Slowing economic growth could keep the Bank of Canada on hold

July 29, 2023by

The latest barometer of Canada’s economic growth is being described as “disappointing,” which some say could be enough to...

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Western Asset Mortgage Capital close to axing merger with TPT

July 29, 2023by

Western Asset Mortgage Capital Corporation is considering dropping out of its merger agreement with real estate investment firm Terra...

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Regulators issue guidance on Fed discount window, emergency borrowing

July 29, 2023by

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency Friday issued a guidance...

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The Agency ventures into core services

July 29, 2023by

Mauricio Umansky‘s residential brokerage The Agency is venturing into core services. Through partnerships with Bubble Insurance Solutions and New American...

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Lender admits guilt in fraud case involving bogus IPO

July 29, 2023by

An Orange County, California, correspondent lender pleaded guilty to fraud this week after bilking an investor of $5.3 million...

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JPMorgan to buy almost $2B of mortgages in the PacWest deal: reports

July 29, 2023by

JPMorgan Chase will buy nearly $2 billion worth of mortgages to grease Banc of California‘s purchase of PacWest Bancorp,...

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Redwood foresees proposed bank rules boosting jumbo opportunity

July 29, 2023by

The proposed bank capital rule changes could create further opportunity for Redwood Trust when it comes to non-agency mortgages,...

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Mike Cagney’s Figure lays off 20% of staff amid IPO plans

July 29, 2023by

Figure's lending business hit a record $900 million in volume during the second quarter and reached $83.5 million in...

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CFPB report describes reverse mortgage issue in LO comp section

July 29, 2023by

The Consumer Financial Protection Bureau (CFPB) this week released the latest edition of its “Supervisory Highlights” report, in which...

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Nearly 90% of older adults want to age in place: survey

July 29, 2023by

In a survey of 1,000 respondents aged 55 or older, 89% of respondents said they wished to age in...

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