Contracts, Invoices & Legal

An index of home-purchase applications fell 4.1%, the most since the week ended March 20. View the full article

The newest version of the House housing bill would make a ban on institutional investors owning some homes less harsh than the Senate version by removing a seven year mandate on selling build-to-rent homes. View the full article

Economic uncertainty and higher rates in April contributed to the first decline in applications for new homes on an annual basis since October. View the full article

Eligible buyers and sellers can save up to $20,000 on their next home when they transact with a Redfin agent and finance with Rocket Mortgage. View the full article

Inflation and a possible Fed move impacting rates are concerns that product innovation and housing policy can help with, leaders said at an industry meeting. View the full article

The delay preserves a lifeline for competing bidder United Wholesale Mortgage, which previously reached an agreement to acquire the servicer last year. View the full article

Executives from Guild and NewRez discussed the steps they are taking as participants in the pilot phase of the roll out of VantageScore 4.0 and FICO 10T. View the full article

Providence, Rhode Island, headed Zillow's hottest rental markets list, beating out New York and San Francisco, the company announced Monday. View the full article

Department of Housing and Urban Development officials indicated that there are improvements in some delinquency stages and cure rates are better than expected. View the full article

In a settlement agreement last year, the bank will assist low- and-moderate income borrowers residing in, or buying homes in such Census tracts. View the full article

All of the Las Vegas-based company's channels, including Alterra Home Loans and Travisa Financial, will go by SimplyPMG, it announced Monday. View the full article

Secondary market experts are split on whether the Fed's next move will be a rate decrease in 2027 or an increase, as more observers are now thinking. View the full article

When a company adds a new mortgage from an investor or pilots a new concept, how well it goes depends on margins and liquidity as well as loan officers. View the full article

The Mortgage Bankers Association now predicts a Federal Reserve rate hike to arrive in 2027, as housing price growth also slows over the next two years. View the full article

Achieve launches a correspondent channel for its fixed-rate HELOC, Deephaven ups its loan limit to $1M, and Planet expands into non-agency TPO products including non-QM and DSCR loans. View the full article

A shareholder who claims no bias between United Wholesale Mortgage and CrossCountry Mortgage suggests the servicer must answer to recent allegations. View the full article

Standard & Poor's found modeled foreclosure frequency and loss coverage to be in similar ranges as classic FICO but showed concern about potential bias. View the full article

The Real Brokerage's Agent Optimism Index, which measures agents' 12-month outlook, increased to 64 in April from 62 in March, but still below February's 70.3. View the full article

The government-sponsored enterprise sees current rate levels likely to stick for longer compared to past forecasts, with the Iran War looming in the background. View the full article

On a dollar basis, mortgage bankers earned $53 more on each origination versus the fourth quarter, while servicing net income was $64 higher comparatively. View the full article

First-time buyer ages and declining homeownership rates demand bold federal action on taxes, condos and financial literacy, according to the head of the CHLA. View the full article

Federal Reserve Gov. Michael Barr Thursday warned against efforts to shrink the central bank's balance sheet, saying that effort could undermine financial stability and disrupt money markets. View the full article

The retail giant added a pro-rated dividend for TWO stockholders that would deliver a cash value potentially greater than UWM's latest offer. View the full article

Foreclosure filings were reported on 42,430 properties in the United States last month, down 8% from the month prior but up 18% from a year ago. View the full article

Post-pandemic rule changes also have driven the Department of Veterans Affairs' number higher too but not as much as the Federal Housing Administration's. View the full article