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First Republic to face second S&P downgrade in less than a week

National Mortgage
Mortgage Finance
3 years ago

Jeenah Moon/Bloomberg First Republic Bank will be downgraded again by S&P Global Inc., days after the ratings firm,.. Read More;

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Fed, FDIC officials to testify before Congress on bank failures

National Mortgage
Mortgage Finance
3 years ago

Rep. Maxine Waters, a California Democrat who is ranking member of the House Financial Services Committee, left, speaks with Rep.,.. Read More;

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Memories of 2008 leave FDIC with few bidders for failed banks

National Mortgage
Mortgage Finance
3 years ago

Traders work on the floor of the New York Stock Exchange in New York, U.S., on Monday, Oct. 27, 2008.,.. Read More;

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Summers warns Fed against 'financial dominance,' urges rate hike

National Mortgage
Mortgage Finance
3 years ago

Lawrence "Larry" Summers, former U.S. Treasury secretary.Kiyoshi Ota/Bloomberg Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn't,.. Read More;

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LoanCare launches distressed mortgage unit

National Mortgage
Mortgage Finance
3 years ago

A subservicer focused on government-related loans has started a new unit called Velocity that will aim to more efficiently manage,.. Read More;

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Blend reports massive losses as cost-cutting continues

National Mortgage
Mortgage Finance
3 years ago

Blend Labs was hit especially hard by the mortgage market's woes last year, posting a $763.8 million net loss over,.. Read More;

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Banking group aims for standardized mortgage licensing requirements

National Mortgage
Mortgage Finance
3 years ago

A banking regulatory group is taking steps toward "modernizing" the National Multistate Licensing System, moving toward greater mortgage-industry standardization.The Conference,.. Read More;

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HUD rolling back Trump-era changes to fair lending rule

National Mortgage
Mortgage Finance
3 years ago

The Department of Housing and Urban Development has confirmed its proposed reversal of a 2020 change to a rule governing,.. Read More;

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Impac loses $12M in the fourth quarter

National Mortgage
Mortgage Finance
3 years ago

Even though Impac Mortgage Holdings lost less money on a quarter-to-quarter basis in the period ended Dec. 31, originations were,.. Read More;

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Biden calls for tougher punishments for executives of failed banks

National Mortgage
Mortgage Finance
3 years ago

President Biden called on Congress to expand the FDIC's ability to claw back compensation from executives of failed banks and,.. Read More;

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Newly built homes too pricey for most Americans: report

National Mortgage
Mortgage Finance
3 years ago

While the current housing market is considered more favorable to buyers than sellers by some mortgage industry leaders, plenty of,.. Read More;

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Mortgage execs confident in warehouse lines amid bank turmoil

National Mortgage
Mortgage Finance
3 years ago

The failures of Signature Bank and Silicon Valley Bank have already rocked mortgage rates but aren't expected to rattle warehouse,.. Read More;

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