Contracts, Invoices & Legal

Federal Reserve Gov. Michelle Bowman — who is viewed as a leading contender to be the next Vice Chair for Supervision at the central bank — said changes to the post-financial crisis framework should be a focal point of the central bank's ongoing regulatory policy review. View the full article

Ice storms, straight-line winds and tornadoes occur more frequently than hurricanes and earthquakes and those insurance claims can stack substantially. View the full article

The Federal Home Loan Bank called the transition to special policy advisor a joint decision between the executive and board as new reviews in Washington start. View the full article

The $300 million strong team brings with it two top producers in the state. View the full article

Desmond will be succeeding Pierre Naudé in leading the bank technology provider. View the full article

"Anything that is done around a safe and sound release is going to hinge on the effect of long-term mortgage rates," Bessent said. View the full article

New residential construction decreased 9.8% to an annualized pace of 1.37 million last month, slipping after a nearly 16% surge in December, according to government data released Wednesday. View the full article

Mortgage 1 Inc., founded in 1994, says customers and regulators have mistakenly contacted it instead of Mortgage One Funding, which changed its name in 2021. View the full article

When a house is lost, so is much of the collateral on the mortgage. Here's how both lenders and homeowners can bounce back. View the full article

Consumers expect prices will climb at an annual rate of 3.5% over the next five to 10 years, according to the final February reading from the University of Michigan. View the full article

While Sen. Elizabeth Warren, D-Mass., is continuing to try and save the agency she helped create, Sen. Adam Schiff, D-Calif., who benefited from crypto spending in his primary race, is a new ally. View the full article

The first year of Otting's tenure as the New York lender's CEO brought substantial change, but the job isn't done. His goal: to build a powerhouse, profitable regional bank. View the full article

Mortgage lenders still need to monetize mortgage servicing rights quickly amid the sluggish housing market, representing more opportunities for the firm. View the full article

A $1 billion assessment announced Tuesday for California's FAIR Plan, the state-mandated insurer of last resort, is expected to drive up premiums as companies will likely pass some of the costs onto homeowners. View the full article

Completed foreclosure auctions should be 8% lower this year, but if home value and unemployment expectations change, all bets are off, Auction.com said. View the full article

After repeatedly blasting Janet Yellen last year over her department's strategy for issuing federal debt, it's now up to Scott Bessent to make the call on sales of Treasuries, with bond dealers conflicted over what he'll do in a pivotal release due Wednesday. View the full article

The Consumer Financial Protection Bureau, now led by Treasury Secretary Scott Bessent, agreed to temporarily halt enforcement and litigation over its medical debt rule Thursday, handing the banking industry an immediate reprieve. View the full article

Nationally, starts are higher even when seasonal differences are accounted for and in some areas distress is far above the U.S. average, Attom found. View the full article

Consumers seeking jumbo home loans last week encountered the same 7.02% average contract interest rate as 30-year confirming loan borrowers. View the full article

The Long Island-based company, which is in the middle of a makeover, saw its stock price rise sharply after reporting a net loss that was less than what analysts expected. View the full article

The state bill would also mandate third-party appraisal of properties and offer a three-day window for consumers to withdraw from agreements. View the full article

Homeownership increased the most in Connecticut between 2019 and 2024. View the full article

As part of a partnership agreement the two companies entered into, the Ramquest and E-closing platforms have shifted ownership for an undisclosed price. View the full article

Allegations of gender discrimination and improper loan origination practices against LoanDepot were dismissed on Feb. 7. View the full article

The Top 50 Firm is acquiring a firm based in the northwest suburbs of Chicago that specializes in real estate clients. View the full article