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The Federal Reserve is expected to pause at its September meeting. Jeff Timlin, a managing partner at Sage Advisory, will join us on Sept. 21 to provide analysis of the meeting.

As housing-industry groups sought relief from the Federal Reserve, overall loan-application volumes eked out a weekly gain last week thanks to ARM activity, the Mortgage Bankers Association said.

The Federal Reserve Governor's remarks sounded somewhat less hawkish than her comments on Oct. 2, when she said multiple rate hikes would likely be needed to contain price pressures. 

The Consumer Financial Protection Bureau alleged in a lawsuit that the nonbank lender violated a 2019 consent order and submitted incorrect information in 2020.

Consumer Financial Protection Bureau Director Rohit Chopra said the CFPB is enforcing a long-dormant provision of Dodd-Frank in its advisory opinion prohibiting banks from charging fees to obtain basic account information.

"It is in your best interest for us to terminate your employment effective immediately," wrote the company's CEO in an email to his employees Friday.

The current Treasury yield curve is leading homeowners to pay mortgage rates at least 120 basis points more than they should, equal to an extra $245 a month on a $300,000 loan, their letter said.

The shape it takes could have implications for how Fannie Mae and Freddie Mac price loans for nonbanks and depositories.

Lenders are rolling out less sensitive products such as adjustable rate loans and non-qualified mortgages.

New American Funding's Patty Arvielo found hiring initiatives can help match lending with demographics but says hurdles to recruiting in general are high now.

Meaningful progress on DEI initiatives has a real effect on the workforce. We examine the dynamics that drive this conclusion and what it means for companies.

Top Fed officials are coalescing around the idea that tighter financial conditions after a recent surge in U.S. Treasury yields may substitute for additional increases in their benchmark interest rate.

The Federal Reserve's top regulator cited the financial crisis of 2008 repeatedly in a speech about the merits of new risk-capital standards — proposals that have drawn unprecedented fire from banking trade groups and members of Congress.

The expansion of housing-related tax programs could be in peril because of the upheaval.

Should the Federal Reserve step back into the market and restart their loan purchase activity?

One in every 123 purchase applications showed indications of fraud in the second quarter, outpacing the first, the report found.

Also, the Mortgage Bankers Association welcomes new lobbyist, Snapdocs names new CEO and Dovenmuehle hires chief information officer.

More than a year after leaving, Sanjiv Das will take a key role at a fintech.

Homeowners have over $29.3 trillion in combined home equity, yet accessing it is becoming less attractive, Point's report said.

Hint: It requires balancing technology with the appropriate degree of personalization and human interaction.