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The president-elect's Cabinet nominee, Scott Turner, committed his support for affordable housing but also said he would examine the effectiveness of all HUD programs.

Over 300 ex-Flagstar employees, initially acquired by Mr. Cooper, will transition to A&D Mortgage.

The agreement with the Securities and Exchange Commission resolves allegations of employee supervision shortcomings in the bank's capital markets division.

Scott Bessent, Donald Trump's pick to serve as Treasury Secretary, handled a policy-heavy confirmation hearing with poise, highlighting his preference for relaxed bank regulation, support of the 2017 Trump tax cuts and a hawkish approach to spending.

The non-QM segment industry-wide had a 25% increase in issuance dollar volume during 2024 as market conditions for private-label securitization were better.

The 30-year fixed rate mortgage topped 7% for the first time since last May, although late in the week, the 10-year Treasury peaked before reversing course.

The removal of the fourth-quarter implementation date also impacts the planned addition of a bi-merge report option.

The nominee to lead Federal Housing Finance is head of Pulte Capital Partners, which invests in homebuilding related businesses.

The insurance market going into the Jan. 7 catastrophe already had been hit with non-renewals and cancellations -- and an overburdened state-supported insurance plan. A Morningstar analyst said the state insurance commissioner's reform strategy could have turned it around but now faces new obstacles.

With the Federal Reserve touting a slower pace of easing, markets are expecting a longer pause. But Gov. Christopher Waller said the next interest rate reduction could come as soon as March because of inflation data.

Hedge fund manager Scott Bessent, President-elect Donald Trump's pick for Treasury Secretary, will appear before the Senate Finance Committee for his confirmation hearing Thursday morning starting at 10:30 am.

The FCC is advising homeowners nationwide to stay alert for scam calls impersonating their mortgage lenders, particularly if they have applied for loan relief.

The Senate Banking Committee Chair launched an agenda that puts agencies on a shorter leash and separately took aim at the FHFA recent moves.

A former NFL player and representative in the Texas Legislature, Turner served in the first Trump term to lead development in "opportunity zones."

The incoming Trump administration's 'agency review team' has landed and is expected to name an acting director of the Consumer Financial Protection Bureau. Republicans on the Federal Deposit Insurance Corp. or the Federal Trade Commission are among the most likely candidates.

Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." But he said executives "don't want to get ahead of ourselves."

Gov. Gavin Newsom modeled his latest order on a similar ban imposed in Hawaii following the 2023 Maui wildfire that aimed to protect community wealth.

Without admitting wrongdoing, Equifax agreed to pay $725,000 because of a three-week error which lowered credit scores for 77,000 New Yorkers.

The Supreme Court heard oral arguments in Thompson v. United States, which could decide whether the federal government can prosecute "misleading" in addition to "false" statements to the Federal Deposit Insurance Corp.

Lawsuits challenging the Consumer Financial Protection Bureau's final rule on medical debt are the latest issues facing banks ahead of Donald Trump's return.