Contracts, Invoices & Legal

A survey of senior bank officers at community banks by fintech firm IntraFi found bankers nearly evenly divided on the idea of merging federal bank regulators, while an overwhelming 93% support maintaining agency independence. View the full article

Plaintiffs alleging the lender manipulated home valuations ten years prior argued the interpretation of the rule cited in determining the case's standing was a stretch. View the full article

The 30-year conforming fixed-rate mortgage is at its lowest point since the end of December, as Treasury yields are 29 basis points lower since Feb. 19. View the full article

As tariff turbulence continues, BofA is predicting a slowdown, not a downturn. But America's second-largest bank is also signaling that it's prepared for a more severe scenario. View the full article

Russell Vought, should he be confirmed by the full Senate, would join a short list of those able to lead the CFPB, as his predecessor Mick Mulvaney did, per the requirements of the Vacancies Act. View the full article

The Treasury Department told the OMB that all 11 programs in the CDFI Fund are statutorily mandated. The White House said "no final decisions have been made" about the programs. View the full article

The organizations play a critical role in our economy, providing affordable single family mortgage loans to enable homeownership, writes the Executive Director of the Community Home Lenders of America View the full article

Through 1stResponder+, Rate is offering a complimentary one-year accidental death insurance policy that covers the mortgage balance up to $650,000. View the full article

Most participants in a monthly Wolters Kluwer survey no longer think the next short-term rate reduction will be in March.

Implemented in January, the Biden administration rule addressed flood risk in designated zones, setting building levels that were higher than FEMA standards. View the full article

As climate change causes more frequent disasters, more mortgages are at risk of going underwater. How can banks limit their exposure? View the full article

The Federal Reserve is set to refrain from cutting interest rates for "quite a while," following a hotter-than-expected inflation report, according to Mohamed El-Erian. View the full article

More government-backed loans shifted out of forbearance, while the share of portfolio and private-label securities loans remained flat from December. View the full article

The state's insurance commissioner made the change following analysis of title industry profits and expenses in Texas provided by its stakeholders. View the full article

The top five banks had a combined loan volume of more than $1 trillion held in portfolio at the end of Q4 2024. View the full article

TD has been adjusting its balance sheet to comply with a cap on its U.S. retail banking assets, imposed last year as part of its money-laundering plea. View the full article

Texas Capital is arguing against summary judgment, saying prior assertions about reverse mortgages' initial and subsequent draws need to be examined in court. View the full article

Its Arc Home lending business made money in December and January as the company leans more into home equity originations, which helped financial performance. View the full article

NJ Lenders, a nonbank licensed in 22 states, has over 100 loan originators and recorded nearly $1.5 billion in origination volume last year. View the full article

A joint venture between the military-focused Palantir and investment conglomerate TWG will sell cybersecurity protection to financial institutions that are wary about the safety of artificial intelligence. View the full article

The underlying prime mortgages have an average balance of $358,024, a weighted average (WA) original FICO score of 776, an original cumulative loan-to-value (LTV) ratio of 73.6%. View the full article

The megalender revealed it employed 14,200 team members at the year's end. View the full article

Pending sales of previously owned US homes rose in March by the most in more than a year as a brief dip in mortgage rates and a rising supply of houses brought out spring shoppers. View the full article

Refinance activity was up 16% from the end of February while purchase applications rose mildly, on the strength of fading rates amid larger economic woes. View the full article

While no additional details were disclosed, the housing regulator's inspector general typically probes cases which are prosecuted by the Department of Justice. View the full article