Contracts, Invoices & Legal

A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained. View the full article

Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market. View the full article

LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system. View the full article

It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts at the Federal Reserve Bank of New York say in a new report. View the full article

The 30-year fixed fell to 6.37% after a two-week ceasefire tempered war-driven volatility, but economists warn the spring housing market faces continued turbulence. View the full article

The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month. View the full article

An appellate court reversed part of an $8.5 million award for attorneys who secured a $38.5 settlement against the lender in 2023 in a False Claims Act case. View the full article

Fintech Candid says its AI-powered newsletter platform can scrape social media and public data to help loan officers send hyper-personalized outreach at scale. View the full article

Jay Plum, head of consumer lending at Fifth Third Bank, says artificial intelligence is fundamentally shifting relationships between banks and their third-party software vendors, allowing banks to do things on their own that they would previously rely on vendors to do for them, like identify risky loans and prepare for exams. View the full article

Conforming loan limits are determined using a home price index. A congressman is proposing a switch to an income-based metric, creating more jumbo mortgages. View the full article

The effective tax rate, measuring taxes relative to home prices, also increased to its highest mark in five years, according to Attom's analysis. View the full article

The California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa. View the full article

Better is focusing on its U.S. mortgage unit, which reported higher-than-expected preliminary loan volumes and priced a stock offering. View the full article

A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders. View the full article

Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, according to a survey of 1,000 mortgage holders. View the full article

The announcement drove a large increase in Better's stock price, but UWM, Rocket and Pennymac all saw any gains earlier in the day more than dissipate. View the full article

These home lenders with 500 or more employees are considered among their staffs the best mortgage company to work for in 2026. View the full article

The House Financial Services Committee passed a legislative package heavily favored by banks in a 26-16 vote View the full article

Lendwise filed a complaint against Priority Financial Network, claiming it falsely reported to partners that Lendwise organized an "Amended Returns Scheme." View the full article

The top employers in home lending value business partners with a large market share and reach but they also need to differentiate themselves. View the full article

While this only shows a 2-basis-point rise in the 30-year fixed since last week, the Lender Price product and pricing engine data is 30 basis points higher. View the full article

The bank exited the $1.95-trillion asset cap last year, but it had remained subject to the rest of the eight-year-old order. View the full article

Median rents rose at a greater rate than median sales prices in 55% of the 416 counties with sufficient data between 2025 and 2026, Attom found. View the full article

Many homeowners and first-time buyers are surprised by rising property taxes and insurance, which can sharply increase monthly mortgage costs beyond principal and interest. View the full article

The industry welcomed the Department of Veterans Affairs' plan for implementing legislatively-created borrower relief but some would like more clarification. View the full article