Subject Root Tag

Robert Hartheimer's arrest comes at a time when the bank is trying to recover from a consent order and the Synapse mess.

Companies reported positive numbers but see challenges in a sluggish housing environment, as federal pressure ramps up to address affordability.

On a year-over-year basis, Waterstone's mortgage business was able to grow pretax profits to $1.3 million in the third quarter, compared with $144,000 in 2024.

Several claims in a recent Loan Think column misrepresented how credit scores and resellers work in mortgage lending, according to the president of the National Consumer Reporting Association.

The Bureau of Labor Statistics released its latest Consumer Price Index reading Friday morning, showing inflation rose by 0.3% in September, slightly below August's pace. The report also found core inflation steady at 3.0%, even as shelter costs eased and gasoline prices spiked.

The Long Island-based bank hasn't been profitable in eight quarters, but executives maintain that it's on the right path, citing more loan book diversity, lower expenses and an improved margin.

The number of prospective buyers touring properties in the city last week fell 8.5% from a year earlier, according to data from Bright MLS, a regional multiple listing service. It's the eighth straight weekly decline.

This is the second acquisition deal Old Republic has been involved in this year, after selling its title production business in January.

While expectations that another federal rate cut is on the way next week, other economic trends may be having a larger influence on mortgage lending.

Contract closings increased 1.5% to an annual rate of 4.06 million in September, the highest in seven months, according to National Association of Realtors figures released Thursday.