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Regulation and compliance

How Kalshi, Polymarket bets on mortgage rates are being watched by lenders

MARKETING TO BORROWERS, Mortgage Rates, Mortgage technology, Regulation and compliance /

Will mortgage rates go higher this year? You can bet on it.  Processing Content Predictions market platforms Kalshi and Polymarket now feature nascent trading on where the 30-year fixed-rate mortgage will move this year. Anonymous traders have placed tens of thousands of dollars so far between the competing sites on “yes” or “no” contracts against […]

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Housing bill moves forward with institutional housing ban

Housing, Politics and policy, Regulation and compliance, Trump administration /

Key insight: The White House has indicated its support for the compromise legislative language now moving forward in the Senate. The House passed its own housing bill last month, which included a number of community bank-related riders.  What’s at stake: Legislative language related to brokered and custodial deposits, as well as other policy reforms aimed

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US Bank sees legal setbacks in New York foreclosure suits

Law and legal issues, New York, Regulation and compliance, Servicing /

A New York court ruled against U.S. Bank in its effort to retroactively pursue a years-long foreclosure case that the state deemed unenforceable.  Processing Content A New York appellate court denied an appeal by the bank to reverse a 2023 legal decision that stated the bank’s attempt to foreclose on defendant John Williams in 2019

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AI marketing calls spur suit against lender

Law and legal issues, Marketing, MARKETING TO BORROWERS, Regulation and compliance /

A Michigan lender is facing a class action lawsuit over its alleged use of artificial intelligence voice agents for outbound marketing calls in violation of federal laws. Processing Content In a complaint filed this week in an Eastern Michigan federal district court, Pennsylvania homeowner Brennan Landy accused Mortgage One Funding of employing an AI agent

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What’s it going to take to get banks back into mortgages?

Mortgages, Originations, Politics and policy, Regulation and compliance, Servicing /

Key Insight: Experts say even if regulators recalibrate capital standards, structural and competitive realities that did not exist before 2008 are the biggest drivers in their dwindling market share in mortgage origination and servicing. Nonbanks now dominate the sector, aided by leaner cost structures that are built for rate volatility — advantages that banks will

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Senate tees up housing bill, but what’s in it is unclear

Housing, Politics and policy, Regulation and compliance /

Key insight: The core of both the Senate and House versions of the legislation aim to increase the supply of housing, but a slew of bipartisan riders in the House version have been opposed by some Democrats in the upper chamber.  What’s at stake: The House version has a number of bank-favored riders, like brokered

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Banks close 2025 with strong profits, higher lending

FDIC, Politics and policy, Regulation and compliance /

Processing Content Key insight: Banks made $295.6 billion in net income in 2025. Supporting data: Banks’ net interest margin hit 3.39%. Forward look: Shortly after the data window, which showed no bank failures in Q4 2025, a small Chicago bank failed in January.  Banks closed 2025 profitably, with higher rates of lending and stable credit

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Karen Petrou, founder of Federal Financial Analytics, dies

Industry News, Obituaries, Politics and policy, Regulation and compliance /

WASHINGTON — Karen Petrou, co-founder and managing partner of Federal Financial Analytics and a luminary of financial policy, died Saturday afternoon of liver cancer after a brief illness. She was 73. Processing Content Petrou wielded an outsized presence in Washington economic and regulatory circles, cultivated over the course of decades in the industry and through

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Mortgage trade groups back call for updates to Basel III

Industry News, Originations, Politics and policy, Regulation and compliance /

A consortium of mortgage and banking trade groups is voicing support for changes to a capital risk framework governing depository institutions, which if enacted could expand their participation in home lending.  Processing Content In a letter addressed to federal officials, the groups called for further reexamination and a reproposal of the Basel III rule that

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Lender sued for steering and deceiving military veterans

Industry News, Law and legal issues, Marketing, Regulation and compliance /

Veterans United Home Loans is the target of a potential class-action lawsuit over alleged illegal predatory practices. Processing Content The three plaintiffs, all military veterans, accused the lender of deceptively suggesting it was part of the Department of Veterans Affairs or the federal government and steering clients to more costly loans, the filing said. The

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