A bank is fighting the Federal Reserve Board of Governors to roll out a loan program involving real estate purchases that the lender says it needs to compete with local independent mortgage banks. Processing Content Upstate New York-based Canandaigua National Corp. is contesting the Fed Board’s decision in the 2nd U.S. Circuit Court of Appeals, […]
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Compensation for leaders at publicly traded mortgage giants wavered last year, although a few executives received massive stock awards. Rocket Cos. CEO Varun Krishna led the field with $52.9 million in total compensation in 2025, according to the company’s annual report. Like his peers however, the majority of his earnings came in stock-related awards, although
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U.S. home equity levels pulled back to start the year, with the number of underwater mortgages now at its highest point since early 2022, according to real estate data platform Attom. Processing Content The share of seriously underwater properties across the U.S. increased to 3.2% in the first quarter, Attom researchers said in a new
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