Capital markets

The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.

The mortgage company was able to move a lot closer to its goal to become a $1 trillion servicer with the expiration of the final tender offer and closing of the deal.

But mortgage numbers remain historically very low and fall short of pre-pandemic levels, according to VantageScore's latest monthly report.

Consumer advocates are protesting specific risk-weighting changes affecting borrowers with lower down payments. Also, a broader increase in requirements may discourage depository holdings of servicing.

So far, the wager appears to be profitable. The private equity pair agreed to purchase their shares at $12.30 each, and the stock rally after the deal was announced means they are sitting on a paper profit of more than $90 million.

BlackRock will join an increasingly crowded field. Private equity and credit managers have been angling to buy dislocated assets from banks.

It's a toss-up between a recession or a soft landing, though some, including Fannie Mae's Doug Duncan, still believe a downturn is more likely than not.

The private equity giant's diversification of offerings and penchant for alternative investments has helped the company grow far beyond its buyout roots.

For large banks, the agencies wanted to go above the global standards for residential mortgages, as well as some business loans, to avoid giving those lenders a competitive advantage over smaller peers, according to another person familiar with the proposal.

Churchill Funding is accusing Easy Financial of reneging on a master purchase agreement both companies signed in 2020.