Subject Root Tag

Ultimately, firmwide headcount will decline by 60,000 jobs to 180,000 by the end of 2026, Chief Financial Officer Mark Mason said.

The executive director of the Community Home Lenders of America games out the best-case scenario for independent mortgage banks in the year ahead.

Navy Federal, the nation's largest credit union, is facing a lawsuit about its allegedly discriminatory mortgage lending practices.

The decline in profit came mainly from a $2.1 billion FDIC assessment and a $1.6 billion charge tied to the shift away from LIBOR.

JPMorgan Chase closed out the most profitable year in U.S. banking history with its seventh consecutive quarter of record net interest income and a surprise forecast that the windfall may continue this year. 

The guidance also underscores consumer rights to obtain access to their own information as well as identities of sources providing data.

Marina Wiant was named to head California treasurer committees that set the debt limit, determine how the private-activity capacity is deployed and play a critical role in financing the construction of affordable rental housing in the state.

The Federal Trade Commission became able to distribute more than $1.2 million after a legal battle in which a Supreme Court decision came into play.

For the past week, the benchmark 10-year Treasury closed above 4%, as the markets priced in an increase in the consumer price index.

John Williams, who also serves as vice chair of the Federal Open Market Committee, does not expect the Federal Reserve to slow its balance sheet runoff anytime soon.

More clarity around values and an urgent need to address looming debt maturities are expected to spark more deals, a report from Jones Lang LaSalle said.

The consumer price index increased 3.4% in the year through December, the most in three months, led by increases in shelter costs.

Most of the legal filings accuse the title insurer and its subsidiary, LoanCare, of failing to protect the personal identifiable information of customers.

The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.

Meanwhile, issuance in the far smaller private-label residential mortgage-backed securities market has shown relative strength so far this year, as forecast.

Former employees in the case sued Sprout for wages lost when it abruptly shut down. Separately, a former executive contesting a court procedure-related fine.

Both companies saw their stock rating cut because of their current valuation, similar to why Rocket's was previously dropped. They declined comment on the move.

The sponsor sourced the mortgage collateral from a range of originators, but none of them accounts for more than 10% of the pool balance.

Both purchases and refinances contributed to the weekly surge, with growth in government-backed volumes outpacing the overall market, according to the Mortgage Bankers Association.

The company has linked tradeline information to lien data in ways designed to help mortgage portfolio managers keep pace with property values as they change.