Florida Association of Mortgage Professionals 2013 Annual Convention

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Secondary markets

Fed, not GSEs, should be mortgage securities backstop: BofA

Now that quantitative tightening is ending, the debate on who should be the MBS buyer of last resort, Fannie Mae and Freddie Mac, or the Fed, is taking hold

By Brad Finkelstein

19m ago
Federal Reserve

Fed's Cook strikes hawkish tone in rare appearance

In her first public appearance since President Trump moved to fire her from the Federal Reserve Board of Governors, Fed Gov. Lisa Cook reiterated her commitment to bringing inflation under 2% and said that the labor market remains "solid."

By Maria Volkova

58m ago
Originations

Refis revive mortgage market, but trouble's brewing

Refinancing pushed mortgage originations higher as rates eased, and home equity lending kept growing, but rising delinquencies signal mounting borrower stress.

By Colin McNamara

1h ago
CRA

$100M affordable housing fund is 'just the beginning'

Financial literacy advocate John Hope Bryant has joined with a Los Angeles-based developer in an effort to raise up to $300 million from banks to preserve and construct low-income housing around the country.

By John Reosti

2h ago
Artificial intelligence

How Wells Fargo is building agentic AI into its workflows

AI is transforming legacy modernization efforts as Wells Fargo builds systems for agents to take on humanlike tasks and interact with one another.

By Suman Bhattacharyya

3h ago
Industry News

Robinhood, Sage Home Loans enter lending partnership

A successful summer pilot led to wider rollout of a program, whereby Robinhood Gold subscribers will be able to find discounted rates and closing costs.

By Spencer Lee

11h ago