Industry News
Industry News
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Some mortgage companies are taking advantage of a loan-interest deduction that was designed to benefit community banks, a Washington State legislator alleged.
February 23 -
A highly esteemed bank policy researcher and author, Petrou was an influential voice in Washington and sharp critic of the Federal Reserve's ultra-low interest rate policy after the 2008 financial crisis.
February 22 -
In a letter to regulators, the consortium of organizations recommended regulatory changes affecting a range of rules from risk weights to warehouse financing.
February 20 -
The Trump Administration proposed banning a smaller investor size than expected from purchasing more single-family houses, according to the Wall Street Journal.
February 20 -
The CEO of the retail lender said the company shuttered after reassessing an evolving regulatory environment and continued market consolidation.
February 20 -
The impact of insurance costs, availability and related state rules also were top of mind at the Mortgage Bankers Association servicing conference.
February 19 -
The lawsuit accuses Veterans United of deceptively suggesting it's part of the Department of Veterans Affairs and steering clients to more costly loans.
February 19 -
The typical homebuyer's down payment in the United States decreased 1.5% year over year to $64,000 in December, Redfin said.
February 18 -
An ugly legal dispute between two San Diego credit unions offers a warning about what can go wrong when careful relationship-building doesn't precede a marriage.
February 17 -
The Public Interest Law Center filed an amicus curiae brief arguing against a joint motion to end a redlining agreement early against Lakeland Bank.
February 16 -
Unison faces allegations it operates as an unlicensed mortgage lender with misleading marketing that drives homeowners into high-risk "no-debt" contracts.
February 12 -
The company formerly known as Ocwen confirmed that a deferred tax asset valuation helped boost net income to common shareholders despite servicing challenges.
February 12 -
The multimillion-dollar acquisition boosts PennyMac Financial Services' total portfolio above $1 trillion and adds to a wave of industry consolidation.
February 12 -
Sridhar Sharma, Mr. Cooper's chief innovation and digital officer until it was bought by Rocket, is the new president of the mortgage servicing tech provider.
February 12 -
A Washington court denied a plaintiff request, pointing to past Supreme Court rulings that showed a compelling interest for the state's special-purpose credit program.
February 12 -
The lawsuit, which doesn't target UWM, accuses the REIT's CEO and board of directors of suspicious stock sales around the December announcement.
February 9 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5 -
Home equity investment platforms continue to attract dollars from the venture capital community but also face a proposed de facto ban in one state.
February 4 -
Mortgage rate trends in late 2025 led the lender into the red in the fourth quarter, even as Newrez originations picked up from the prior quarter and year.
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