Contracts, Invoices & Legal

Current CEO Rick Thornberry is retiring as Radian shifts to a multi-line business, with former Mr. Cooper President Mike Weinbach taking over on Aug. 13. View the full article

Treasury Secretary Scott Bessent on Wednesday defended cuts to the Community Development Financial Institution Fund in the president's 2027 budget, telling the Senate Appropriations Committee that the program had pursued a "partisan wish list." View the full article

More than half of the major metropolitan markets in the United States posted year-over-year price declines in February, according to a new report. View the full article

Core CPI came in above forecasts and Treasury yields surged, while copper's record-high prices add to inflation concerns, the head of correspondent business development at AD Mortgage writes. View the full article

Dozens of plaintiffs say they still haven't received a full explanation over the mass termination announced last April by FHFA Director Bill Pulte. View the full article

About two-thirds of respondents to a NewDay survey said their education about the benefit was lacking either during their time in the service or afterwards. View the full article

The Treasury Department held a high-stakes huddle with state insurance officials to discuss risks associated with the rapid growth of private credit in the economy and whether those investments could pose systemic vulnerabilities. View the full article

Some litigants are "knuckleheads" but others are real threats, and well-pleaded cases can easily cost companies millions of dollars, TCPA attorney Eric Troutman said. View the full article

Life insurers' borrowings from the Federal Home Loan banks has increased in recent years, raising concerns about opaque, private credit investments and how it intersects with the Federal Home Loan banks' housing mission. View the full article

The company turned a GAAP profit of $170.4 million for the quarter, with its volume and margins relatively flat compared with the fourth quarter of 2025. View the full article

The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average. View the full article

Lender and servicer Loandepot, reeling from a larger loss in the first quarter, could use the potential funds to cover daily operations or repay debt. View the full article

Loanstream allegedly made over 272,000 calls to over 53,000 unique numbers on the Do Not Call registry over a 10-month period, according to a case filing. View the full article

Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank. View the full article

Even as they continue to press for additional changes, banks get some wins from the revised Basel capital framework and a ballpark estimate of their capital outlook for the next few years. View the full article

The Federal Housing Administration put an end to pandemic-era relief last year, triggering a 28% jump in foreclosures on FHA loans in the first quarter and an expected spike in defaults ahead. View the full article

The promotion offers rate cuts as much as 25 basis points on new-home purchases as well as rate-and-term and cash-out refinance loans from May 4 through May 17. View the full article

Federal Reserve Gov. Michael Barr said Tuesday that the U.S. energy sector is more insulated from shocks than Europe's, particularly in natural gas prices. However, he warned that the war is pushing up gasoline prices, which could spill over into other parts of the economy. View the full article

Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry. View the full article

Sales of previously owned US homes barely rose in April from a nine-month low, underscoring a sluggish housing market at the start of the spring-selling season. View the full article

Financial institutions that are members could gain access to expedited funding through a Fed partnership and advances secured by a broader range of collateral. View the full article

SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices. View the full article

Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said. View the full article

Sen. Thom Tillis, R-N.C., said on Sunday that he no longer opposes Kevin Warsh's nomination to serve as chair of the Federal Reserve following the Justice Department's announced closure of its inquiry into current Fed Chair Jerome Powell. View the full article

Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs. View the full article