Contracts, Invoices & Legal

New private-label bonds collateralized by loans made outside the qualified mortgage definition hit highs for the month, quarter and year, CreditFlow data shows. View the full article

Luxury home prices rose 5.5% year over year in October to a median $1.28 million, far outgaining the 1.8% increase of nonluxury homes. View the full article

The vendor, SitusAMC Group Holdings, LP, said in a statement Saturday that someone compromised its systems and took client data including "accounting records and legal agreements." View the full article

Thursday's wild selloffs, and further losses Friday, were a reminder that the fervor of retail traders — whipped up in part by Federal Housing Finance Agency head Pulte — can quickly turn sour. View the full article

The Consumer Financial Protection Bureau said the new oath was necessary because prior leadership engaged in what it describes as "thuggery" during exams. Former CFPB officials rejected the agency's characterization of past actions. View the full article

A federal judge in Pennsylvania ruled the debtor could not prove she was injured by any alleged conduct by Nationstar or other defendants WSFS and A&D. View the full article

Saul Van Beurden, Wells Fargo's consumer banking CEO and former head of technology, will lead the way on harnessing artificial intelligence. View the full article

The average premium increase is 64% or $600 a year more, and in some states the rate would go up by more than $1,000, the comparison shopping platform found. View the full article

Renters can now enroll in CreditClimb through Zillow to have their on-time rent payments reported to the three major credit bureaus. View the full article

The credit card will provide borrowers points for making their normal monthly mortgage loan payments and for the purchase of home products and services. View the full article

While some international purchasers are reluctant to buy in the U.S. right now, interest in investment properties still abounds, the CEO of Waltz said. View the full article

Federal Reserve Gov. Stephen Miran reiterated his view that monetary policy has become more restrictive than economists think, but expressed increased urgency that the central bank take strong corrective action. View the full article

Non-QM's rapid rise is reshaping how lenders underwrite and manage risk, setting a model the rest of the industry will follow, writes the founder of Prudent AI. View the full article

The credit score firm partnered with Plaid to bring additional cash-flow data into its previously released UltraFICO score. View the full article

Federal Reserve Gov. Lisa Cook, citing several studies, outlined her concerns Thursday that generative AI could be used to manipulate markets, and regulators have not yet thought through how to police such activity. 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

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

Advances from the Federal Home Loan Banks dipped in the third quarter, but experts do not necessarily see the dip as a sign of ample liquidity in the economy. View the full article

While Redfin argues the housing market is stuck and First American was cautious, Remax and Zillow had positive observations about the month's sales activity. View the full article

Equities move through a stack of intermediaries, from custodians and clearing firms to brokers. Figure's blockchain structure aims to cut out third parties. View the full article

Consecutive weeks of mortgage rate increases resulted in a 5.2% decrease in mortgage loan application volume, according to the Mortgage Bankers Association. View the full article

Travis Hill's nomination to lead the Federal Deposit Insurance Corp. was recommended favorably by the Senate Banking Committee to the full Senate Wednesday morning in a 13-11 party-line vote. View the full article

The national median payment applied for by purchase applicants fell to $2,039 in October from September, the Mortgage Bankers Association said. View the full article