Contracts, Invoices & Legal

The builder's lending unit bought servicing and secondary market approvals that weren't part of Guild's previous acquisition of CCM's production and branding. View the full article

Toronto-based Simply Approved Mortgages is opening for business in Florida and Colorado, looking for the cross-border success that eluded companies like Rocket. View the full article

The average 30-year fixed-rate mortgage fell to its lowest point so far in 2025, driving refinance activity 83% higher than the same time a year ago. View the full article

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

The legislative proposal highlights tensions around broader utilization of partial claim-style mortgage options and the VA's particular difficulty funding one. View the full article

Trade groups representing banks and utilities urged lawmakers to reauthorize the CISA law before it expires in September. 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

The Dow Jones Industrial Average dropped over 2,200 on Friday, the second day of a sell-off due to tariffs, but that could be good for mortgage rates. View the full article

The White House has tapped former Federal Deposit Insurance Corp. director Jonathan McKernan to lead the Consumer Financial Protection Bureau and attorney Jonathan Gould to lead the Office of the Comptroller of the Currency late Tuesday. View the full article

Acting Consumer Financial Protection Bureau Director Russell Vought also directed that future guidance not use the words "shall," "must," "required" or "requirement" to direct parties outside the federal government, except when restating clear legal mandates. View the full article

The Irvine, California-based firm reported a net loss of $67.5 million in the fourth quarter. View the full article

The task force terminated vendor contracts at the Department of Housing and Urban Development worth a combined $305 million, according to its wall of receipts. View the full article

Now the structured mortgage securities are cheap enough that CLO investors are watching them more closely, according to strategists and investors. View the full article

Stakeholders predict the future of homebuying will offer two distinct paths: an all-in-one bundle from companies like Rocket Mortgage and the traditional, local homebuying experience. View the full article

Figure Technologies is adding a Bitcoin option to its home equity line of credit, while Milo has done $65 million of crypto mortgages since 2021. View the full article

Purchase applications reached their highest level since January despite the average 30-year fixed rate falling by just 1 basis point last week. View the full article

Companies are starting to leverage tools such as artificial intelligence and machine learning as part of the property valuation and review process. View the full article

Sales of previously owned US homes fell in March by the most since 2022 as buyers remained constrained by high mortgage rates and prices. 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 top five banks had a combined second-lien loan volume of more than $95 billion at the end of December 2024. View the full article

The re-engineering of the convertible note arrangement between the two parties includes a one-time cash payment of $110 million by Better. View the full article

In a sign of how Treasuries' status as a global haven during times of turmoil may be fading, rates on longer-term debt soared last week as equities convulsed, turbocharging bets on a steeper yield curve. View the full article

The new name Cotality, along with its latest tag line, reflects its role in serving and uniting the entire property ecosystem, company executives said. View the full article

The good news in the Consumer Price Index report has not carried over to the 10-year Treasury yield and thus mortgage rates, Freddie Mac found. View the full article

The deal is composed of 11,547 seasoned performing and reperforming loans that are first and second lien. Loan servicing includes a 180-day chargeoff feature. View the full article