It appears the nonperforming loan market is once again heating up. Investors in NPLs say over the past few weeks they've seen an increase in offerings by sellers -- and that deals are actually getting done. "It's not like it used to be when sellers were just testing the waters," said one West Coast based NPL investor, requesting anonymity. "I actually might go out and raise more money for my fund." However, there is one "caveat" in this good news. The improvement in activity is for smaller sales only -- portfolios of $50 million or less...
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Record lending drove a top-line gain on the year but one-time costs from reverse mortgage servicing sales as negative fair value changes hurt the bottom line.
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As generative and agentic AI gain traction, the possibility of model drift grows, with consequences ranging from poor loan decisions to reputational hits.
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The bill, which is meant to free up housing supply locked in by high mortgage rates, does not include assumable mortgages which stick with the property.
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The lender disclosed a big investment, plus hefty, albeit declining, origination volume but revealed a major hedge-related net loss it blamed on the failed bid.
August 5 -
The online lender said its national bank will become the "primary originator," displacing the banks that are lenders of record. Loan buyers keep their role.
August 5 -
Supporters of mutual banks are lining up behind a proposed regulatory overhaul. The Fed's plan would make it easier for depositor-owned banks to raise capital.
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