Contracts, Invoices & Legal

The Federal Reserve's preferred inflation index showed little progress toward its target of 2%, increasing the likelihood of a prolonged rate pause. 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

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

An ex-Biden administration official suggested potential challenges in identifying lands that have access to both employment opportunities and infrastructure. View the full article

A national gauge of prices rose 3.9% from a year earlier, according to data from S&P CoreLogic Case-Shiller. View the full article

The federal district court order in Mississippi allows allegations of servicer responsibility for insurance shortcomings and excessive costs to proceed. View the full article

Mortgage lender Lower accuses New American Funding of stealing a San Antonio branch in early 2025. View the full article

Baby boomers made up the largest share of home purchasers in 2024, as the percentage of millennial buyers declined, the National Association of Realtors found. View the full article

In all, 42% of sales in the borough were financed, a larger share than in many recent quarters in the cash-heavy Manhattan market. View the full article

Origination volume at the San Diego-based company rose 57% to $24 billion in 2024. View the full article

The top five lenders have an average retail mortgage origination volume of more than $6 billion, as of the end of the fourth quarter of 2024. View the full article

Bill Pulte and the government-sponsored enterprise's chief executive will be working with a firm that analyzes big data and utilizes artificial intelligence. View the full article

Purchase volume was flat last week and up just 3% compared to the same time a year ago when the market faced similar rates in the high 6% range. View the full article

The leading lender says its underwriters have already used Google's technology to improve from six loans a day to 14. 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

Hunton Andrews Kurth explores what makes an attractive shell entity. View the full article

The automation provider plans to unveil functionality at its upcoming user conference aimed at improving new loan boarding and investor reporting processes. View the full article

The Senate Banking Committee considered the nomination of Paul Atkins to lead the Securities and Exchange Commission, whose track record on deregulation in the lead up to the 2008 financial crisis was questioned by Democratic lawmakers. Lawmakers also considered the nomination of Jonathan Gould to lead the Office of the Comptroller of the Currency and Luke Pettit for a key bank regulatory role at Treasury. View the full article

The Fed's wait-and-see approach on what will happen to the U.S. economy, while not directly impacting mortgages, will likely keep those rates elevated. View the full article

A former Biden official called the bureau protection against another housing crisis. The current White House calls it a "weaponized arm of the bureaucracy." View the full article

A federal judge granted a preliminary injunction that preserves the Consumer Financial Protection Bureau's existence, reinstates fired employees, contracts, data and operational capacity. View the full article

Chairman and CEO David Spector, in weighing Rocket Cos.' purchase of Mr. Cooper, suggested Pennymac's balanced business model couldn't be duplicated. View the full article

Pacific Residential Mortgage discovered the ransomware incident just weeks after the successful completion of its merger with an Ohio-based lender. View the full article

Three Democratic senators joined Republican colleagues to confirm the businessman, who previously voiced his support for easing government regulations. View the full article

The provisionally approved rate hike would provide financial relief to State Farm's California subsidiary, which has said it needs to shore up confidence with solvency regulators and ratings agencies. View the full article