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The massive lender and servicer continues to tout its recapture opportunity, with a quarter of its $700 billion portfolio holding note rates above 6%.
July 22
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A "large institutional investor" will provide funding to assist Rithm in acquiring as much as $1.5 billion worth of residential transition loans.
July 22
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Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020.
July 22
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The company has agreed to sell the MSRs on Aug. 1. Its merger with Mechanics Bank is set to close during the third quarter of this year.
July 21
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The Rhode Island-based bank plans to use artificial intelligence to boost efficiency and improve customer service. "Everything is fair game," said CEO Bruce Van Saun.
July 17
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Recently revived plans for broader use of the repositioned common-securitization platform for monetization purposes may hearken back to past concepts.
July 17
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After the rapid rise of interest rates, election uncertainty and tariff policies stymied borrower demand, some banks' second-quarter results suggest that loan growth may be on its way back.
July 17
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A spike in the bank's noninterest income powered its better-than-expected net income and revenue in the second quarter.
July 16
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CEO Brian Moynihan plans to keep directing some of the bank's excess capital into new market expansions, he said Wednesday. "Organic growth is the reality," given the bank's already dominant U.S. market share, he said.
July 16
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FHFA's move to greenlight VantageScore 4.0 while sidelining FICO 10T has sparked a high-stakes clash over the future of mortgage credit scoring.
July 16
