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The company continues to retrench and refocus as it looks to become profitable from its original aims after it first became public in July 2021.
July 20
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The 30-year fixed, which was threatening going above 7% again according to Freddie Mac data, was 18 basis points lower this week.
July 20
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An unspecified amount of employees received a "career transition incentive" yesterday, per the company.
July 20
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MSRs already get very punitive treatment relative to other assets and regulatory reform following the banking crisis could increase it, according to some analysts.
July 20
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July 20
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The accusations build on those previously outlined in a lawsuit filed by former chief operating officer Tamara Richards in 2021.
July 20
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Rohit Chopra, the director of the Consumer Financial Protection Bureau, weighed in on credit card late fees, an upcoming open banking rulemaking and the chaos that could result if the Supreme Court defunds the agency.
July 20
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The Consumer Financial Protection Bureau celebrates its 12th anniversary on Friday, prompting Director Rohit Chopra to discuss the agency's work including a proposal to set credit card late fees at $8 and the upcoming Supreme Court case that could defund the bureau.
July 20
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The recent conversion marked one of the final steps in the $8 billion acquisition, first announced in 2021. U.S. Bank still anticipates up to $900 million in cost savings and a breadth of opportunities to expand revenue from the transaction.
July 19
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Several community banks noted an uptick in problem loans in second-quarter earnings reports. Small lenders should brace for more of this, industry observers noted.
July 19
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The Wall Street giant has more than $14 billion of real estate investments, and it took a $1.15 billion hit during the second quarter from writedowns of those bets.
July 19
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Even as some observers are reducing their expectations for an economic downturn, the government-sponsored enterprise changed the expected time frame that one could occur.
July 19
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Declining rates contributed to a surge in refinances, but a sluggish market is capping purchase activity, according to the Mortgage Bankers Association.
July 19
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If the Supreme Court strikes down CFPB regulations by ruling against the constitutionality of the agency's structure, technological innovation will be harder for banks to achieve as regulatory clarity moves further out of reach.
July 19
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Residential starts fell 8% last month to a 1.43 million annualized rate, according to government data released Wednesday.
July 19
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The disgruntled worker, among other actions, entered false information into the firm's Optimal Blue platform causing severe economic damages, the lender said.
July 19
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About 14 out of every 1,000 US homes changed hands during this period, down from 19 in the same period during 2019, according to the real estate brokerage's report examining housing turnover since the pandemic.
July 18
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More than 50 percent of transactions analyzed were risk-prone, a report published by FundingShield found.
July 18
