Industry News
Coming Up:
Mr. Cooper Group Announces Q3 Net Income Of $275 Million, Edges Closer To $1 Trillion Target
CEO Jay Bray touts balanced business model as the driving force behind consistent growth; company initiates search for successor following vice chairman's retirement announcement.
Homestar Financial Shuts Down Amidst Mortgage Volatility
Rising mortgage rates, lock volume decrease, and market compression force the closure of prominent Georgia-based lender, ending its two-decade run.
Federal Reserve Approves Major CRA Overhaul After Nearly Three Decades
Final rule for CRA modernization promises more flexibility, 2-year implementation, and a nod to digital banking.
Exchange Ratio Set For AG Mortgage Investment Trust and Western Asset Mortgage Capital Merger
The final ratio is slightly lower than first announced in June.
The Mortgage Market’s Disappearing Middle
A brutal winter reckoning to come for undercapitalized, medium-sized lenders
Mortgage Banker