American Banker data found that those who upped artificial intelligence spending by more than 25% in the last year saw major improvements in employee output.
-
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
April 8
-
The proceeds from PAID 2026-R2 will fund a purchase account, which will purchase unsecured consumer loans from PAID 2024-2 and 2024-3.
April 7
-
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
April 7
-
Loans with original terms longer than 60 months now represent 71.7% of the pool, up from 70.4% in the prior deal.
April 7
-
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
April 6
-
Loans with original balances higher than $100,000 accounted for 16.1% of the pool, down from 20.3% in the 2025-2 pool of the Hilton Grand Vacations Trust.
April 6
-
Losses stemming from the 2022 vintage have been offset by excess spread, while cure and roll rates signal caution.
April 6
-
United Wholesale Mortgage lost ground to RKT in one category but held onto a healthy lead in another, an analysis of Home Mortgage Disclosure Act data shows.
April 3
-
All 244 underlying loans initially had a period of fixed rates between 60 and 120 months at origination and are currently ARMs, although none are interest-only.
April 2
-
The 30-year fixed rate climbed to 6.46% this week, its highest mark since September, as mortgage applications fell 10.4% and sellers outnumber buyers by a record 46%.
April 2
-
Banks have a lot to celebrate in the operational risk framework, but advocates warn it cuts capital too far.
April 2
-
The Department of Justice is seeking court approval to immediately fire more than 600 employees, slashing the CFPB's workforce by 53%.
April 1
