Contracts, Invoices & Legal

In internal shakeup, the Office of the Comptroller of the Currency will unify supervision divisions, revive the Chief National Bank Examiner office, and elevate IT oversight as part of a broader streamlining push. View the full article

Dugan is replacing Rich Gagliano, who is moving to executive chairman after 18 months in charge of the now stand-alone mortgage technology provider. View the full article

Bad actors use generative AI to create automated threats that are more sophisticated than earlier generations of malicious bots, and they are going after banks' APIs. View the full article

The Mortgage Industry Standards Maintenance Organization has created a new version of, as well as enhanced the current edition. of its reference model. 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

Among the resignations are Mark McArdle, who was instrumental in creating the Qualified Mortgage rule, and Operations Chief of Supervision David Bleicken. It is unclear if the Consumer Financial Protection Bureau will hire anyone to succeed them. 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

An Internal Revenue Service division that helps authorize the release of tax transcripts used in lending through form 4506-C is tied to core functions. View the full article

The measure applies to mortgages closed in the months prior to the Southern California wildfires, which are now experiencing early-stage distress. View the full article

Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed. View the full article

Cross 2025-H3 has moderate leverage, according to KBRA, with a weighted average (WA) loan-to-value ratio of 72.3%, and a debt-to-income ratio of 33.5%. View the full article

A version of the Neighborhood Homes Investment Act has been introduced in three prior sessions of Congress, but has never made it through the process. View the full article

Federal Reserve Gov. Michelle Bowman, one of the central bank's more inflation-wary officials, said the balance of risks for monetary policymaking could soon shift. View the full article

A recent letter addressed to the FHFA fueled a consumer advocacy group to look at salaries, which have been criticized as not aligned to the system's purpose. View the full article

Wall Street veteran Frank Bisignano pledged at a Senate Finance Committee hearing that he doesn't plan to privatize Social Security. View the full article

The bank said it will appeal the judge's ruling, which it suggested would have a chilling effect on lenders participating in such government programs. View the full article

The deal significantly grows United Wholesale Mortgage's servicing portfolio, and it will increase the float on its common stock, making it more investable. View the full article

After two consecutive quarters of profits, independent mortgage bankers lost money in the most recent period, for the ninth time in the last three years. View the full article

The San Francisco bank announced Monday that it has shed its fifth regulatory order this year — this one related to loss mitigation practices in its home lending business. View the full article

The nomination of Jonathan McKernan to lead the Consumer Financial Protection Bureau moves to the full Senate, where he's likely to be confirmed along party lines. View the full article

The Consumer Financial Protection Bureau has rehired more than 100 fire employees, but the union claims dozens of employees have not been reinstated in violation of a federal court order. View the full article

The GOP side of the Banking Committee, led by Sen. Tim Scott, asks FHFA head Bill Pulte to "aggressively" reduce waste at the government-sponsored enterprises. View the full article

After the Federal Reserve moved to slow the pace of quantitative tightening, the Fed chair floated the idea of continuing to allow mortgage-backed securities to roll off its books even after the central bank has met its monetary policy objectives in reducing its balance sheet. View the full article

In a dramatic move, conservative hardliners blocked President Donald The President's tax and spending bill, which would have included many measures favored by banks. 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