Commercial banking

President Donald Trump's threats to fire Federal Reserve Chair Jerome Powell have had a significant impact on financial markets, Goldman Sachs Chief Economist Jan Hatzius said.

The International Monetary Fund lowered its economic growth projections for 2025, citing policy uncertainty. It also urged central banks to stand ready to use macroprudential tools to facilitate lending in a potential recession.

Deven Sanghavi has completed his bachelor's in accounting from the University of Mumbai and a master's in finance from CUNY Baruch College. He brings strong experience in the field of public accounting by having worked at a Big Four firm. He currently is working in an investment firm.

House Financial Services Committee ranking member Maxine Waters, D-Calif., led a group of Democrats in challenging Treasury Secretary Scott Bessent over the current state of the Community Development Financial Institutions Fund.

Equifax Inc.'s first-quarter profit beat estimates, although the credit-reporting agency declined to raise its guidance, citing the tariff-induced uncertainty in the economy and falling consumer confidence.

The FHFA director, who's posted numerous updates on social media, has yet to hint at a potential Fannie Mae and Freddie Mac exit from conservatorship.

The partnership between the customer contact software provider and the operator of the Empower loan origination system was announced nearly one year ago.

From changing the boards of Fannie Mae and Freddie Mac to nixing DEI programs, the Federal Housing Finance Agency's Pulte era has been busy.

The top five banks had a combined second-lien loan volume of more than $95 billion at the end of December 2024.

Lexi Clarke is the Chief People Officer for Payscale, a SaaS technology firm focusing on compensation management solutions. She has partnered with business leaders on HR and compensation projects at companies like Redfin, Convoy, Boeing and more. Lexi has extensive experience in people-first HR leadership, effectively supporting the growth and scale of the organizations she has been a part of to better attract, develop and retain talent. As the Chief People Officer, she is responsible for integrating compensation, rewards, HR, communication and more. She speaks on behalf of Payscale as both a practitioner and fair pay advocate. Lexi graduated from Muhlenberg College with a bachelor's degree in psychology.

The homebuilder agreed to acquire Alliant National in a transaction announced last October, with this deal closing after the Cherry Creek mortgage purchase.

The cost-cutting task force could impact the congressionally chartered nonprofit which provides grants and lending for both homeowners and renters.

The partnership between alternative investment managers adds to signs investors see the private mortgage market as attractive, albeit not immune to risk.

Shift Technology CEO and Co-founder Jeremy Jawish became acutely aware that fraud detection was one area of the insurance industry that was ripe for disruption while working with a leading global insurance company. There, the seed was planted related to how artificial intelligence and advanced data science could be used to help insurers make better policy and claims decisions, driving positive business outcomes and greater customer satisfaction. Jawish, along with co-founders Eric Sibony and David Durrleman transformed the idea into reality and now insurers around the world trust Shift's AI-native solutions to help them solve some of their biggest challenges.

The rate of new home sales picked up by 14% from the month prior, data provided by the Mortgage Bankers Association shows.

The agency is offering buyouts and early retirement incentives for employees, with layoffs possible if targets aren't met, as part of the Trump administration's overall downsizing of the federal government.

The National Credit Union Administration insists it can still function with one board member, but legal experts and industry groups say any substantive regulatory actions could face serious challenges.

Dan Johnson is the managing director at F2 Strategy, a wealthtech management consulting company serving complex wealth advisory firms. 

The deal comes as Blend also introduces a new division dedicated specifically at serving independent mortgage banks, rolling out features with Crosscountry.