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According to an order by the SEC, the bank negligently under-reported what it knew about a data breach and ransomware attack it suffered that year.
December 17 -
The sales pace of new constructions in November was the third highest this year, according to the Mortgage Bankers Association.
December 17 -
Bon Salle has more than 30 years of experience in areas that include the mortgage capital markets, and has served on the board at industry fintech Polly.
December 17 -
A week ahead of inauguration day, Scott Colbert, executive vice president, director of fixed income and chief economist at Commerce Trust, takes a look at how the Federal Reserve and the economy will fare in President-elect Donald Trump's second run in the White House.
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Independent mortgage banks see value in utilizing AI to solve mundane tasks, but some are reluctant to go all in because of the tough market for originations.
December 17 -
American Mortgage Network accused CCM of racketeering for running a "transition desk" to divert loans, claims a judge dismissed.
December 16 -
The Texas Department of Savings and Mortgage Lending is requiring loan officers to notify borrowers if their contact information was obtained through trigger leads.
December 16 -
Unlike some recent RMBS deals, both exclude riskier interest-only loans and those supporting investment properties.
December 16 -
The bank ends the year with a substantially different profile from early 2024, which brought new leadership, a significant reduction to its mortgage operations and a corporate rebrand.
December 16 -
Mortgage originators should expect more of those interest rate dips that took place in September, but when they happen is the unknown factor, economists said.
December 16 -
Known as a pragmatic moderate before arriving at the Fed, Vice Chair for Supervision Michael Barr is now synonymous with an aggressive and divisive approach to bank regulation. Can he still accomplish his goals under President Trump?
December 16 -
The correspondent lender says the mortgage cooperative is motivated by its parent Altisource Portfolio Solution's financial struggles.
December 16 -
President-elect Trump's victory comes with the support of a Republican Congress. Also in November, many states voted on local property tax matters.
December 16 -
More than half of all borrowers used discount points for mortgages that year, including two-thirds of refinance customers.
December 16 -
Gross profit returns fell in a range that could easily be erased on renovation, mortgage and tax charges, Attom said.
December 13 -
PHH Mortgage announced it will be using the San Francisco-based technology company's Mortgage Suite, including Loan Officer Toolkit and Blend Close.
December 13 -
The Federal Housing Administration is giving mortgage companies it works with a break when it comes to certain early-payment defaults in official disaster areas.
December 13 -
From mail theft to video games, a variety of trends shaped scams and fraud in 2024 — and made the schemes more expensive for everyone.
December 13 -
The post-pandemic increase in consumers falling behind on their credit card bills seems to be tapering off. "For 2025, we're seeing a lot of stability in delinquencies," an industry researcher said.
December 13 -
Businesses across several industries have already started budgeting for expected price increases
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