Chimera will pay $30 million upfront for Palisades Group and an earnout of up to $20 million.

PNC's margin on mortgage production declined from 1.96% in the second quarter of 2024 to 1.45% in the third quarter.

No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.

Damage costs from Hurricane Milton could affect insurance underwriting margins and earnings.

Freedom Mortgage is set to issue a $255.0 million transaction tied to financing acquisitions of mortgage servicing rights for loans associated with Fannie Mae.

FHA said the revisions more closely align with computer-security incident notification standards crafted by the federal banking agencies.

The inspector general found that FHFA didn’t effectively maintain contingency planning documents for its general support system.

Seed funding was raised from Redwood Trust Ventures and Silicon Valley Bank, among other investors.

Mat Ishbia, president and CEO of UWM, said “retail competitors and large servicers are intensely working to solicit” borrowers who received their existing mortgages through brokers.

The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.