Contracts, Invoices & Legal

Fitch says large nonbank lenders are positioned to gain share as they manage debt maturities and outlast smaller rivals hit harder by market volatility. View the full article

The Mortgage Bankers Association's measure of refinancing dropped 7.1% to 634.1 in the week ended May 23. 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 builder reported increased revenue from a year ago, with profits near par, as it sets to absorb new acquisitions across different lines of business. View the full article

The transaction is the fourth of its type the company has done this year through the partnership it has had with Crosscountry Mortgage since late 2022. View the full article

Fair Isaac Corp.'s shares saw their worst day since March 2020 on Wednesday, falling alongside credit bureau stocks after the head of the Federal Housing Finance Agency questioned credit report pricing. View the full article

The numbers suggest Rocket Mortgage's acquisition of Mr. Cooper won't add enough dollar volume to outpace its closest competitor but they also show the deal has other benefits. View the full article

The number of major housing markets with annual home price declines is the largest since late 2023, when average mortgage rates were above 7.5%. 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

The so-called spec home, a spin on the American dream home with standardized color schemes and toilet fixtures, is falling out of favor with some US builders. View the full article

The reverse stock split, consolidating eight shares into one, is designed to bring the Luxembourg-based company back into listing compliance on Nasdaq. View the full article

One of the tools introduced is a voicebot, dubbed Mia, which helps with consumer retention by making calls to check on clients for UWM broker partners. 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

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

Mortgage bankers have been supporting recent updates to the legislative proposal while urging legislators to fast-track it given the phaseout of VASP. View the full article

The Consumer Financial Protection Bureau under President The President plans to make changes to the rule governing consumer financial data rights despite rare bipartisan support for the regulation. View the full article

As private credit tops $1 trillion, Fed researchers warn bank exposure to the sector could spark systemic risk if defaults spike. View the full article

The company is positioning its Tinman platform as a serious industry competitor and suggests it's eying product costs of around $1,500 per loan. View the full article

The law, set to go into effect later this year, was introduced to prevent potential money laundering in all-cash purchases made by companies or trusts. View the full article