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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
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The company, which became a depository in 2022, will be offering affordable housing products and initiatives in 45 states and the District of Columbia.
February 3
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The president has named Treasury Secretary Scott Bessent to run the Consumer Financial Protection Bureau on an acting basis after firing CFPB Director Rohit Chopra over the weekend.
February 3
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The wholesale and non qm lender said it's placed Serene Vernon on administrative leave and elevated capital markets officer John Hamel to the role of president.
February 3
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After repeatedly blasting Janet Yellen last year over her department's strategy for issuing federal debt, it's now up to Scott Bessent to make the call on sales of Treasuries, with bond dealers conflicted over what he'll do in a pivotal release due Wednesday.
February 3
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Homeownership increased the most in Connecticut between 2019 and 2024.
February 3
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While it is still early to see the full impact on delinquencies, 5% fewer borrowers in these areas made their monthly mortgage payment by Jan. 17.
February 3
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US President Donald Trump is planning to slap tariffs on goods from Canada and Mexico on Saturday. Now comes the guessing game of how they will affect the global stock market.
February 2
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The Consumer Financial Protection Bureau's Rohit Chopra in a letter to President Donald Trump confirmed that his "term as CFPB Director has concluded."
February 1
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The deal has a step-up coupon feature that calls for the fixed rates on classes A1, A2 and A3 to increase by 100 basis points, subject to the net weighted average coupon (WAC) after four years.
January 31
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President Donald Trump said he would impose tariffs on a wide range of imports, including oil and metals, in the coming months, expanding his plans to enact sweeping trade levies well beyond those set to hit China, Canada and Mexico on Saturday.
January 31
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The regulator has a projected fiscal year 2025 budget of $810 million, according to a nonpartisan analysis.
January 31
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Close to 88% of all homeowners reported staying in the same home year-over-year compared to 85.1% reported a decade ago, per U.S. Census data.
January 31
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The Federal Home Loan Bank called the transition to special policy advisor a joint decision between the executive and board as new reviews in Washington start.
January 31
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The Trump administration's Office of Personnel Management sent a memo of frequently asked questions encouraging civil servants to go on vacation and even take a second job, which in some instances is contrary to longstanding agency conflict-of-interest rules.
January 31
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In a Friday speech, Federal Reserve Board member Michelle Bowman said regulation and supervision should be aimed at expanding banking access, not limiting it.
January 31
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The Federal Reserve's preferred measure of underlying inflation remained muted in December and real incomes were soft, which should support further reductions in interest rates this year.
January 31
