U.S. antitrust authorities gave their blessing to a merger between BB&T and SunTrust Banks, the Justice Department has announced. So reports CNBC.

Two giants of the U.S. mortgage industry, Black Knight and PennyMac, have opened up a legal battle with each other over what each side views as unfair business practices. So reports Newsweek.

Bill Bodnar of the Mortgage Market Guide discusses last week's Fed rate cut, the jobs report that easily beat expectations, revisions to previous jobs numbers, hourly earnings data and how a lot of recent data has poured cold water on a recession talk.