The Department of Housing and Urban Development’s Office of Inspector General found Neighborhood Loans’ quality control program was lacking during the pandemic.
The U.S. Court of Appeals for the Second Circuit upheld the fraud conviction of Michael Hild, founder and former CEO of the now-shuttered reverse-mortgage lender, Live Well Financial.
A remote workforce and growing demand for energy-intensive artificial intelligence are driving investors to ABS financing for data centers and fiber optic internet.
Although delinquencies are higher for certain consumer credit sectors compared to recent years, fundamentals are holding up and analysts are becoming more optimistic about the economy’s performance in the remainder of 2025.