Contracts, Invoices & Legal

Top US banking regulators plan to withdraw an overhauled rule meant to tackle redlining and boost lending to lower-income areas after industry groups sued to block the updated legislation last year. View the full article

Federal Reserve Gov. Michael Barr — who recently stepped down as the central bank's vice chair for supervision — urged banks and regulators to use emerging technologies to keep pace with bad actors. View the full article

It is quite likely March's drop in the Purchase Application Payment Index will be transitory as mortgage rates have increased since the start of April. View the full article

Two industry organizations are giving Congress and FHFA reasons to make Fannie Mae and Freddie Mac's pricing more advantageous rather than less attractive. View the full article

Mortgage delinquency rates improved during the month, but the share of borrowers late 90 days or more grew as FHA credit quality deteriorated. View the full article

In its latest financial stability report, the Federal Reserve found that asset prices continue to exceed underlying fundamentals and leverage levels remain high, especially by hedge funds. View the full article

The top five lenders had an average of 30,887 loans guaranteed in 2024. View the full article

All of those surveyed by Wolters Kluwer for its May Blue Chip Economic Indicators report ruled out the possibility the Fed could raise short-term rates. View the full article

A large share of each generation, baby boomers, Gen X, Millennials and Gen Z, said another age group is the reason why homeownership is unaffordable, Clever found. View the full article

The homebuilder agreed to acquire Alliant National in a transaction announced last October, with this deal closing after the Cherry Creek mortgage purchase. View the full article

Self-directed IRAs and non-recourse loans open doors to real estate investing without the restrictions of traditional financing. View the full article

The REIT and its home finance unit are seeking expanded opportunities in servicing and originations as market unpredictability has a mixed impact on its investments. View the full article

The Consumer Financial Protection Bureau is laying off more than 1,400 employees just days after a panel of judges said the bureau couldn't fire employees without an assessment of whether the workers are unnecessary to perform the bureau's legally mandated duties. View the full article

Fairway promotes top producer to national leadership role, NMB adds industry veteran to head sales and operations and Finance of America grows C-suite. View the full article

Pending sales of previously owned US homes rose in March by the most in more than a year as a brief dip in mortgage rates and a rising supply of houses brought out spring shoppers. View the full article

Duncan announced the launch of a new company in a social media post in early April after retiring from the government-sponsored enterprise at the end of 2024. View the full article

The regulator argues the company is attempting to thwart a pending enforcement action involving an alleged discriminatory appraisal in 2021. View the full article

The Senate Banking Committee sent the nomination of Michelle Bowman to the full Senate in a party-line 13-11 vote. View the full article

The Consumer Financial Protection Bureau is likely to scratch and rework its open banking rule, at a time when the agency's fate is in doubt. 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

The run-up in prices since the pandemic, and mortgage rates hovering near 7%, have squeezed affordability for house hunters, pushing many to the sidelines. View the full article

The "Sell America" trade that gripped markets this month has left a potentially lasting dent in investors' willingness to hold the US government's longest-maturity debt, a mainstay of its deficit-financing toolkit. View the full article