New York Attorney General Letitia James pleaded not guilty on Friday to criminal charges that she committed bank fraud and made false statements to a lender when she bought a house in Norfolk, Virginia, five years ago. James is contesting charges brought earlier this month by a prosecutor whom President Donald Trump abruptly installed after her predecessor […]
NY Attorney General James pleads not guilty to US charges Read More »
Mortgage performance remained strong in September despite Federal Housing Administration loans driving up total foreclosures, according to new industry data. Overall foreclosure volume remained historically low, with foreclosure sales reaching 21,000 in the third quarter this year, roughly half of 2019’s pre-pandemic levels, according to a report from ICE Mortgage Technology. FHA loans accounted for
FHA foreclosures drag down strong mortgage performance Read More »
Andrew Harrer/Bloomberg Key Insight: The Federal Reserve’s proposal would release the central bank’s back-end stress testing models, and is out for public comment through Jan. 22, 2026. Expert Quote: “The Board’s stress testing program has operated with limited transparency, unreasonable year-over-year volatility, and the absence of any meaningful appeals process.” — Fed Vice Chair for
Fed proposal would publish full stress test models Read More »
Bob Hartheimer, Evolve Bank and Trust’s new CEO, has been arrested on charges of sexual exploitation of a minor and distribution of obscene material, according to Shelby County records. He was escorted out of the bank’s East Memphis, Tennessee, headquarters by FBI agents on Thursday morning and is scheduled to appear in federal court on
Evolve Bank CEO arrested on charges of child exploitation Read More »
Publicly traded homebuilders were tested in the most recent quarter by slowing volume and political and economic factors, but proved resilient as they navigated through various challenges. Companies reported shrinking profits but still posted positive numbers, with falling mortgage rates providing some boost, even as consumer sentiment languishes. Although the cloud of tariff policies continues
Profits up while sales fall: How homebuilders did it Read More »
Waterstone Financial’s mortgage banking business recorded much higher net and pretax income in the third quarter compared to performance one year prior, even as the company produced 3.5% fewer loans. The company, in both its mortgage banking and community banking segments, was able to sustain its improved performance for the year during the quarter, said
Waterstone Mortgage profits surge even as loans fall Read More »
The National Consumer Reporting Association (NCRA) must respond to comments made by Christopher Whalen in a Loan Think piece, Why credit score politics have nothing to do with lending (Oct. 14, 2025). NCRA’s credit report resellers play a critical role in the home loan process, opening doors for consumers to housing. Consumers and others must
NCRA responds to Loan Think column on credit scores Read More »
Key insight: Flagstar logged another quarterly loss, though one that was smaller than in earlier quarters this year. Supporting data: The bank’s third-quarter net loss was $45 million. Forward look: Observers are focused on when the Long Island bank, which was battling for its survival last year, will return to profitability. UPDATE: This article includes
Flagstar reports another net loss amid ongoing revamp Read More »
With National Guard troops in the streets and federal workers furloughed, house hunters in Washington are stepping back. The number of prospective buyers touring properties in the city last week fell 8.5% from a year earlier, according to data from Bright MLS, a regional multiple listing service. It’s the eighth straight weekly decline. READ MORE: Mortgage
‘People are stressed’: DC house hunters rattled by shutdown Read More »
Mortgage rates were effectively unchanged on Thursday with the average lender very close to the best levels in over a year. But when it comes to the underlying bond market and the rates available to consumers, there are some dislocations that suggest risk is increasing. Specifically, bonds lost ground today. This normally implies higher mortgage
Mortgage Rates Seeing Some Underlying Pressure Ahead of Inflation Data Read More »