Contracts, Invoices & Legal

Federal Reserve bank supervisors are monitoring community and regional banks' commercial real estate portfolios amid concerns over "lower commercial property values," the agency said. View the full article

Fortress has been one of the most active home equity investment firms in November, investing $1 billion in Cornerstone. View the full article

Big-picture plans for the government-sponsored enterprises get the spotlight, but other issues may affect the industry more directly. Part 1 of a series. View the full article

Perceived risk among lenders may result from a struggle to fully understand what the technology can and won't do as advocates tout its efficiency and speed. View the full article

Now that the Consumer Financial Protection Bureau has refused to request funding from the Federal Reserve System, many experts see the case making its way to the Supreme Court. View the full article

If cumulative loss or a delinquency trigger event is in effect, then the deal will distribute principal among the class A notes before any principal allocation the class M1 or class B certificates. View the full article

After three consecutive weeks of increases, the 30-year fixed mortgage rate dropped 0.3 basis points to 6.23% this week, according to Freddie Mac. View the full article

Non-banks tracked by Morningstar DBRS reported combined net income of $367 million for the third quarter, down from $807 million three months prior. View the full article

Recent high-profile ethics violations by senior Federal Reserve officials, including new revelations concerning stock trades by former Fed Gov. Adriana Kugler, have sparked debate over the effectiveness of the central bank's oversight, even as some observers stress such cases remain rare. View the full article

Years ago, the Federal Housing Administration helped finance thousands of loans for manufactured housing. An effort to restart that program would help millions of Americans afford their own homes. View the full article

House Democrats argue that HUD's cut to the Continuum of Care Program could push 170,000 people to homelessness. View the full article

The Mortgage Bankers Association's index of home-purchase applications jumped 7.6% to 181.6 in the week ended Nov. 21, data from the group showed Wednesday. View the full article

The New York Stock Exchange disclosed the news on Monday of the sudden passing of its head of International Capital Markets. View the full article

A combination of factors, including the rise of retail investing and sound assets, propelled ETF formation, with at least four issuances over the past year. View the full article

Two heavyweights in the US residential real estate market, Compass Inc. and Zillow Inc., will face off in a New York courtroom this week in a legal battle that could reshape the future of how homes are marketed and sold in the country. View the full article

The Structured Finance Association is adding its weight to recent support for a Securities and Exchange Commission action that could modernize Reg AB II. View the full article

In November, 41% of builders reported cutting prices, a record in the post-Covid period, according to Tuesday's report. More broadly, 65% reported using sales incentives, unchanged from the prior two months. View the full article

Continuing claims, a proxy for the number of people receiving benefits, came in at 1.957 million, up slightly from 1.947 million in the prior week. View the full article

Independent mortgage bankers were in the black for each loan originated during the third quarter, as low rates brought an application surge in September. View the full article

The average loss from the two categories is almost seven times higher than the mean amount for all other types, according to research from ALTA and Milliman. View the full article

The multi-year, $100 million agreement will allow users to take financial actions without leaving the ChatGPT app. View the full article

The billionaire and legacy government-sponsored enterprise investor says there is a quick interim fix and they should eventually leave conservatorship. View the full article

A "spike in unusual traffic" caused service degradation for the infrastructure giant, disrupting digital banking for customers. View the full article

Federal Reserve Gov. Stephen Miran argues that banks holding excess reserves are keeping the central bank's balance sheet bigger than it should be, and suggested that regulatory changes could help bring those reserves down. View the full article