Contracts, Invoices & Legal

Buyers face decreased return on investment as home prices and rates remained at challenging levels while economic uncertainty clouded the outlook, Redfin said. View the full article

The average size of purchase applications fell below the $400,000 mark, reflecting first-time home buyer interest, the Mortgage Bankers Association said. View the full article

Scott Turner, secretary of the Department of Housing and Urban Development, extended borrowers more leeway after he toured the region with a local official. View the full article

As the 30-year fixed-rate declined by almost 20 basis points, borrowers took advantage, boosting rate-and-term transaction volumes, Optimal Blue said. View the full article

Many layoffs so far have been in the Small Business/Self-Employed Division, but the Large Business & International Division has also been affected. View the full article

Treasuries surged and investors boosted their bets on Federal Reserve interest-rate cuts Monday as fear of a economic slowdown took hold across US markets. View the full article

The company is a leading player in the primary and secondary markets for government-backed reverse mortgages and also has been developing proprietary products. View the full article

Sen. Mike Rounds, R-S.D., has filed a Congressional Review Act resolution to repeal the Consumer Financial Protection Bureau's rule barring medical debt from credit reports. View the full article

A joint venture with Sixth Street will give Figure more liquidity to scale Figure Connect, a blockchain-based private capital marketplace. View the full article

The Mortgage Collaborative, Lereta welcome new CEOs, Planet Financial adds retail sales, title execs, Southern Bancorp names new head of production plus more industry moves. View the full article

The nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau moves to the full Senate, where he's likely to be confirmed along party lines. View the full article

Union Home Mortgage claims eight of its managers and an LO transitioned to American Pacific Mortgage, breaching a number of agreements. View the full article

Banosian will work with Victor Ciardelli, who remains as the president and CEO of the Chicago-based parent, Rate Cos., overseeing 15 businesses. View the full article

In comments to reporters, Sen. Elizabeth Warren, D-Mass., underscored what she said was a conflict of interest between Elon Musk's DOGE's actions at the Consumer Financial Protection Bureau and his business interests with X Money. View the full article

The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect. View the full article

In a speech at the American Bankers Association Washington Summit Wednesday morning, Treasury Secretary Scott Bessent downplayed economic risks from tariffs, floated capital reforms, and urged regulatory relief for community banks. View the full article

Acting Consumer Financial Protection Bureau Director Russell Vought said all diversity, equity, inclusion and accessibility policies "will cease immediately," adding that employees may be investigated if they go against the order. View the full article

The top five banks have a combined HELOC volume of more than $90 billion at the end of Q4 2024. View the full article

HUD denied claims that 40% of the administration's workforce will be cut. View the full article

Federal regulators' plan to rescind reforms to the anti-redlining Community Reinvestment Act implementation rules disappoints community advocates, but gives banks clarity by reverting to longstanding CRA rules. View the full article

Rocket expects the combined company to achieve more than $200 million in run-rate synergies by 2027, it said in a statement. View the full article

The banking sector has stabilized significantly since the spring of 2023, but elevated interest rates have created lingering issues on bank balance sheets. View the full article

In a public appearance Thursday, Federal Reserve Gov. Christopher Waller said the Founding Fathers supported independent money management and undoing it now would be a mistake. View the full article

The government-sponsored enterprises were not meant to remain in conservatorship permanently, but privatizing them once again must include a new set of rules that minimize market disruptions and maximize their focus on making homeownership affordable. View the full article