Contracts, Invoices & Legal

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

More homeowners are willing to take out a HELOC versus three years ago, but a knowledge gap remains around the use cases for the product, MeridianLink said. View the full article

Company management touted its wins, including with total volume of $21 billion, the Redfin and Mr. Cooper purchases plus a record quarter for home equity. View the full article

Advisers who work on acquisition deals emphasize the importance of being open and transparent with employees about potential changes and differences in a new workplace. View the full article

New guidelines should provide homeownership opportunities for certain consumer segments with thin credit files and open up product options, lenders said. View the full article

The portfolio of offerings includes a buy-before-you-sell product as well as loans geared toward small-business owners, gig workers and real estate investors. View the full article

The bank is adding trusted contacts, specialized teams and new tech against scams, but consumer advocates say reimbursement is the key missing piece. View the full article

The new The President administration has brought deregulation and staff cuts to the Consumer Financial Protection Bureau, leaving many wondering what's next. View the full article

Atlantic Trust Mortgage was recently dealt another legal blow after a federal judge in Michigan refused to dismiss UWM's All-In lawsuit against the brokerage. View the full article

A recent deal involving a troubled Texas bank shows that even the most lopsided depository can find an exit. View the full article

A coalition of mortgagees said the zombie seconds law negatively impacts 1.2 million junior liens statewide, despite just over 500 potential "zombie" loans. View the full article

The contract rate on a 30-year mortgage rose 6 basis points to 6.92% in the week ended May 16, according to Mortgage Bankers Association data released Wednesday. View the full article

The government-sponsored enterprise is retiring a technology platform used for loan workout reporting and giving mortgage companies a deadline for leaving it. View the full article

During its meeting last month, some members of the Federal Reserve's monetary policy committee expressed concern about persistent supply-chain disruptions while others were confident price growth would be constrained. View the full article

Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes. View the full article

The San Diego-based lender reported a net loss of $23.9 million for the January-March period, down from a net income of $97.9 million the quarter prior. View the full article

While originators are not the primary focus of the Homebuyers Privacy Protection Act going into effect on March 5, the way they do business is going to change. View the full article

Lower is acquiring a top-five ranked real estate portal to create an "end-to-end homeownership platform" to rival Rocket Mortgage. View the full article

Regulators say the Mississippi-based depository satisfied the terms of the $5 million settlement it reached with Biden administration officials in 2021. View the full article

The move was necessary for Dark Matter in order for it to align the size of its workforce with current mortgage market realities, CEO Sean Dugan said. View the full article

The industry vendor SitusAMC has not publicly disclosed how many consumers, nor how many banks and lenders, were impacted in a cyberattack last fall. View the full article

Fortress has been one of the most active home equity investment firms in November, investing $1 billion in Cornerstone. View the full article