The Irvine, California-based firm reported a net loss of $67.5 million in the fourth quarter. https://www.nationalmortgagenews.com/news/loandepot-sees-earnings-dip-as-former-ceo-makes-his-return
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HUD drafts delay for new-build energy efficiency standards
The postponement would pertain to Federal Housing Administration-insured single- and multifamily loans and other final determination dates that have not passed. https://www.nationalmortgagenews.com/news/hud-drafts-delay-for-new-build-energy-efficiency-standards
Bessent says housing will ‘unfreeze’ in weeks, sees 2% inflation
Treasury Secretary Scott Bessent expects the U.S. housing market to quickly pick up steam after recent indicators came in below forecasts. https://www.nationalmortgagenews.com/articles/bessent-says-housing-will-unfreeze-in-weeks-sees-2-inflation
Fed ends two Wells Fargo orders tied to mortgage practices
The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday. https://www.nationalmortgagenews.com/articles/fed-ends-two-wells-fargo-orders-tied-to-mortgage-practices
Trump’s day one: Fire Chopra, reset CFPB, elevate crypto
A one-page outline of priorities for Trump's inauguration day obtained American Banker includes financial policy items, including firing Consumer Financial Protection Bureau Director Rohit Chopra, issuing a "reset" of that agency and designating crypto as a "national priority."...