"Crisis is too strong a word, and words like that get used a lot," though there was "a fair amount of disruption for a few weeks there," Moynihan said.

Forty mortgage professionals located in California have transitioned to the San Diego-based lender, including processors, transaction coordinators and loan officers.

The proposed legislation proposes to amend the Fair Credit Reporting Act to prohibit the creation and sale of contacts used for marketing.

The trade group will be pushing for changes impacting trigger leads, RON implementation and the FHFA's recent LLPA adjustment, leadership announced at its advocacy conference.

A federal judge recently gave the go-ahead to the lawsuit from the larger company against its smaller competitor.

Hispanics will make the majority of homeowners by 2030. How can lenders meet their needs now, and what strategies can they employ in today's lending landscape?

The top five lenders have a combined total volume of more than $40 billion at the end of Q4 2022.

The asset manager on Tuesday is set to begin a monthslong process to help the Federal Deposit Insurance Corp. offload $114 billion of assets it picked up from Silicon Valley Bank and Signature Bank. 

Omayra Ujaque faces up to 30 years imprisonment for each bank fraud count and must serve a mandatory two year sentence for aggravated identity theft.

William Demchak of PNC, Brian Moynihan of Bank of America and William Rogers of Truist had their total compensation reduced last year, as stock prices across the industry fell. The previous year, pay for bank chief executives had soared by more than 20%.

A "large number of originators" from McLean Mortgage have joined the California-based lender.

With the acquisition, the Lake City, Florida-based community bank will nab a consumer-direct platform and expand its footprint in the Midwest.

Kyle Bass's expectation of more pain in the office market reflects a more widespread view that the pandemic has driven a semi-permanent shift toward remote and hybrid work that imperils lower quality buildings.

The company is launching a training course to certify its loan officers on HECM loans.

Just under half of respondents in a recent mortgage study said cost of living increases have impacted their ability to make a home loan payment in the past six months.

Terry Dolan will see his role expand when two senior executives retire this summer, and will then hand over CFO duties to John Stern in September.

Banks could be in for a long, slow trickle of bank failures and consolidation in the coming months and years, particularly if inflation persists and interest rates keep rising. A downturn in commercial real estate could add to banks' problems.

Thimble, founded in 2016, provides insurance "in minutes" to a plethora of industries including pet, beauty and cleaning services through its mobile app, website or over the phone.

The Federal Trade Commission is seeking a temporary restraining order to prevent the deal from being completed prior to its July 12 administrative hearing.

Meanwhile, former employees of the failed lender claim to have reached a settlement with the company for three weeks of owed back pay.