Contracts, Invoices & Legal

Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention. View the full article

The rent reporting platform says it's helped tenants raise their credit scores by double digits and unlocked $30 billion more in mortgage lending. View the full article

A majority of recent sellers said they offered to cover closing costs, with many also buying down mortgage rates, according to a new report from Zillow. View the full article

The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025. View the full article

The Consumer Financial Protection Bureau is considering a proposal to reduce its oversight of auto finance lenders, saying the benefits of supervision may not justify the "increased compliance burdens." View the full article

Developing class action cases could corral hundreds of thousands of plaintiffs in fights against lenders who allegedly defrauded customers and employees. View the full article

The Consumer Financial Protection Bureau, building on an executive order by President The President, wants to eliminate the legal framework of "disparate impact" from its implementation of the Equal Credit Opportunity Act. View the full article

The 30-year fixed remains in its current range, but most expect the rate to reach 6% for 2026, and one observer feels it could actually break under this point. View the full article

Continuing to retreat from Biden-era rules, the Consumer Financial Protection Bureau and Department of Justice withdrew a 2023 advisory opinion that had cautioned about denying credit to immigrants. View the full article

The Fed should consider actively selling its mortgage-backed securities holdings, according to the Federal Reserve's vice chair for supervision. View the full article

The government-sponsored enterprise's bottom line results, like Fannie Mae's, came in above the previous quarter's but below year-ago numbers. View the full article

Onity adds former Meta exec as director, Click n' Close taps industry veteran as president while banks and credit unions boost their mortgage teams. View the full article

The number of remodeling establishments hit at a record high earlier this decade and now accounts for over 60% of home construction-related businesses. View the full article

In a case mentioned alongside one decided by the U.S. Supreme Court, by 2-1, the judges said they could not overturn a past decision on California's escrow law. View the full article

Last year highlighted the risks for banks in lending to nondepository financial institutions. A new approach by The President-era regulators could change the playing field. View the full article

Late last year, commercial bank holdings of mortgage paper reached the highest level since 2023 as these depositories are flush with deposits. View the full article

Marshall is tasked with bringing Sagent's Dara servicing platform implementation up to scale, replacing Geno Paluso, who is vice chairman during the transition. View the full article

An activist investor is seeking more information on how, and when, the largest bank deal of 2025 came together. View the full article

As commissioner of Virginia's Bureau of Financial Institutions since 1997, Joe Face emphasized strengthening the dual banking system. View the full article

The deal which brings hundreds of thousands of agents under one roof also combines retail lender Guaranteed Rate's separate joint ventures with each brokerage. View the full article

The lender, which crossed the $1 billion origination mark for the second consecutive quarter, is bullish on several new mortgage partnerships. View the full article

Executives surveyed by American Banker said companies vying to wrestle market share from banks are a major threat to operations in the coming year. View the full article

Reducing agency loan pricing adjustments and credit reports may help, a trio of industry groups wrote in a letter to the National Economic Council's director. View the full article

A federal judge in Pennsylvania ruled the debtor could not prove she was injured by any alleged conduct by Nationstar or other defendants WSFS and A&D. View the full article

The Cincinnati, Ohio-based bank delivered third quarter earnings that mostly met expectations, even as it took a $200 million blow to credit. View the full article