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Related Articles
Key insight: The housing package aims to cut red tape for housing construction, especially manufactured housing. What's at stake: The bill also includes a handful of closely watched community bank riders, including measures related to reciprocal and custodial deposits. Forward look: President Donald Trump is expected to sign the bill without delay. WASHINGTON...
2026-06-24
Key insight: The housing package includes a custodial deposit bill that some experts say could make bank-fintech partnerships cheaper. Forward look: President Donald Trump is expected to sign the bill into law. Expert quote: "It seems when it comes to community banks, the biggest usage of custodial deposits — or at least...
2026-06-23
Pennymac is closing its Franklin, Tennessee, branch and laying off staff within its consumer direct lending operations as a result of macroeconomic conditions, the lender confirmed Tuesday.Processing Content"Given the current market environment and following a careful review of our staffing needs, Pennymac has made the difficult decision to close its...
2026-06-23
A California direct lender is dealing with the effects of a new data breach, the latest in a number of purported cyberattacks on the mortgage industry perpetrated by ransomware groups. Processing ContentHuntington Beach, California-based Optimum First Mortgage initially learned of a data incursion around June 19, according to legal documents filed...
2026-06-23












