CHLA presses Trump team on Fannie, Freddie future
In a letter to federal leaders, the Community Home Lenders of America expressed views about a possible GSE merger and the need for "critical" mortgage products.
Industry News
More consumers are in delinquency as student loans sour
Late-payment rates among U.S. borrowers rose again in the second quarter, according to a report from the New York Fed. The trend reflects a sharp increase in student loan delinquencies, which have been climbing as pandemic-era policies have expired.
Rithm buys $1B in home reno loans from Upgrade
The forward-flow agreement with the lending fintech comes as home renovation spending surged during the first half of this decade.
Why mortgage rates are trapped in a narrow range
The 30-year fixed rate stayed within a narrow range throughout most of July, with forecasts likely to leave the housing market "stuck," said one economist.
Pinnacle, Synovus to merge; deal would create $116B bank
The two Southeast banks agreed to combine in a transaction valued at $8.6 billion. Synovus CEO Kevin Blair would be chief executive of the combined bank, but a slim majority of board members would come from Pinnacle.
Rithm Capital inks $1.5B deal for investor loans
A "large institutional investor" will provide funding to assist Rithm in acquiring as much as $1.5 billion worth of residential transition loans.
Wisc. bank deal is latest sign of a summer M&A surge
A July pickup in activity is just a start, experts say. The banking industry's drive for scale and greater efficiency is expected to drive a renewed wave of consolidation, pushing the institution count lower.
Capital One confirms Discover home equity shutdown
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
First Eagle sees CLO spreads tightening further
Last October's structural reorganization prepped the firm for this year's volatility.
By
John Hintze
Northern Trust shares jump on report of BNY merger interest
The CEOs of Bank of New York Mellon and Northern Trust have had at least one discussion about a potential merger, according to a Wall Street Journal article. On Monday, a spokesperson for Northern Trust said the bank "is fully committed to remaining independent."
If the CFPB axes the LO comp rule, what happens?
The Consumer Financial Protection Bureau pinpointed five rules that it wants the White House budget office to review. Details, however, are sparse.
Coller Capital bundles private equity stakes in $1 billion securitization
Citigroup Inc. is structuring the so-called collateralized fund obligation, which will include both debt and equity portions.
Guild Mortgage, Bayview Asset explore servicing M&A
This potential transaction would be part of a broader trend of mortgage lenders and servicing players converging, such as Rocket's recent acquisition of Mr. Cooper.
Trump regulatory changes benefit industry, MBA leader says
In remarks at a Mortgage Bankers Association conference, the trade group's CEO also acknowledged the need for some guardrails to remain in place.
Fannie Mae, Freddie Mac likely stuck in limbo through 2028
Don Layton, former Freddie Mac CEO, and self-proclaimed "GSEologist" predicts that a release of the two entities will occur within four to six years.
House Democrats question Bessent over CDFI contradictions
House Financial Services Committee ranking member Maxine Waters, D-Calif., led a group of Democrats in challenging Treasury Secretary Scott Bessent over the current state of the Community Development Financial Institutions Fund.
Bank mergers and acquisitions in doubt with tariff whiplash
After rapid changes in U.S. trade policy, banks and their clients are putting merger deals on ice until the dust settles.
Non-QM lending shops announce merger
Wholesale firm Ardri's acquisition of The Lending Spot comes after the company installed a mortgage industry veteran as its new president earlier this year.
Bank stocks tank after Trump promises sweeping tariffs
Fears of a recession intensified after President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, and the KBW Nasdaq Bank Index tumbled by nearly 10%.
Why Brookfield and Angel Oak are teaming up
The global asset manager wanted access to the smaller company's residential mortgage credit strategies, which will become available to a larger investor base.
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