Fiserv, Brookfield, Wis., has reported net income of $95.0 million ($0.48 per share) for the second quarter, up from $78.4 million ($0.40 per share) a year earlier.Fiserv's processing and services revenues came in at $855.9 million for the quarter, a 33% increase over the $643.9 million for the second quarter of 2003. Fiserv can be found on the Web at http://www.fiserv.com.
Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
