Contracts, Invoices & Legal

In its latest financial stability report, the Federal Reserve found that asset prices continue to exceed underlying fundamentals and leverage levels remain high, especially by hedge funds. View the full article

Don Layton, former Freddie Mac CEO, and self-proclaimed "GSEologist" predicts that a release of the two entities will occur within four to six years. View the full article

The Sunshine State deal comes following a banner year for credit union-bank combinations, despite pushback from community banking advocates. View the full article

In a recent interview, Bill Pulte claimed he's signed 80 orders for the agency, although only a dozen have been made public via his social media feed. View the full article

Ligation by the Ohio attorney general claims that UWM has turned brokers in its network into retail loan officers who solely work for the company. View the full article

The Seattle-based company, which had made home loans for more than a century, announced it was quitting the mortgage business in January. It booked nearly 400 small business loans in the first quarter and expects that total to grow as its team gains traction. View the full article

In a paper, former central bank researchers make the case that the Federal Reserve could better support the Treasury market from disruptions in the cash-futures basis trade by hedging its asset purchases. View the full article

UWM, embroiled in an us-or-them feud when it comes to business partners working with Rocket, terminated its subservicing and sales deals with Mr. Cooper. View the full article

The 30-year fixed rate mortgage average rose 21 basis points this week, lagging other indicators, which are all now lower than seven days ago. View the full article

The Federal Reserve governor voted against the decision to slow the pace of balance sheet reduction earlier this week, preferring to allow the current pace of reduction. View the full article

The former underwriter, who worked for the Georgia lender from 2023 to 2024, claims she worked more than 60 hours a week on average and was not fairly compensated. View the full article

The partnership between alternative investment managers adds to signs investors see the private mortgage market as attractive, albeit not immune to risk. View the full article

The homeowner who filed the suit claims he now owes over $160,000 in fees on a second mortgage, which was discharged in 2007. View the full article

Robert Wagnon is retiring and sold his 75% share to long-time mortgage executive Andrina Valdes, while Paulina McGrath remains as co-owner and president. View the full article

Rocket said the Redfin deal is part of a purchase mortgage strategy, but originating and retaining residential mortgages in portfolio is the real endgame writes the chairman of Whalen Global Advisors. View the full article

Federal Reserve Gov. Michael Barr — who recently stepped down as the central bank's vice chair for supervision — urged banks and regulators to use emerging technologies to keep pace with bad actors. View the full article

Some members of the Senate, where the GOP majority is thinner, also are asking the Federal Housing Finance Agency to reveal more about planned mortgage reforms. View the full article

The agency is offering buyouts and early retirement incentives for employees, with layoffs possible if targets aren't met, as part of the The President administration's overall downsizing of the federal government. View the full article

A majority expressed optimism of getting listing price or more, but a new survey also found the lock-in effect still weighing on the minds of potential sellers. View the full article

Inflation cooled faster than expected last month, giving the Federal Reserve room to ease monetary policy if the economy weakens suddenly. But tariffs and other policy changes still cloud the outlook for monetary policy. View the full article

With views of current finances among the poorest Americans already near the lowest in 14 years, tariffs are set to add more pressure by making many everyday items even pricier. View the full article

Discrepancies between servicer and investor systems have been rare recently but the dollar amounts involved magnify the impact, according to PMSI's CEO. View the full article

US mortgage rates jumped last week by the most since October on the back of heightened volatility in the Treasury market, causing a pullback in financing applications for home purchases and refinancing. View the full article

The regulator argues the company is attempting to thwart a pending enforcement action involving an alleged discriminatory appraisal in 2021. View the full article

The closely watched case centers on bank allegations the government corporation promised certain reverse-mortgage assets in return for funding then reneged. View the full article