In this week’s newscast, Wells Fargo puts its FFELP portfolio up for sale, Bank of America says its almost done unloading mortgage servicing rights and Cantor nabs two bankers from RBS.
More From Asset Securitization Report
UWM scraps credit score minimums amid KBW downgrade
Fannie, Freddie and Ginnie loan eligibility now rests on AUS findings, with scores kept for pricing. KBW cut UWM's price target to $1.50 as it launches a $400M rights offering.
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.
How banks are navigating the AI data center backlash
JPMorganChase, Goldman Sachs, Citi, Morgan Stanley, Wells Fargo and Bank of America are among the biggest backers of data centers. Community opposition isn't slowing them down, but it's making them rethink their approach to managing risks.
CFPB will no longer publish consumer complaint narratives
The Consumer Financial Protection Bureau said it will stop publishing consumer complaint narratives, citing concern that the information is one-sided.
Inside Bank of America’s $250 billion in data center funding
It's not just about AI and the bank is not walking away from its green goals, Karen Fang, the initiative's leader, told American Banker.
