GSEs could exit conservatorship fast, experts say
Given FHFA Director Bill Pulte’s history of making regulatory pronouncements via X, some theorize the release of Fannie Mae and Freddie Mac could occur in the same way.
First Citizens benefits from return of spread income growth
Though loan growth was soft in the second quarter, the Raleigh, North Carolina regional bank is seeing some hope for a second-half pickup. Meanwhile, it benefited from a 2% gain in net interest income.
House advances crypto crime bill with bipartisan backing
The Financial Technology Protection Act would create a task force to stop terrorists and criminals from using digital assets, as lawmakers push for stronger oversight for emerging technologies.
After weak quarter, Sallie Mae foresees big beautiful future
The student loan giant fell far short of Wall Street’s expectations, but its leaders say President Trump’s “Big Beautiful Bill” is likely to bring it billions of dollars in new business.
Fannie Mae cuts rate forecast, raises volume outlook
Fannie Mae also foresees more home sales than it did in June, but the Mortgage Bankers Association reduced its origination projections for 2025.
Press Release: FDIC Publishes Enforcement Orders for June 2025
PRESS RELEASE | JULY 25, 2025 FDIC Publishes Enforcement Orders for June 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in June 2025. There are no administrative hearings scheduled for August 2025. Order Terminating Consent Order: Citizens State Bank, […]
AI is the clear answer to America’s financial literacy crisis
A huge percentage of Americans, particularly Gen Z and millennials, score poorly on financial literacy tests, with predictable consequences. AI-powered agents would help empower them.
Flagstar’s losses shrink as bank looks toward profitability
The Long Island-based company’s second-quarter net loss was the seventh consecutive quarter in which it has reported a net loss. CEO Joseph Otting remained optimistic Friday about the bank’s future, saying it should return to profitability in the fourth quarter.
Not over yet: Office loans are still inflicting pain
Eagle Bancorp in Maryland took a major quarterly loss due to challenges in its office loan portfolio. It’s one of many banks working to trim down their commercial real estate loan books.
Trump, Powell tussle over renovation costs in rare visit
President Trump and Senate Banking Committee Chair Tim Scott, R-S.C., visited the Federal Reserve Board headquarters Thursday afternoon to inspect ongoing renovations whose cost overruns have heightened scrutiny of Fed chair Jerome Powell.