Organization Root Tag

The wholesale lender introduced two new products to brokers and a $800 million debt offering to drum up cash.

The share of underwater mortgages also grew for the first time in almost two years during the third quarter, Corelogic found.

The Financial Stability Oversight Council's annual report underscores mounting challenges in commercial real estate, escalating cyber threats, and regulatory gaps in third-party services and stablecoins, urging stronger oversight and legislative action.

Valverde, who has a wide range of experience in capital markets and housing finance, will join the government-sponsored enterprise's single-family unit.

Economic forecasts include the possibility of higher inflation and slower growth that could stall future cuts to the federal fund rates.

The Toronto-based bank suspended its medium-term growth targets and announced a full-scale review of its strategies following historic anti-money-laundering failures.

Rocket argues it was unfairly tied to discrimination accusations, arguing the government aimed for "headline-grabbing claims" to bolster its case.

Underwriting methods have been steadily shifting to traditional full documentation, which accounts for 13.3% in the VERUS 2024-9, KBRA said, its largest share since VERUS 2024-6.

President-elect Donald Trump is nominating Frank Bisignano, the chief executive officer of fintech and payments company Fiserv Inc., to be the commissioner of the Social Security Administration.

The development marks another step in eNote adoption at government housing agencies following an announcement allowing commingled Ginnie Mae securitized pools earlier this year.

Rocket Mortgage is also allowing customers to use automated valuation models in lieu of appraisal for loans up to $400,000.

The news comes weeks after the servicing fintech announced its latest venture capital raise.

Federal Reserve Gov. Christopher Waller said the central bank's last framework review was too focused on the post-global financial crisis period and difficult to explain.

Redfin data supports findings from this summer when a significant share of buyers said they would move on purchases only after the election.

Yields on the U.S. five-year note added as much as six basis points to 4.10% after tumbling a quarter-percentage-point last week. 

The Consumer Financial Protection Bureau has long been a target for conservative ire, but dismantling it would require Congress' cooperation.

"Delete CFPB. There are too many duplicative regulatory agencies," Musk wrote in a post on X. 

The latest plans include details on promoting housing development in underserved areas and increasing secondary market access to rural institutions.

The trade group agreed to the settlement in March, which included paying $418 million to settle claims.

Expanded data shows home prices rose over 5% annually at the end of the third quarter, prompting the FHFA to boost mortgage loan limits accordingly.