quarter.

The danger for the central bankers is that "they go too fast or too slow and that risk is higher now than it was six months ago," BofA Chief Executive Brian Moynihan said.

The correspondent giant says it has over 4,400 approved brokers, and technology rivaling channel leaders Rocket Pro TPO and United Wholesale Mortgage.

The bank had asked for partial summary judgment on an Administrative Procedures Act claim in the case involving its right to some reverse-mortgage collateral.

Recent polling an industry group analyzed points to a range of outcomes that could create opportunities and risks for commercial and residential financing.

The Federal Housing Finance Agency issued a proposed rule for the Federal Home Loan Bank System that allows the FHFA director to set "reasonable" board compensation.

The real estate investment trust, while still separately traded, is now under the Rithm umbrella, and is taking on that brand as well as a new business model.

The Arkansas bank said CRE is no longer its principal growth driver, yet it is still the bank's most prominent business and a big part of its robust lending activity.

Underlying borrowers have accumulated significant amount of home equity in their homes, to a weighted average (WA) original cumulative loan-to-value (CLTV) ratio of 69.5%.

The Cincinnati-based bank aimed for consistency in the third quarter as it built on strategic initiatives. Executives expect "record" net interest income next year.

The Dallas bank has spent the last three years building itself into a new company. Now, it has to prove the investments will pay off.

The North Carolina-based company expects its revenue to outpace expenses next year — a goal that has proven elusive over the five years of Truist's existence.

The Buffalo, New York-based bank said its commercial real estate portfolio continued to shrink, but this was more than offset by business and consumer lending.

The Cleveland-based bank took a hit from a large bond sale, leading to a quarterly loss. But net interest income rose, and the company expects that metric to hit a key milestone in the fourth quarter.

Ginnie Mae and the industry work with multiple agencies and a coordinator would bridge the gap but some question the concentration of power in such a position.

Backflip, a fix-and-flip and residential transition loan originator, added $184 million in new capital from equity and debt transactions, its second raise of the year.

Ginnie Mae is more concerned about a small economic downturn than a large one and is working with other public entities to prepare and survive should it come to pass.