Contracts, Invoices & Legal

Amir Syed, mortgage coach and social media powerhouse, worked at Lower for a little over a year helping to build out and nurture the mortgage lender's origination team. 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

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

The move comes three months after Katie Sweeney, former BAC CEO, announced she would be stepping into an executive advocacy role for Rocket's Pro channel. View the full article

Rising insurance costs are leading providers and condo associations to consider changes to policies that would make some loans ineligible for GSE sale. 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

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 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 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

The Consumer Financial Protection Bureau's decision to drop its enforcement action against the credit reporting bureau marks the eighth lawsuit dropped by the agency in recent days. View the full article

Excess cash flow will pay timely interest and protect against realized losses in the rated certificates before being paid out to the class X notes. View the full article

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

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 age of homes, moving preferences and weather risks are all playing a role in the direction of growth prospects for the remodel and renovation industry. View the full article

Rebranded Two far exceeded consensus on net profit but took a loss in comprehensive income during a period in which it had to hedge to address market risk. View the full article

A bipartisan group of representatives co-sponsored the bill, aiming to make permanent and expand eligibility for a deduction previously offered for 14 years. 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

The credit score simulator only uses the Classic FICO scorecards available at each of the repositories, not the most up-to-date version, FICO 10T. 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

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

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

The deal has an extensive capital structure, which is expected to repay investors sequentially, with notes enhanced by subordination. View the full article

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