A slight rise in the unemployment rate in August helped to reinforce expectations that the Fed will cut the federal funds rate this month.

First Interstate Bank posted the largest loss in the second quarter, spilling $5.5 million of red ink.

PennyMac Loan Services accounted for 40.8% of the planned $356.1 million issuance, followed by Rocket Mortgage with a 32.8% share and Newrez with a 24.2% share.

Crestline Management is based in Forth Worth, TX, and has $17.0 billion of assets under management.

VantageScore and FICO offer competing research claiming that their respective scores are better.

Stephen Miran, President Trump’s nominee to fill a vacant governor position at the Federal Reserve, said he intends to preserve the Fed’s independence if confirmed for the position.

Only two of the 11 regional banks saw a sequential increase in profits in the second quarter.

Expanded-credit MBS marketing had paused after Aug. 22.

A proposal from the CFPB would limit the bureau's ability to designate nonbanks for supervision.

The bank projected that it will take more than four years to recover the $9.3 million loss tied to the sale of the MBS.