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Markdowns on its MSR portfolios drove the company into the red, even as originations and servicing operations both saw profits.
February 7
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Flat growth is expected for mortgages and auto loans, while credit card loan growth will slow down.
February 7
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James Seely, once the division vice president of the company's Northeast region, is seeking $750,000 from Guild Mortgage
February 7
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While refinances shot up, purchase lending saw a second weekly pullback according to the Mortgage Bankers Association.
February 7
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Former Flagstar CEO Alessandro DiNello, who had been New York Community's nonexecutive chairman, was named executive chairman after the Long Island bank's stock price fell by more than 59% in a week. New York Community also issued updates on both its deposit situation and its search for a new chief risk officer.
February 6
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A look at Home Mortgage Disclosure Act data of similarly situated conforming applicants also finds some lenders' own comments for the rejection doesn't match up with the reason given, the Federal Reserve Bank of Minneapolis said.
February 6
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The majority of users are looking for new credit lines and others want to improve their scores. Credit monitoring by consumers may be a good indicator of both, Transunion found.
February 6
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The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency Tuesday issued the first in a series of requests for comment on all aspects of the regulatory apparatus as part of a required decennial review.
February 6
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Americans' decades-long love affair with the U.S. West appears to be souring as high housing costs in San Francisco, Los Angeles and Seattle encourage migration to the South, a new analysis shows.
February 6
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The Independent Community Bankers of America, American Bankers Association and other groups filed a lawsuit arguing that recent reforms to implementing regulations for the Community Reinvestment Act exceed statutory authority.
February 5
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First National Bank of Pennsylvania, a unit of FNB Corp., ran into trouble in connection with North Carolina operations it acquired from Yadkin Financial in 2017.
February 5
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The top five states have an average number of home improvement loans for every 100,000 owner-occupied housing units of 688.5 and an average loan amount of $119,973.
February 5
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There will still be local oversight. Incentives to maintain registered offices will include listing in an online lender search tool and access to certain data.
February 5
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The integration of Rocket's AI-backed tool on Apple's newest product, Apple Vision Pro, is the second tie-in with the tech giant in the last three months.
February 5
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The senior vice president for capital markets at the Housing Policy Council died Saturday after sustaining critical injuries a week prior.
February 5
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Fannie Mae also will be making a four-figure adjustment available next month and Freddie Mac is contemplating expanding its program to a new income tier.
February 5
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The cracks in the commercial real estate market are widening from offices to apartment complexes, with more than $67 billion of the housing potentially distressed as borrowers struggle to repay loans extended during the height of the pandemic.
February 5
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This legislation, which would be the first of its kind if passed, would apply to sellers who finance the rate buydowns made through the end of 2025.
February 5
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A clash over pay playing out in contract negotiations between the Consumer Financial Protection Bureau and its employee union occur as the Supreme Court is considering whether the agency must get its funding from Congress.
February 5
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The company, and Rocket, had been targets of United Wholesale Mortgage's All-In campaign, which punished independent brokers who did business with the UWM rivals.
February 2
