Contracts, Invoices & Legal

Bessent reiterated his interpretation of the decline being mainly a product of deleveraging, saying he had no evidence that sovereigns were behind the drop. View the full article

Publicly traded lenders, including UWM, Rocket Mortgage and Guild Mortgage, saw personnel expenses increase significantly throughout last year. View the full article

The Federal Housing Finance Agency's withdrawal of tenant requirements and an unfair and deceptive acts and practices bulletin sets the tone for the future. View the full article

Acting Comptroller Rodney Hood discussed using fintech to evaluate self-employed borrowers' creditworthiness, saying alternative credit models could promote financial inclusion. View the full article

Measures of current sales of single-family homes and prospective-buyer traffic, dropped to their lowest levels since the end of 2023. 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 FBI intervened in the incident, which a lawyer for the company's CEO said was a response to another man's actions. View the full article

The National Flood Insurance Program, estimated to cover over 4 million homeowners, is set to lapse next Friday along with the federal budget. View the full article

The megaservicer is fending off a class-action lawsuit while suing its insurers for allegedly failing to indemnify it following its breach in 2023. View the full article

The lender says its technology will supercharge scale, preventing a potential hiring and firing spree which doomed it after the recent refinance boom. View the full article

Mortgage lenders and vendors are waiving fees and enhancing program criteria, looking to reduce costs for borrowers and increase their business. View the full article

Housing starts in the US fell in March by the most in a year, as weak demand from high prices and mortgage rates gives builders little confidence to break ground. View the full article

Executives from three wholesale shops, including PRMG, The Loan Store and Newfi, dissected the regulatory landscape and how some developments might impact the broker channel. View the full article

Banks ceded their market share of home finance following the Great Recession. Will the current regulatory environment make them more involved players? 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

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 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

The Consumer Financial Protection Bureau had accused the Dallas bank of "deliberately disconnecting 24 million customer service calls" among other "unfair" acts. But the motion to dismiss allows the CFPB to refile the case again. View the full article

Nearly all respondents to the NextGen survey, Gen Z and millennial, said they want to achieve homeownership, but only about 60% considered it possible. 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

New York Attorney General Letitia James announced new state legislation to ban unfair and abusive business practices, giving state regulators broader authority to crack down on consumer abuses. View the full article

The Department of Justice said in a court filing Friday that a February stop-work order from acting Consumer Financial Protection Bureau director Russell Vought did not entail stopping statutorily-mandated work by the bureau, defying earlier testimony. View the full article

Doug Duncan may be retired from Fannie Mae, but not from the housing market—his new firm is ramping up with writing, speaking, and advisory work. 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 selloff in US equities accelerated Monday, with major averages tumbling to their worst day this year, as investors braced for a slowdown in the American economy. View the full article