Commercial banking

The Trump administration's plan to fire 90% of the staff at the Consumer Financial Protection Bureau has raised constitutional questions about whether courts can decide whether a president is taking "care that the Laws be faithfully executed."

The deal is secured by a portfolio dominated by mortgage loans considered non-qualified or exempt from ability to repay rules.

Shelia Bair, who chaired the Federal Deposit Insurance Corp. from 2006 to 2011, said that while post-crisis reforms may have overregulated banks, the current deregulatory swing could undermine important protections and lead to another banking crisis.

Cara Petersen, the Consumer Financial Protection Bureau's top enforcement official, said the Trump administration has "no intention to enforce the law in any meaningful way."

Regulators' decision to lift a seven-year-old cap on the size of the megabank's balance sheet will produce benefits over the long haul, but it won't result in any sudden gains, according to CFO Michael Santomassimo.

Colin McNamara is a reporter for National Mortgage News. He recently graduated with a bachelor's degree in journalism and minor in general business from the University of Maryland, where he covered politics at Capital News Service and college sports as the managing editor of Testudo Times. He interned or freelanced for a variety of other publications, including The Baltimore Sun.

A former senior accountant at CrossCountry Mortgage claims she was let go from her job three years prior because of her age.

While lenders have come out with more products for the spring season, rate lock data finds buyers still hesitant to act because of high mortgage rates.

Filings rose at the start of 2025 following the end of a federal foreclosure moratorium, but new numbers from Attom suggest normalization of certain trends.

Steady construction and weaker demand caused the first seasonally-adjusted dip in home values since 2022, signaling a move into a buyer's market.

Jarrod Barry is a summer reporting associate at National Mortgage News through the Dow Jones News Fund. He is currently studying at the Craig Newmark Graduate School of Journalism at CUNY.

A newer version of the ban would allow a consumer's original mortgage lender, current servicer or their current bank or credit union to contact them.

House Speaker Mike Johnson said he's pressuring Senate Republicans to refrain from changing a deal to increase the state and local tax deduction cap to $40,000.

The former fintech lead at the FHFA will work to "disrupt" current technology offerings for mortgage lenders.

Alex Walters is an intern at The Bond Buyer via the Dow Jones News Fund. He is a rising senior at Michigan State University, where he writes for the student newspaper, The State News.  Last summer, he interned at The Chronicle of Higher Education. His work has appeared in outlets including the Detroit Free Press and Bridge Michigan.

As the Trump Administration looks for savings in the bloated federal housing complex, the most obvious opportunity is to return defaulted assets to the private sector, writes the chairman of Whalen Global Advisors.

Urvashi Patel, Ph.D., is the vice president of data and analytics at the Evernorth Research Institute. In her role, she is responsible for Evernorth product and market analytics, data science, and research. Her career has focused on the evaluation of clinical programs and services, including condition management, complex case management, quality improvement, and provider performance programs. As a health services researcher, she has led studies using a broad set of methodological techniques to evaluate the impact of programs for disease states such as diabetes, heart failure, end-stage renal disease, asthma, chronic obstructive pulmonary disease, and behavioral health.

Covius' title services had focused on the needs of firms involved with defaults, but this acquisition from Blend pushes the shift to originations forward.

A forthcoming bill from Sens. Jim Banks, R-Ind., and Catherine Cortez Masto, D-Nev., would allow the Federal Housing Finance Agency director to set limits on executive pay at the Federal Home Loan banks.

A consent order issued by Washington against mortgage brokerage Xpert Home Lending accused the firm of violating the state's consumer protection law.