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August 2025

August Demo Day: Developer Platform by Dark Matter

Demo Day, Sponsored, Technology /

Developer Platform The Developer Platform offers access to a fully open API ecosystem. By providing external developers with self-service access to documentation, code samples, and integration guides, the portal eliminates barriers to innovation—empowering clients and partners to build on Empower with greater speed and autonomy. Designed with the developer experience at its core, the portal […]

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FOA posts profit, buys out Blackstone stake

Earnings, LOAN PRODUCTS, Marketing, Originations, Reverse mortgages, Securitization /

Finance of America was profitable for a second consecutive quarter as funded volume at the reverse mortgage lender grew 7% versus the first quarter and 35% year-over-year. The company made net income from continuing operations of $80 million for the period ended June 30, unchanged from the first quarter and up from a $5 million

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Fannie Mae and Freddie Mac’s regulator raising LIHTC limits

Housing markets, Politics and policy, Secondary markets, Tax strategies /

Fannie Mae and Freddie Mac’s regulator announced additional leeway for them to invest more heavily in low-income housing tax credits in line with the passage of recent legislation. Each can now invest up to $2 billion for a total of $4 billion per year, twice the previous limit, according to a press release from U.S.

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Donald Trump

Trump changes tone on debanking, lays more blame on banks

Bank of America, Cryptocurrency, JPMorgan Chase, Politics and policy, Trump administration /

WASHINGTON — The Trump administration upped its rhetoric on debanking again on Tuesday, this time targeting banks themselves rather than their regulators. President Donald Trump once again took aim at two of the country’s largest banks, JPMorgan Chase and Bank of America, and their chief executives, for what he framed without evidence as discrimination against

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Looser underwriting boosts serious default risk in 1Q25

Distressed, Economy, Servicing, Underwriting /

Some loosening in mortgage underwriting contributed to the 8-basis-point quarter-to-quarter increase in the Milliman Mortgage Default Index. This measurement is an estimate of the lifetime serious delinquency rate, which Milliman defines as loans for which the borrower is 180 or more days late on their payments. It looks at loans acquired by the government-sponsored enterprises

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Past due

More consumers are in delinquency as student loans sour

Citigroup, Consumer lending, Credit cards, Debt, JPMorgan Chase, Student loan debt /

hand holding envelope with overdue bill- vector illustrationAdobe Stock Late-payment rates among U.S. households remained elevated in the second quarter of 2025, driven in part by another steep slide into serious delinquency by student loan borrowers. By the end of June, 4.4% of Americans’ total outstanding debt was in some form of delinquency, according to

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Angel Oak bets on non-QM in volatile Q2 report

Capital markets, Earnings, Secondary markets /

Angel Oak Mortgage REIT eked out a profit in the second quarter but missed Wall Street expectations partially due to a note offering.  The non-qualified mortgage player Tuesday reported net income of $767,000 for the period, well below an S&P Capital IQ consensus mean estimate of $6.34 million. The real estate investment trust’s quarterly results

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Judge rules Mr. Cooper data breach borrowers have standing

Cyber security, Data breaches, Industry News, Law and legal issues /

A Texas federal judge overseeing the data breach suit against Mr. Cooper refused to dismiss the case, as was previously requested by the mortgage servicer. In a recently published order, U.S. District Judge David Godbey, wrote that the court finds the plaintiffs have standing to bring some claims against Mr. Cooper, though others have been

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