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The North Carolina-based company expects its revenue to outpace expenses next year — a goal that has proven elusive over the five years of Truist's existence.

The Buffalo, New York-based bank said its commercial real estate portfolio continued to shrink, but this was more than offset by business and consumer lending.

The Cleveland-based bank took a hit from a large bond sale, leading to a quarterly loss. But net interest income rose, and the company expects that metric to hit a key milestone in the fourth quarter.

A strong economy drove mortgage rates higher in the past week but it's still an advantageous market for consumers in some ways, according to Freddie Mac.

Better's voice assistant can help customers get answers to mortgage application inquiries, call them back if they abandon an application and ask them about the weather.

The lender claims the offering is the only one of its kind in today's mortgage market.

Ginnie Mae and the industry work with multiple agencies and a coordinator would bridge the gap but some question the concentration of power in such a position.

After NYCB streamlined its branch operations under the Flagstar name, the publicly traded company will begin trading under a new stock ticker symbol in late October.

The share of homes constructed in community associations rose for the first time in three years in 2023, the National Association of Home Builders reported.

Political contributions from the housing finance industry lean Republican, but more mortgage dollars have gone to Harris than Trump.

The Consumer Financial Protection Bureau's nonbank registry to address repeat corporate offenders goes live this week, but some experts have raised concerns about redundancy and costs for nonbanks.

Rohit Chopra, the director of the Consumer Financial Protection Bureau, said his tenure at the agency could be characterized as simply reading statutes rather than finding novel ways to enforce regulations.

Backflip, a fix-and-flip and residential transition loan originator, added $184 million in new capital from equity and debt transactions, its second raise of the year.

Updates to the Telephone Consumer Protection Act aimed at simplifying customers' ability to opt out of robocalls and robotexts will take effect on April 11, 2025.

Rising rates have apparently erased the optimism stemming from last month's Federal Reserve interest rate cut.

The Consumer Financial Protection Bureau and Department of Justice issued a consent order against Wisconsin-based nonbank mortgage originator Fairway Independent Mortgage over redlining allegations. Fairway is the country's fifth-largest mortgage originator by volume.

Ginnie Mae is more concerned about a small economic downturn than a large one and is working with other public entities to prepare and survive should it come to pass.

The settlement pending a judge's approval would end the lawsuit over a hack last December.

Reversing a year-ago trend, the U.S. economy and plateauing interest rates led to credit tightening in September, the Mortgage Bankers Association said.

Hispanic-owned houses are worth 11.9% less than those owned by non-Hispanic White households, compared with 12.4% in December 2021, a recent high in the gap, Zillow said in a blog post