Industry News
Industry News
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A California judge dismissed 13 claims against United Wholesale Mortgage that alleged the lender disclosed personal information to third parties.
December 23 -
Proxy advisory firm Institutional Shareholder Services recommended approval of Fifth Third's $10.9 billion proposed acquisition of Comerica.
December 22 -
The Massachusetts Democrat requested to see records related to second liens that banks were required to expunge per terms of the 2012 mortgage settlement.
December 19 -
More than 80% of mortgage brokers expect business to grow in 2026, mainly through the strengthening of referral networks and the expansion of non-QM offerings.
December 19 -
The Dallas bank turned down another offer because it thought it could get a higher price from Fifth Third, and also could ink an agreement faster, according to Comerica's latest regulatory filing.
December 18 -
The bill's signing comes weeks after one of the most notorious NTRAP providers agreed to legal settlements in two states, nullifying existing contracts.
December 17 -
The deal significantly grows United Wholesale Mortgage's servicing portfolio, and it will increase the float on its common stock, making it more investable.
December 17 -
The trade group's letter to FHFA Director Bill Pulte pointed out that lenders were facing credit report price hikes for four straight years.
December 16 -
Remote work helped fuel migration and erased the loss of rural residents that occurred in the decade prior to the arrival of Covid, Harvard researchers found.
December 15 -
The partnership also includes a $50 million equity investment in Finance of America, securing long-term alignment between the companies.
December 15 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
December 12 -
With the Federal Reserve decision largely factored in, Jerome Powell's comments on future outlook is more likely to influence the housing market.
December 10 -
Charlie Scharf has a mostly optimistic take on Wells' consumer banking prospects entering 2026. But he's more downbeat about the company's once-dominant residential mortgage business.
December 10 -
The company's latest funding announcement caps off a year of tailwinds that propelled growth for home equity investment platforms and related lending products.
December 9 -
New rules means sellers and servicers will need to have plans demonstrating proper oversight of their artificial intelligence and machine learning practices.
December 9 -
The provider of actuarial-related services is bringing a company that provides mortgage servicing rights analytics and risk management into the fold.
December 8 -
Hildene, which partners with Crosscountry Mortgage for non-QM securitizations, is doing this deal as part of its buy of an annuity provider, SILAC.
December 8 -
The all-stock acquisition of Mountain Commerce Bancorp in Knoxville marks the Arkansas-based company's first M&A foray since 2022.
December 8 -
In the New Jersey case, MV Realty and its principals agreed to pay $28 million in fines and restitution for these "Homeowner Benefit Agreements."
December 2 -
Absolute will add Fidelity Digital Mortgage's 55 producing loan officers to its team of roughly 190.
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