The acquisition forms the eighth largest mortgage servicer nationwide, with a combined $400 billion in mortgage servicing rights.

For the trailing 12-month period that ended in October 2025, La Quinta Resort had an occupancy of 59.2%, and a revenue per available room $230.83.

Michael Hutchins, the two-time interim chief executive at the government-sponsored enterprise, will remain with the company in his role as president.

While heeding Fed Chair Powell's thinking to take employment numbers with a grain of salt, fixed-income professionals still felt that weak labor data would eventually set up further cuts.

The payments company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to create PayPal Bank. If approved, Mara McNeill, the former president and CEO of Toyota Financial Savings Bank, will serve as PayPal Bank's president.

The senior notes will build hard credit enhancement levels over time because classes B through G will be locked out of principal payments for eight months.

The home purchase market, which competes for consumers with rentals, should remain subdued in 2026 because of high mortgage rates and low affordability.

Federal Reserve Gov. Stephen Miran said higher goods prices could be the trade-off for bolstering national security and addressing geo-economic risks.

The industry expects resilient market conditions and fewer defaults, plus cheaper financing that supports M&A activity and more CLO issuance in 2026.

After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said.

The deal includes debt service coverage ratio (DSCR) triggers, where a cash trap event will occur on any payment date if the DSCR falls below 1.15x.

Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.