Industry News
Industry News
-
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.
December 2 -
Fortress has been one of the most active home equity investment firms in November, investing $1 billion in Cornerstone.
December 1 -
Saul Van Beurden, Wells Fargo's consumer banking CEO and former head of technology, will lead the way on harnessing artificial intelligence.
November 25 -
Lancaster, Pennsylvania-based Fulton Financial said Monday it will pay $243 million in stock for Blue Foundry Bancorp, which has lost more than $20 million since converting to a public company in 2021.
November 24 -
Luxury home prices rose 5.5% year over year in October to a median $1.28 million, far outgaining the 1.8% increase of nonluxury homes.
November 24 -
Renters can now enroll in CreditClimb through Zillow to have their on-time rent payments reported to the three major credit bureaus.
November 21 -
A combination of factors, including the rise of retail investing and sound assets, propelled ETF formation, with at least four issuances over the past year.
November 19 -
The average loss from the two categories is almost seven times higher than the mean amount for all other types, according to research from ALTA and Milliman.
November 18 -
An activist investor is seeking more information on how, and when, the largest bank deal of 2025 came together.
November 18 -
AIME's CEO takes an additional AI leadership role, ALTA elects new president and Revolution, Tidalwave, Visio welcome chief operating officers.
November 17 -
The acquisition agreement is the latest example of merger activity this year focused on the recapture potential held within servicing pipelines.
November 14














