Scaling from Freelancer to Business Owner

Banks have a lot to celebrate in the operational risk framework, but advocates warn it cuts capital too far. View the full article

Trade groups representing banks and utilities urged lawmakers to reauthorize the CISA law before it expires in September. View the full article

A proposed update to Basel III capital rules from federal banking regulators does not specifically include mortgage insurance as a factor in determining the risk weight for a mortgage loan held on a bank's balance sheet. Industry experts say it should. View the full article

Supply chain attacks have doubled since 2021, with professional services firms increasingly acting as "stepping stones" to access bank data. View the full article

Many servicing metrics look weaker amid lower rates although valuations can vary depending on companies' models, operations and portfolio composition. View the full article

Late last year, commercial bank holdings of mortgage paper reached the highest level since 2023 as these depositories are flush with deposits. View the full article

What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate. View the full article

The Chicago-based homeowners received a $41,000 check to pay down a portion of their existing mortgage, freeing them from the lock-in effect, DREAM product provider Takara said. View the full article

The vendor, SitusAMC Group Holdings, LP, said in a statement Saturday that someone compromised its systems and took client data including "accounting records and legal agreements." View the full article

The quarterly data showed bank profits were driven by gains at large firms while credit quality remained mixed, with commercial real estate loan stress at relatively high levels. View the full article

The Federal Reserve governor said it is healthy to examine the regulatory architecture, but stressed the importance of the central bank having insight into the banking system. View the full article

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. View the full article

A capital rule overhaul could make bank charters attractive to independent mortgage banks, reshaping who controls home lending in America. View the full article

Bowman's Basel III relief may ease MSR capital but won't bring banks back; risk weights and economics still favor nonbanks, according to the Chairman of Whalen Global Advisors View the full article

A first look at the capital plan suggests it moves the real estate finance industry closer to changes it lobbied for, but the devil may be in the details. View the full article

Federal regulators issued proposals Thursday to implement the final elements of the Basel III accords, adjust the Global Systemically Important Bank surcharge and implement standardized approaches for risk-weighted assets. The changes would reduce capital requirements for banks of all sizes affected by the rules. View the full article

The pending agreement would resolve claims over a 2021 hack which affected 5.8 million customers of Lakeview, Community, and Pingora Loan Servicing. View the full article

Beeline's product division, dubbed Beeline Labs, will be rolling out an AI-powered quality control product for mortgage lenders. View the full article

The 30-year fixed rate mortgage dropped 3 basis points this week, its lowest level since October and just over its 52-week bottom, Freddie Mac reported. View the full article

The lender claims an originator ambushed executives in a negotiation with the confidential company financials and claimed to have shared them with competitors. View the full article

The administration has previously said the finalists are Fed Governors Christopher Waller and Michelle Bowman, former Governor Kevin Warsh, National Economic Council Director Kevin Hassett and BlackRock Inc. executive Rick Rieder. View the full article

In a speech at the American Bankers Association Washington Summit Wednesday morning, Treasury Secretary Scott Bessent downplayed economic risks from tariffs, floated capital reforms, and urged regulatory relief for community banks. View the full article

Treasury Secretary Scott Bessent said the Federal Reserve Board should reject the renomination of any regional Federal Reserve Bank presidents who have not lived in their districts for three years, signaling a potential confrontation when reappointments come before the board in February. View the full article