Contracts, Invoices & Legal

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

Of the 50 highest risk markets in the country, 16 reside in California, followed by New Jersey with nine, Attom found. View the full article

The 30-year fixed-rate mortgage rose five basis points from last week to 6.22%, while the 15-year rate increased nine basis points to 5.50% View the full article

Treasury Secretary Scott Bessent said the Federal Reserve Board should reject the renomination of any regional Federal Reserve Bank presidents who have not lived in their districts for three years, signaling a potential confrontation when reappointments come before the board in February. View the full article

Confidence among US homebuilders edged up in December as builders continued to deploy sales incentives to motivate buyers. View the full article

Former Rocket CEO takes new board position, Tidalwave welcomes MBA and ICE alums, NFM promotes at the top and Evergreen, Dark Matter add to their C-suites. View the full article

The company posted its best quarter for funded loan volume and shared other green shoots including greater margins on less reverse mortgage business. View the full article

Renters who pay on time deserve credit toward homeownership, and new data tools can make that possible, according to the owner of Burkentine Real Estate Group. View the full article

The lawsuit is the latest scrutiny over personnel moves this year at the companies under the purview of U.S. Federal Housing Finance Agency Director Bill Pulte. View the full article

Lenders recognize the value of regular review of the tech stack, but their approach needs to involve year-round check-ins and conversations with vendors. View the full article

Luxury home prices rose 5.5% year over year in October to a median $1.28 million, far outgaining the 1.8% increase of nonluxury homes. View the full article

The top Senate Democrat pressed Treasury Secretary Scott Bessent for more details about the The President administration's efforts to take the mortgage giants public. View the full article

OCMBC launched its new wholesale lender, GIANT Lending, amid a poaching controversy with the naming rights to its old DBA, Jet Advantage. View the full article

The deal comes as technology experts see likely 2026 artificial intelligence breakthroughs in mortgage to come through improved underwriting. View the full article

The MBA's Market Composite Index, a measure of mortgage loan application volume, dropped 5% on a seasonally-adjusted basis and 6% on an unadjusted basis. View the full article

NAHB's remodeling index finished at its highest mark in a year, with the current industry outlook standing in stark contrast to homebuilder sentiment. View the full article

Company officials credited recent mortgage rate pullbacks, a nonagency servicing partnership and Improvements in technology behind recent momentum. View the full article

Total foreclosures rose 3% from September and 19% from the same time a year ago in October, marking the eighth straight month of increases. View the full article

Former Mr. Cooper CEO Jay Bray will become Rocket Mortgage's president and CEO as the $14.2 billion transaction closes in just six months after announcement. View the full article

Rochester, New York, and Harrisburg, Pennsylvania, stood atop Realtor.com's list for the second consecutive year, due to their affordability. View the full article

The tech giant provided context around Flagstar and Pennymac's moves, as it reported more Encompass and MSP clients and greater mortgage income. View the full article

The credit scoring agency's rollout comes after years of criticism from home lenders over its prices, with delivery costs rising over 40% in the past year. View the full article

The Department of Housing and Urban Development is selling more due-and-payable HECMs on homes that are occupied while reviewing the loan program. View the full article

Minneapolis Federal Reserve President Neel Kashkari said on CNBC that both sides of the central bank's dual mandate show signs of imbalance, with the labor market appearing more vulnerable. View the full article