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With Asset Cap Off, Wells Plans Growth Outside of Mortgages

June 20, 2025
Brandon Ivey
Wells Fargo has the freedom to increase activity in various financial products now that the bank is out from under an asset cap. And officials at the bank have plenty of plans for growth, but not with mortgages.
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A Mixed Bag at Best for Mortgage Hiring

June 20, 2025
Paul Muolo
Home lending is picking up, but not dramatically. And that means mortgage bankers are being cautious about hiring.
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CFPB Suffers Blow in Its Bid to Vacate Townstone Settlement

June 20, 2025
Shannon Clark
The court’s decision may give the CFPB “some pause” as to how it approaches other reversals, according to industry attorneys.
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Trump, Republicans Target FEMA-Led Disaster Relief

June 20, 2025
Emmeline Willey
The Trump administration and Republicans in Congress are aiming to restrict access to relief from the Federal Emergency Management Agency – or get rid of it entirely.
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Change Wins $94M Judgment Against Former Employee

June 20, 2025
Abby Zimmardi
The community development financial institution won a lawsuit against its former chief of staff, Adam Levine, over a multi-million-dollar extortion scheme.
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Grapevine: Bayview Buying Guild; Progress on Trigger Leads

June 20, 2025
Brandon Ivey
Bayview to acquire Guild; Senate approves trigger leads bill; REIT to acquire non-QM lender, Fairway to acquire retail lender; trade groups seek exemption for real estate from potential new tax.
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Cenlar Launching Warehouse Lending and Conduit

June 19, 2025
Paul Muolo
Cenlar is building a new warehouse finance operation and mortgage conduit, adding to its leading subservicing offering.
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Lenders Hoping for Regulatory Revisions, Not Rescissions

June 12, 2025
Brandon Ivey
Industry participants are worried the Trump administration is using a chainsaw, rather than a scalpel, in its deregulation efforts.
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Senate Bill Seeks to Zero Out CFPB’s Funding From Fed

June 12, 2025
Shannon Clark
Sen. Tim Scott, R-SC, chair of the Senate Committee on Banking, Housing and Urban Affairs, said the move wouldn’t affect the CFPB’s existing ability to request funds from Congress.
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Bill Banning Trigger Leads Sent to House Floor

June 12, 2025
Emmeline Willey
The legislation cleared the House Committee on Financial Services with a 46-0 vote this week against opposition from credit bureaus.
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