The lender is in talks with the Consumer Financial Protection Bureau to resolve several possible violations in its auto lending, mortgage lending and consumer deposit programs. Wells already holds the record for the highest fine issued in connection with a CFPB enforcement action.

It’s been a roller coaster ride for Finance of America and its shareholders. Rising rates have hammered its business lines and it’s anticipated the company will exit the MSR arena. FoA went public just over 18 months ago.

Top executives from the nation’s private mortgage insurers say they’re monitoring volatility and preparing for an uptick in unemployment.

UWM’s CEO, a former college basketball player, is contemplating making a bid on the NFL Commanders franchise. Will it come to pass? Meanwhile, one large non-QM shop is ready to make retail cuts.

The 58.2% sequential decline in aggregate CRT issuance was the sharpest decline since the start of the pandemic...

CEO Frank Martell: "We are excited about the launch of our digital HELOC"...

FoA is down to $169 million of cash and cash equivalents...

Fannie boosted its net worth position to $58.8 billion. Freddie’s reading came in at $35.2 billion...

AOM purchased $62.4 million of non-QMs with a weighted average coupon of 7.1% in the third quarter...

These MSRs should stick around a long time: The average interest rate is 3.2%...