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The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday.
February 4
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The newly created entity, Rithm Acquisition, is a possible, albeit unlikely, way to finally take its NewRez mortgage lending business public.
February 4
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Some mortgage stakeholders say Trump's tariffs would make interest rates rise and housing costs shoot up.
February 4
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Desmond will be succeeding Pierre Naudé in leading the bank technology provider.
February 4
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Donald Trump's second administration is widely expected to be far less skeptical of bank mergers than the Biden administration has been, but industry experts say that political opposition to big bank mergers and business considerations will still be roadblocks.
February 4
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The move extends the technology company beyond origination functions by pairing it with a former Mortgage Builder platform its parent company also owns.
February 4
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Excess capacity remains in the mortgage origination cycle, and lenders need to cut costs and end the boom-and-bust hiring, Boston Consulting Group said.
February 4
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Mr. Cooper is set to launch a pilot program by midyear, integrating previously released components into a unified platform.
February 4
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The mortgage securities guarantor told the Government Accountability Office it was held back by the limits of its role and information sharing constraints.
February 3
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Treasury Secretary Scott Bessent, who was named to be acting director of the Consumer Financial Protection Bureau, has told the agency's staff to put a halt to all rules, enforcement actions and hiring.
February 3
