Non-QM issuance estimates boosted due to investor demand
Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
Practice management
Rocket starts higher conforming limit marketing push
Rocket jumps first to raise 2027 conforming loan limits to $845,000, with Rate and CrossCountry matching; UWM's move still pending marking an early signal of IMB competitive positioning.
Citi’s investment roadmap raises eyebrows on Wall Street
The global bank said it's ready to take advantage of opportunities to accelerate investments into its business, with an eye toward achieving longer-term, sustainable growth. Analysts had tough questions about the plans.
Truist shakes up C-suite, names Fiserv’s Lyons as CEO
The North Carolina-based regional has recruited Michael Lyons to serve as CEO, starting Sept. 1. Lyons will replace Bill Rogers, who plans to retire in April 2027.
The non-agency market is bigger than you think
Lenders at the MBA conference say non-agency is more than just non-QM — and those still treating it as a niche product are falling behind as it becomes a core part of the business.
UWM posts strong Q1 in the midst of Two Harbors battle
The company turned a GAAP profit of $170.4 million for the quarter, with its volume and margins relatively flat compared with the fourth quarter of 2025.
LoanDepot adds wholesale production 3 years after exit
The company dropped the broker channel just months after Frank Martell became CEO; now that Anthony Hsieh is running things again, LoanDepot brought it back.
The 5 biggest bank M&A deals of 2025
Bank merger and acquisition activity rebounded this year, led by Fifth Third's $10.9 billion proposed purchase of Comerica. Huntington, PNC and Columbia were involved in some of the other biggest deals announced in 2025.
Fifth Third-Comerica deal wins more support amid lawsuit
Proxy advisory firm Institutional Shareholder Services recommended approval of Fifth Third's $10.9 billion proposed acquisition of Comerica.
Housing market will be soft in 2026, KBW analysts warn
The home purchase market, which competes for consumers with rentals, should remain subdued in 2026 because of high mortgage rates and low affordability.
Columbia eschews more M&A amid activist investor heat
The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
Ex-Pimco executive plans Europe’s first catastrophe-bond ETF
King Ridge is already managing the world's first-ever cat-bond ETF for Brookmont Capital Management, which initially planned a European version of its ETF, but shelved it earlier this year.
What Trump’s push to end quarterly reports means for banks
As President Trump calls for scrapping quarterly earnings reports and switching to a six-month schedule, industry observers wonder whether the time saved would be worth the potential loss of transparency.
TD Bank has shrunk U.S. assets by $48B since asset cap
The Canadian bank said it will take at least a year to hit an inflection point in U.S. loan growth. It has been shedding assets in an effort to free up space for growth in more promising business lines.
In rare move, Flagstar seeks to dissolve its holding company
Flagstar Bank wants to merge its holding company into the bank, which would cut $15 million in annual expenses and eliminate regulatory oversight by the Federal Reserve, leaving the OCC as its primary regulator. The bank's CEO, Joseph Otting, is a former comptroller of the currency.
How Santander plans to grow in the US
While other European-based banks have retreated from the United States, Santander is doubling down by building out its nationwide digital-banking platform. "Unequivocally," said U.S. CEO Christiana Riley, "the opportunity … is so clear."
Trump’s tariffs roil bank stocks, but lenders stay calm
Bankers' surveys of commercial clients have found that corporate decision-makers are less concerned about adverse tariff effects than nervous investors.
Mortgage credit hits 2-year high but remains tight
For the first time in almost two years, mortgage products available for consumers are at a level established in 2012.
Bank economists warn of risks amid tariff bedlam
Forecasters on an American Bankers Association panel predict continued economic growth this year, though they say President Trump's tariffs have created new inflation and recession risks.
Why bank M&A is off to a sluggish start in 2025
Deal advisors said the Trump administration's tariff threats and the specter of inflation have given some bankers reason to pause on acquisition plans. Momentum could still mount, but uncertainty in Washington is a detriment early in the new year.
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