This summer, San Diego municipal leaders were forced to allow more dense housing along transit lines to comply with a new state law. Now a court may decide to rid even more barriers to housing density after pro-housing organizations sued, alleging that cities disqualified too many urban parcels in their maps, now subject to state […]

For decades, the Agency Mortgage-Backed Securities (MBS) market operated on an implicit, foundational constant: a loan’s representative credit score meant Classic FICO. Capital markets desks built trading algorithms around it, risk engines calibrated duration based on it and specified pool buyers paid billions in pay-ups resting on their predictable prepayment behavior. That baseline is shifting.

Oklahoma-based Gateway First Bank has agreed to acquire Colonial Savings F.A., expanding its mortgage-focused banking model in Texas. Financial terms were not disclosed. The deal is designed to pair Gateway’s scale in mortgage lending and diversified banking with Colonial’s longstanding local franchise and customer relationships. Colonial has six locations across the Greater Fort Worth market.