Finance

The Fed's cut has implications for mortgage companies' costs and the lineup of providers keeps fluctuating.

The megabank's scale hasn't made it immune from the deposit wars that have crimped bank profits. But the "stabilization" that Wells Fargo flagged is a positive sign as other banks start reporting earnings.

The megabank reported a big increase in credit costs for the third quarter, which included a reserve build of $1 billion.

PBB earlier this year became one of the most prominent examples of European banks hit hard by fears that troubles in U.S. property markets are spreading.

Now that earnings season has kicked off, investors will be paying close attention for signs of loan growth and deposit pricing relief, though analysts don't expect improvements to materialize right away.

The higher-than-expected inflation figures will likely amplify the debate whether the Federal Reserve will opt for a small interest-rate cut next month or pause.

Atlas SP Partners — the structured finance business that's key to Apollo Chief Executive Officer Marc Rowan's plan to become a lending machine — has struggled under its new owner since last year's acquisition.

The move comes amid intense regulatory scrutiny of the commercial real estate market that has sparked a tightening of rules for lenders and brokers.

The recent rise in Treasury yields likely has technical drivers in the mortgage-backed bond market.

The agency is disclosing the percentage of unpaid principal balance held by borrowers in rural areas as classified by the U.S. Department of Agriculture.

The Convergence Collaborative, building on a Mortgage Bankers Association initiative in three cities, is seeking innovative solutions to the racial gap problem.

September's news roundup for the mortgage industry includes the impact of the Federal Reserve's rate cut on mortgage appetites, lenders continuing to launch and settle lawsuits and more.

Quantitative tightening has helped to keep mortgage rates elevated, but new concerns over how it impacts market liquidity could lead the Fed to end the program.

Depending on who wins, it will be four years of progressive policy chaos or four years of indifference towards the housing market.

Stephen Scherr starts this week as co-president at Pretium, a major landlord of U.S. single-family homes founded by his former Goldman colleague Don Mullen.

Deer Park has launched its first mortgage fund targeting discounted office debt following a period of elevated interest rates that has hammered valuations.

Jay Venkateswaran, business unit head of banking and financial services at WNS Global Services, said the best lenders are preparing now for expectations of increased business at least two quarters in the future.

Stronger than expected numbers for overall U.S. employment additions have diminished lender hopes for steeper rate drops, and industry hiring has been tepid.

Chief capital markets officer William Chang is stepping down "to explore new opportunities within the mortgage banking sector."

A federal judge denied class certification to investors who blame stock losses on misleading statements by executives.