Contracts, Invoices & Legal

Mortgage delinquencies were up in March, according to data from Intercontinental Exchange. 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

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

Even after posting production losses in two of four quarters last year, independent mortgage bankers made $443 on every loan originated during 2024. 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

Purchases of new single-family homes increased 7.4% in March to an annualized rate of 724,000, mostly driven by a surge in the South, according to government data released Wednesday. View the full article

A recent American Bankers Association survey showed improvement since 2022, but overall scores are still lower than in 2020 and gaps widened between providers. View the full article

Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said. View the full article

Nearly a quarter of home sellers in March slashed their listing prices, the highest rate of price cutting since 2018 according to a Zillow report. View the full article

Senators want to investigate the rapid changes to Fannie Mae and Freddie Mac's boards of directors, and seek more clarity about reported layoffs. View the full article

US homebuilder confidence barely rose this month on a pickup in current sales, though demand expectations stumbled to a more than one-year low and prices of construction materials are climbing on the heels of higher tariffs. View the full article

The super-regional bank cited "a material slowdown" in investment banking and trading income as one reason for the lower revenue forecast. Interest rates are also a factor, executives said. View the full article

The The President administration's appointees have been quick to roll back misguided Biden-era initiatives, writes the Chairman of Whalen Global Advisors. View the full article

Completed foreclosure sales reach their highest level since the second quarter of 2023, with a 20% quarter-to-quarter increase, Auction.com said. View the full article

The notes will get credit enhancement from balances on the subordinate bonds, which are permitted to amortize. View the full article

Learn how bridge loans and hard money loans work, their pros and cons, and discover which option suits your needs. View the full article

The 250 top mortgage originators in 2025 brought in high volumes despite less than ideal conditions. Check back in the following days for the final full list, with further cuts of the data to be published thereafter. View the full article

The fraudsters aren't doing anything new or sophisticated, but are successfully using familiar tactics, said reports from CertifID and FundingShield. View the full article

Citizens Financial Group's promotion of Brendan Coughlin to company president comes at the same time as CFO John Woods prepares to leave for State Street. Both executives have been viewed as potential successors to CEO Bruce Van Saun. View the full article

Deregulation at the federal and state levels could open the door to a potential boom in housing supply, HUD Secretary Scott Turner said Tuesday. View the full article

The industry's largest servicer, which agreed at the end of the quarter to be acquired by Rocket, had a $82 million write-down due to shifting interest rates. View the full article

If mortgage rates drop into the low 6% range, there will be a retention opportunity on 5.4 million loans that have interest rates starting at 6.5%. View the full article

The Federal Housing Administration has accelerated the timeline and will make the wait time for repeat home retention requests longer than originally planned. View the full article

The US bond market is starting to get some relief, with long-maturity yields falling on Wednesday after The President indicated a willingness to strike a trade deal with China. View the full article

The Consumer Financial Protection Bureau had accused the Dallas bank of "deliberately disconnecting 24 million customer service calls" among other "unfair" acts. But the motion to dismiss allows the CFPB to refile the case again. View the full article