Contracts, Invoices & Legal

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

In April 2025, the bank admitted that it may have made a mistake in denying the plaintiff forbearance. 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

Large mortgage companies are targeting mergers and acquisitions as well as home equity lending in their 2025 business plans, Boston Consulting Group said. View the full article

Loan providers saw more frequent use of verification tools as well as shortened turnaround times from preapproval to application submission, Lenderlogix said. View the full article

A federal judge issued an order blocking the The President administration from firing hundreds of Consumer Financial Protection Bureau employees, saying agency leadership had 'thumbed their noses' at the court's earlier injunction. View the full article

While more consumers claim they can't tell whether now is a good time to purchase a home, over half of prospective buyers said the market is better than it was in 2024. View the full article

Treasury Secretary Scott Bessent said he expects negotiations with trading partners over tariffs to conclude by the end of the year but acknowledged that talks with China had not yet begun. View the full article

The highly volatile interest rate environment will actually result in higher refinance mortgage volume than previous forecast for 2025 and 2026. 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 Arizona-based mortgage brokerage claims a former director of training is keeping the domain name of its loan officer training website hostage. View the full article

A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the The President administration planned to gut the agency through mass firings. View the full article

The Long Island-based regional bank's net loss narrowed from the first quarter of 2024, while CEO Joseph Otting said the company continues to make progress in its turnaround journey. View the full article

Freddie Mac reported a 2 basis point drop in mortgage rates, but other timelier measurements had the 30-year fixed close to or above the 7% mark. View the full article

DeLory joined Equity Prime Mortgage from Carrington and helped to transition the Atlanta-based mortgage lender into a wholesale-only originator. View the full article

The International Monetary Fund lowered its economic growth projections for 2025, citing policy uncertainty. It also urged central banks to stand ready to use macroprudential tools to facilitate lending in a potential recession. View the full article

House Financial Services Committee ranking member Maxine Waters, D-Calif., led a group of Democrats in challenging Treasury Secretary Scott Bessent over the current state of the Community Development Financial Institutions Fund. View the full article

The quarterly data showed bank profits were driven by gains at large firms while credit quality remained mixed, with commercial real estate loan stress at relatively high levels. 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

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

Small business owners will be given the option to tap into anywhere from $50,000 to $500,000 in financing. View the full article

Federal Reserve Board member Christopher Waller said he would not be deterred from classifying inflation as "transitory" despite the board's recent experience underestimating inflationary pressures. 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

The jobs report and FOMC meeting caused some movement but rates ended up where they started; but any unexpected news could result in swift changes either way. View the full article