The agency voted 4-0 to file the complaint in the agency's in-house court.

The company lost $163.7 million last year as funded origination volume fell 71% annually to $27.6 billion in 2022.

The husk of Lehman Brothers lost a bid to collect some $500 million on crisis-era subprime mortgage bond trades Wednesday when it suffered defeat in a trial over the proper valuation of credit default swaps. 

Executives at the company pointed to market volatility, year-end seasonality and its exit from the wholesale channel as reasons for the deficit.

In an effort to save the troubled crypto-friendly bank, one possible option involves lining up crypto-industry investors to help Silvergate shore up its liquidity.

The Federal Reserve chairman took an unexpectedly aggressive posture following last month's step down in the pace of hikes in testimony before Congress on Tuesday,

The announcement came as a Federal Trade Commission suit to halt the deal became more likely.

The move comes nine months after Homebridge ended a planned merger last June with fintech Figure Technologies over delays in closing among other factors.

A legal filing could come as soon as Thursday, sources close to the matter claimed.

Former employees impacted by layoffs claim the Illinois-based lender did not give them a 60-day notice as required by the WARN Act.

Brett Dillenberg oversees six branches previously under the umbrella of LendUS that were acquired by the Ohio-based lender last year.

More than 90% of appraisers are white, and researchers have found that bias leads to lower valuations for homeowners of color. A Flagstar executive said the mortgage-focused bank is "not just going to sit on the sidelines and watch this happen."

The disclosures follow full year and fourth quarter earnings reports in which each company revealed big declines from booming performances in 2021.

The cuts amount to less than 1% of Citigroup's 240,000-person workforce, according to people familiar with the matter.

The Ohio-based bank concentrated most of its lending branches in majority-white neighborhoods and did nothing to compensate for its lack of physical presence, the DOJ claims.

The price tag for the Colorado-based lender was a "low seven-figure number," its CEO said.

The indictment mirrors one filed in a neighboring Florida community in May 2022, which accused a loan officer of running an identical mortgage fraud scheme. It is unclear whether the two cases are connected.

Financial terms were undisclosed for the most recent acquisition.

But full year net income was more than double that for 2021, helped by an exchange of Dun & Bradstreet stock for the remaining equity in Optimal Blue.

While it isn't a partnership between the firms, Amazon Web Services powers the loan origination system for the lender, which has funded over $1 billion in mortgage volume with the online retail giant's workers.