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The partnership also includes a $50 million equity investment in Finance of America, securing long-term alignment between the companies.
After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said.
For 2026, the mortgage industry operating environment will improve, while nonbank financial metrics should be within Fitch's rating criteria sensitivities.
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
The executive order described state legislation on artificial intelligence as a cumbersome patchwork, and pledged to develop a national framework.
The Department of Housing and Urban Development announced the FHA-insured loan caps for low- and high-cost areas, which are set based on conforming loan limits.
