Commercial banking

The Office of Management and Budget under President Donald Trump has not apportioned any discretionary awards to financial institutions in the fiscal year of 2025, according to new documents released by the agency.

KC Mathews, executive vice president and chief market strategist at Commerce Trust breaks down the FOMC meeting.

The since-defunct lender, which was purchased by Newrez in 2021, agreed to pay a $1.8 million penalty and has refunded over $550,000 to borrowers.

Alexandra Mousavizadeh is the co-founder and co-CEO of Evident, an AI benchmarking intelligence platform that specializes in ranking companies on their AI adoption progress. She has 20 years experience in building indexes for nations and companies on economic and technological issues. Prior to Evident, Mousavizadeh led Tortoise Media's intelligence business, where she developed the Global AI Index. Previously, she was director of The Prosperity Index for the Legatum Institute (now the Prosperity Institute). Mousavizadeh's earlier roles include CEO of ARC Rating, senior sovereign analyst for Moody's and head of country risk management at Morgan Stanley.

Brendan Clegg is a partner at Luse Gorman, PC.

The Bank of Glen Burnie has bought VA Wholesale Mortgage, a veteran owned-and-operated company which specializes in working with military families.

Lower interest rates and homebuilder concessions brought borrowers to the table, according to the Mortgage Bankers Association's latest report.

Bond traders' big bet that the Federal Reserve is poised to lower interest rates faces a key moment this week as Chair Jerome Powell gets a chance to weigh in on the economy.

ICE Mortgage Technology originally planned to complete the Encompass SDK to API migration by Oct. 31; now users have an additional 14 months.

With fun downtowns, outdoor recreation, and lesser-known food scenes, these cities offer great options for anyone on the hunt for their first home.

A possible shift in the composition of the Federal Reserve's portfolio of Treasury holdings could result in the central bank buying nearly $2 trillion of bills over the next two years, enough to absorb nearly all of the Treasury's issuance during that period, according to Bank of America Corp.

Federal trigger lead bans will change borrower monitoring overnight. Lenders who act now on consent, predictive alerts, and clean data can protect their pipelines and gain an edge in a quieter market.

Louis "Louie" Zitting is the Founder of MonitorBase and General Manager of Credit at MMI.

Even with direct costs of import taxes excluded, prices for residential construction goods and services increased by the most in two years, NAHB said.

Advocates warned the Federal Housing Finance Agency that allowing cryptocurrency assets to be used in the underwriting of Fannie and Freddie mortgages risks taxpayer losses and market instability.

By a 2-1 vote, a three-judge panel of the D.C. Circuit Court of Appeals ruled that the CFPB's union did not have a reviewable claim under the Administrative Procedure Act. The union is expected to appeal to the full D.C. Circuit.

The real estate company said it started the search for a new CEO mid-year following Carrie Wheeler's notice to the board she was looking to leave.

Although fewer industry leaders in a May survey are prioritizing cost-cutting, those bosses said they'd focus on back-office staff over other expenses.

Borrowers also showed a higher tendency to tap into home equity, with related originations rising at the fastest rate in three years, Transunion said.

Billionaire Bill Ackman has linked the idea with President Trump's recent post depicting a near-term public offering for a single mortgage firm with U.S. ties.