Contracts, Invoices & Legal

Proxy advisory firm Institutional Shareholder Services recommended approval of Fifth Third's $10.9 billion proposed acquisition of Comerica. View the full article

The carryovers range from some $2.4 million in California and some $1.9 million in Texas to $44,851 in Alaska and $39,297 in Vermont. View the full article

AI tools like ChatGPT are reshaping mortgage marketing, forcing lenders to rethink SEO, brand authority and how they show up as consumers turn to generative search for answers. View the full article

A California judge dismissed 13 claims against United Wholesale Mortgage that alleged the lender disclosed personal information to third parties. View the full article

The national mortgage delinquency rate jumped to 3.85% in November, up 15% month over month and 2.79% year over year, according to ICE Mortgage Technology. View the full article

A group of 22 Democratic state attorneys general filed a lawsuit against acting Consumer Financial Protection Bureau Director Russell Vought, the bureau and the Federal Reserve, arguing that the administration's position that the CFPB cannot be funded is wrong. View the full article

The announcement follows Realpha's two previous mergers with mortgage brokerages, as well as its purchases of AI firms and title businesses. View the full article

Three US senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing Fannie Mae and Freddie Mac to growing risks tied to climate-driven insurer failures. View the full article

The regulator lowered benchmarks for acquisitions of certain single-family loans including low-income refinances, and left multifamily targets intact. View the full article

A rise in issuance of nonqualified mortgages and seconds is in the forecast but home prices, credit and the GSEs may impact private-label bonds' trajectory. View the full article

Despite certain pronouncements otherwise, rumors of email's demise have been gravely exaggerated, as recent data shows it's not only still around, it's ubiquitous. View the full article

Wellness rooms, thoughtful sensory inputs and layouts that boost functionality can reduce workplace stress. View the full article

The 30-year fixed rate mortgage dropped 3 basis points this week, its lowest level since October and just over its 52-week bottom, Freddie Mac reported. View the full article

The bank regulator is proposing to strengthen national preemption in the wake of conflicting decisions in related court cases. View the full article

Fannie Mae sees growth in refinance activity pushing volumes upward, but flattening purchases will temper lender momentum, according to its December report. View the full article

The MBA's Market Composite Index, a measure of mortgage loan application volume, dropped 5% on a seasonally-adjusted basis and 6% on an unadjusted basis. View the full article

CMBS originated between 2017 and 2021 are especially vulnerable. Brighton counsels CMBS lenders to expect clear workout memos. View the full article

The Consumer Financial Protection Bureau will face an existential crisis in 2026 between the The President administration's efforts to shut down the agency and the employee union and consumer advocates who want to stop them. View the full article

The professionals can't originate loans in their local cities for various stretches, following a federal judge's ruling granting most of the lender's wishes. View the full article

After piercing the 7% ceiling in January, the 30-year fixed trended lower the rest of the year, dropping 89 basis points from peak to trough, Freddie Mac found. View the full article

Following the resignation of CEO Patrick Donlon as the result of a settlement, Yield Solutions Group has taken operational control of Trusted American Mortgage. View the full article

AI's capabilities far exceed how the technology is being used in mortgage, but an all-in strategy will quickly put companies ahead of the pack, leaders say. View the full article

National home prices grew monthly and annually in October, but considerably less than last year, according to S&P Dow Jones Indices. View the full article

Three U.S. senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing taxpayers to growing risks tied to climate-driven insurer failures. View the full article