Contracts, Invoices & Legal

Artificial intelligence has opened the door for innovations ranging from virtual economists and compliance assistants to lender-profitability forecasting. View the full article

A recent executive order encouraging changes to the Consumer Financial Protection Bureau's Ability-To-Repay and Qualified Mortgage rules are adding to a packed agenda at a time when the agency has lost a third of its staff. View the full article

Lenders and condo market stakeholders are raising concerns that new GSE rules ending limited reviews and tightening reserve requirements could raise costs and limit access. View the full article

The Federal Home Loan Bank system, a Depression-era program designed to shore up mortgage lending that has morphed into a go-to — and controversial — source of cheap financing for banks and other financial institutions. View the full article

Stakeholders rely on detailed, easy-to-read reports. From including cited data to using a structured format, learn how to simplify the lending reports process. View the full article

The national delinquency rate ticked up seven basis points to 3.72% last month, coupled with a 10-basis-point increase in prepayment speed, according to ICE. View the full article

The title policy and settlement statement datasets introduce digital standards that will allow the information on forms to move as data instead of documents. View the full article

The contract rate on a 30-year mortgage rose 13 basis points to 6.43% in the week ended March 20, according to Mortgage Bankers Association data released Wednesday. View the full article

What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate. View the full article

Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates. View the full article

The long-defunct Nationwide Biweekly Administration, accused in 2015 of deceptive marketing, has been ordered to pay a $7.93 million civil money penalty. View the full article

The Long Island-based lender is one of five nonbanks since January to have disclosed a prior hack, with the extent of those incidents remaining unknown. View the full article

Approximately 1.4 million taxpayers have received notices that their tax refunds are being delayed because the IRS wants direct deposit information. View the full article

More than 42,000, or 13.7%, of home-sale agreements in the United States fell through in February, according to a new Redfin report. View the full article

Republican Sen. Josh Hawley repeated his long-standing criticism of Fair Isaac Corp. in a letter noting the detrimental impact of its prices on home buyers. View the full article

Most of the loans, 57.34%, are for cashout purposes and the entire loan pool are first-liens, and are of modest leverage, with an original cumulative loan-to-value (LTV) ratio of 69.74%. View the full article

TruLookup for Real Estate reduces the need for realtors to access multiple databases or download numerous apps when researching a potential client or property. View the full article

Eleven defendants face fraud and money laundering charges in a California case involving elderly homeowners and private lenders, prosecutors said. View the full article

There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a Redfin report. View the full article

The FHFA's ACV condo insurance rollback gets the balance right between affordability and safety, even if politics muddied the waters, the chairman of Whalen Global Advisors writes. View the full article

United Wholesale Mortgage is offering revised terms. The mortgage real-estate investment trust that owns RoundPoint also received a third offer it's considering. View the full article

Federal Reserve Gov. Stephen Miran said it is too early to judge how U.S. involvement in the war with Iran will affect inflation and monetary policy. View the full article

The The President administration hasn't formally charged Swalwell, Adam Schiff or Lisa Cook, while a federal court tossed a prosecution against Letitia James. View the full article

Former Stockton originators are suing their ex-bosses for violating their privacy, in searching their personal accounts to show they were diverting borrowers. View the full article