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A big part of the trouble with the RBC rule is that Ginnie Mae is essentially using its limited legal authority to qualify government issuers to impose sweeping changes on how IMBs operate writes the Chairman of Whalen Global Advisors.

The rule, finalized Tuesday, enables consumers to share their financial data with third parties. Here are the implications for banks.

The Mortgage Bankers Association finds a chief financial officer, Two Harbors welcomes servicing executives and Assurance Financial taps industry veteran for new C-suite position.

If customers perceive they are dealing with a scripted chatbot, they are likely to be less satisfied with their mortgage servicer, J.D. Power said.

The Top 50 Firm based in Cleveland is the latest to receive a private equity investment, in this case from Lovell Minnick Partners.

California's Department of Financial Protection and Innovation is requiring registration by mid-February of debt settlement firms, earned wage access providers, private secondary education financing and student debt relief services.

The agency filed an appeal to a ruling in August, which decimated its noncompete ban, set to go into effect in September.

The suit claims Fairway Independent Mortgage did not pay its loan officers overtime and failed to reimburse them for work-related expenses.

The real estate investment trust and correspondent lender also anticipates improved subservicing costs due to a larger trend in the mortgage market.

While the recent upward movement has dampened borrowing activity, housing researchers reported encouraging signs for business this fall.

This is the first RTL transaction for Roc360 Real Estate Income Trust, the deal's sponsor, in three years. Also, it is Roc360's first rated RTL transaction.

Price tags for the industry leaders' homes either stayed the same or declined from the same time a year ago.

A federal appeals court this year reversed Townstone Financial's earlier victory, ruling the regulator had authority to apply a lending law to prospective applicants.

Sales of new single-family homes increased 4.1% last month to a 738,000 annualized rate, government figures showed Thursday.

The top five states have an average mortgage delinquency rate of 16.66% in the second quarter.

The deal announced on Wednesday seeks to stabilize Boston's tax system, which relies heavily on commercial property revenue and has been thrown off balance by the slump in office demand. 

The new chair of the Basel Committee on Banking Supervision called for member nations to finish the job of implementing post-financial crisis regulations. He also warned them not to put economic goals over safety considerations.

Consumer Financial Protection Bureau Director Rohit Chopra said opposition to the bureau's recently finalized open banking rule should be viewed as banks and other large firms attempting to quash competition and stymie consumer data protection.

While recent homeowners overwhelmingly support digital innovation that leads to faster, streamlined transactions, AI is "still not a trusted system for many borrowers," Cloudvirga said.

The company's earnings looked more favorable when adjusted for the one-time charge, and it reported record levels of liquidity during the quarter.