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.

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

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

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

Fifth Third Bancorp revised its guidance, but still expects record net interest income for 2025, even as commercial clients signal that economic volatility will drive up inflation.

Ligation by the Ohio attorney general claims UWM has turned brokers in its network into retail loan officers who solely work for the company.

Robert Wagnon is retiring and sold his 75% share to long-time mortgage executive Andrina Valdes, while Paulina McGrath remains as co-owner and president.

Banks ceded their market share of home finance following the Great Recession. Will the current regulatory environment make them more involved players?

Starting April 22, mortgage brokers will be able to access Rocket Pro's loan pricing, interest rates and product eligibility, the company announced.

The agency is seeking input on how to better open up industries up to new entrants. Some see this opening the door to more competition for banks.