Contracts, Invoices & Legal

A new research report this week found AI could 'unlock' $370 billion in profits for banks, though they're not yet ready to capture it. But big-bank executives say they are already seeing measurable results from their generative and traditional AI investments. View the full article

The former CEO of the Broker Action Coalition left that post after 10 months following that group's split from the Association of Independent Mortgage Experts. View the full article

Interest-only loans, popular pre-2008, have revamped requirements and can be an option for borrowers looking for short-term lower payments, stakeholders say. View the full article

TruLookup for Real Estate reduces the need for realtors to access multiple databases or download numerous apps when researching a potential client or property. View the full article

Gahanna, Ohio was the hottest ZIP code for the second consecutive year. View the full article

Sean Desmond, the new CEO of nCino, hinted at some of the products under development in an interview with American Banker. View the full article

The regulator has a projected fiscal year 2025 budget of $810 million, according to a nonpartisan analysis. View the full article

The wholesale and non qm lender said it's placed Serene Vernon on administrative leave and elevated capital markets officer John Hamel to the role of president. View the full article

Contract signings fell 5.5% to 74.2 in December, according to a National Association of Realtors index released Thursday. View the full article

Potential policy changes, a growing product niche, new thinking about whether to outsource and technology innovations are transforming the industry. View the full article

Inflation-adjusted gross domestic product increased an annualized 2.3% in the fourth quarter after rising 3.1% in the prior three-month period, according to the government's initial estimate published Thursday. View the full article

Lumber retains protections for now, but construction stocks still fell, and while the initial market reaction lowered rates, there could later be a reversal. View the full article

These home lenders with between 100 and 499 employees are considered among their staffs the best mortgage company to work for in 2025. View the full article

Private lenders are looking for ways to expand their reach as their traditional market has become crowded, and nonconforming mortgage lending is an answer. View the full article

Consumer Financial Protection Bureau employees — most of whom are on administrative leave — were asked in an email to list what they accomplished last week. National Treasury Employees Union Chapter 335 said workers should list all the tasks they were told not to perform. View the full article

United Wholesale Mortgage led its industry peers in total origination volume, though Rocket Mortgage and Crosscountry weren't that far behind. View the full article

Beeline's product division, dubbed Beeline Labs, will be rolling out an AI-powered quality control product for mortgage lenders. View the full article

The first year of Otting's tenure as the New York lender's CEO brought substantial change, but the job isn't done. His goal: to build a powerhouse, profitable regional bank. View the full article

While artificial intelligence can quickly analyze and compare products for consumers, social media and other online tools still serve to educate them. View the full article

Tariffs, the employment pool and requirements to tap financing are potential roadblocks that need to be addressed in order to increase new builds. View the full article

Federal Reserve Gov. Michelle Bowman — who is viewed as a leading contender to be the next Vice Chair for Supervision at the central bank — said changes to the post-financial crisis framework should be a focal point of the central bank's ongoing regulatory policy review. View the full article

While prices are still rising, an increase in reductions from listing suggests sellers are adjusting to the new reality for home buying this season. View the full article

Nations Lending claims two former branch managers diverted business to CMG Financial before leaving to their new place of employment. View the full article

Mortgage 1 Inc., founded in 1994, says customers and regulators have mistakenly contacted it instead of Mortgage One Funding, which changed its name in 2021. View the full article

Close to 88% of all homeowners reported staying in the same home year-over-year compared to 85.1% reported a decade ago, per U.S. Census data. View the full article