Apply Online
Schedule a Call

November 2025

Gould backs charters to bring nonbanks into regulatory fold

Nonbank, Politics and policy, Regulation and compliance, Stablecoin /

Key insight: Gould argued the OCC can only ensure fair oversight by admitting qualified fintechs and crypto firms through national trust charters, saying regulation outside the perimeter is impossible. Supporting data: He acknowledged concerns over fairness as the OCC reviews trust charters like Coinbase’s and said Dodd-Frank narrowed the “scope of banking relevance,” driving innovation […]

Gould backs charters to bring nonbanks into regulatory fold Read More »

Fed’s Bowman seeks level field for banks on digital assets

Cryptocurrency, Monetary policy, Politics and policy, Stablecoin /

Key Insight: Fed Vice Chair for Supervision Michelle Bowman said she wants banks to have an even playing field with nonbanks when it comes to holding digital assets, though stressed this should be done in a way that promotes safety and soundness.  Expert quote: “We want to make sure [banks are] engaging in a way that separates

Fed’s Bowman seeks level field for banks on digital assets Read More »

A new experience, designed for today’s mortgage industry execs

Uncategorized /

Dear Readers, Next week, we’ll be introducing the redesigned National Mortgage News home page, a transformation inspired by how today’s mortgage industry professionals learn, connect, and grow. Our goal was simple: to make it easier for you to access everything National Mortgage News has to offer. While our award-winning journalism remains at the heart of

A new experience, designed for today’s mortgage industry execs Read More »

FHFA’s internal watchdog reportedly ousted

FHFA, Politics and policy, Regulation and compliance /

The inspector general of the Federal Housing Finance Agency has reportedly been ousted, leaving vacant a key internal overseer.  Acting IG Joe Allen is being removed from his role, Reuters reported Monday afternoon, citing four unnamed sources. Allen, the Office of Inspector General’s chief counsel and a longtime Department of Justice employee, replaced former Biden

FHFA’s internal watchdog reportedly ousted Read More »

Flagstar agrees to $31.5 million data breach settlement

Cyber security, Flagstar Bank, Fraud, Law and legal issues /

Flagstar Bank has agreed to a $31.5 million settlement to resolve two class action lawsuits stemming from data breaches which impacted over 2 million consumers. The agreement, pending a Michigan federal judge’s approval, will create the fund for approximately 2,187,170 class members, according to case filings in October. The bank suffered two distinct cyberattacks in

Flagstar agrees to $31.5 million data breach settlement Read More »

CFPB’s cybersecurity program ‘no longer effective:’ OIG says

CFPB’s cybersecurity program ‘no longer effective:’ OIG says

CFPB News & Analysis, Consumer banking, Cyber security, Risk management /

Samuel Corum/Bloomberg What’s at stake: The CFPB uses outdated software and has no strategy for responding to cybersecurity risks, the report found. Supporting Data: The CFPB’s information security program experienced a rapid drop in effectiveness — from a level 4 in fiscal year 2024 to a level 2 rating in fiscal year 2025. Forward Look:

CFPB’s cybersecurity program ‘no longer effective:’ OIG says Read More »

Fed, not GSEs, should be mortgage securities backstop: BofA

Mortgage Rates, Politics and policy, Secondary markets, Securitization /

Analysts at Bank of America Securities say they are in the minority in believing Fannie Mae and Freddie Mac should return to serving as the main backstop buyers of agency mortgage-backed securities. BofA Securities has said the return of the GSEs as major MBS purchasers “would be welcomed in managed form, particularly given their retained

Fed, not GSEs, should be mortgage securities backstop: BofA Read More »

Fed’s Cook strikes hawkish tone in rare appearance

Fed’s Cook strikes hawkish tone in rare appearance

Federal Reserve, Interest rates, Monetary policy /

Ting Shen/Bloomberg Key Insight: Fed Gov. Lisa Cook highlighted her commitment to getting inflation to 2% and said she will “act forcefully” if signs emerge that point to cost pressures increasing. Expert quote: “Looking ahead, policy is not on a predetermined path.” — Fed Gov. Lisa Cook. What’s at stake: Cook’s remarks come amid a growing rift

Fed’s Cook strikes hawkish tone in rare appearance Read More »

Refis revive mortgage market, but trouble’s brewing

Refis revive mortgage market, but trouble’s brewing

Home equity loans, Originations, TransUnion /

Rates have dipped enough to stir refinancing and home-equity borrowing, but not enough to ease the strain on stretched homeowners. New industry data shows mortgage originations rising in the second quarter and home equity lending climbing for a fifth straight quarter, even as third-quarter delinquencies edged higher, signaling growing stress for some borrowers. Originations climbed

Refis revive mortgage market, but trouble’s brewing Read More »