PHH Mortgage officially rolled out a new lending product suite this week as it looks to tap into growing mortgage industry demand for non-agency offerings. The proprietary non-qualified mortgage products, collectively known as FlexIQ, will be available through PHH’s correspondent lending channel for both delegated and non-delegated loans. The lender is a subsidiary of West […]

Key insight: The trade association letter urges the White House to reverse cuts to the congressionally mandated program. Supporting data: The Office of Management and Budget has let go CDFI Fund staff as part of a reduction in force across the government, and the administration has singled out the program for cuts to the extent

Key insight: A failure in an AWS internal subsystem in its northern Virginia region caused widespread errors and latencies across the internet on Monday. What’s at stake: The outage disrupted services at banks and fintechs like Navy Federal, Truist and Chime, reminding the sector of its concentration risk. Expert quote: “When AWS sneezes, half the