Countrywide Credit Industries Inc. said it funded
Vice chairman Angelo R. Mozilo said overall loan funding was up 56% from
"Higher application activity fueled growth in the pipeline of loans in
The company's servicing portfolio reached $173 billion during the month.
Countrywide's fixed-rate loan production amounted to $3.4 billion, or
Purchase mortgage activity was $2.7 billion, up from $2.1 billion the
The company funded $141 million of home equity loans, up from $60
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
