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Mike Weinbach, a former Wells Fargo and JPMorgan leader, will replace president Chris Marshall who's expected to retire at the end of this year.

Overall, U.S. home prices increased 5.4% in the year ending in November, CoreLogic's latest Home Price Index report found.

Federal Reserve Vice Chair for Supervision Michael Barr said feedback received will be incorporated into the final version of the capital reform rule.

Analysis conducted by the Federal Housing Finance Agency found values coming in under contract price as often as 15% of the time in recent years, with appraisers failing to account for quickly changing market conditions.

The company took on the established vendors with its LOS. It's now officially starting to fulfill its longtime plan to do something similar with servicing tech.

Its broker channel will soon have access to a generative voice tool, allowing originators to update approval letters on the go.

Clark Street Capital said it developed a service to pair sellers with multiple potential buyers within just two weeks. It's meant to help small lenders close deals fast while still getting the benefits of a bidding process.

Industry consolidation has resulted in fewer conventional and government loan programs being offered to consumers.

The top five banks and thrifts have nearly $96 billion in combined home equity loan portfolios as of September 30, 2023.

While several communities offer monetary incentives to attract new residents, some are making overtures with down payment and other types of assistance aimed at building up their local housing markets.

With the retirement of Rep. Blaine Luetkemeyer, R-Mo., the number of Congressional representatives with direct banking experience is becoming increasingly rare.

Gravy Technologies offers a consumer-facing app, along with a white-label service for mortgage lenders aimed at accelerating their marketing efforts.

Tracy Kasper's departure follows the November exit of former CEO Bob Goldberg.

The bot, named Cooper AI, can answer questions regarding FHA and VA guidelines.

December's shift in Federal Reserve policy gave a notable boost to the share of consumer respondents who think the affordability of home financing will improve.

The president of the Federal Reserve Bank of Dallas and former manager of the central bank's open market account said a slower approach to balance sheet reduction may be warranted sooner rather than later.

Over one-quarter of consumers said they are open to making misstatements to get a house, while 60% gave an answer besides absolutely not when asked if they would follow advice to put in misleading information.

The lender had taken certain systems offline and was working to restore business operations as of Monday morning.

The warnings come as more than $1 trillion of multifamily debt is due to mature through 2028, potentially leading to increased defaults and losses for banks and bondholders.

Those who establish a history of paying for housing may be able to buy and live in property with rental income, but there are risks to the emerging strategy.