Contracts, Invoices & Legal

A federal judge in Maryland ruled against the City of Baltimore's attempt to block cuts to Consumer Financial Protection Bureau program funding on procedural grounds. View the full article

The newly created entity, Rithm Acquisition, is a possible, albeit unlikely, way to finally take its NewRez mortgage lending business public. View the full article

Mortgage lenders still need to monetize mortgage servicing rights quickly amid the sluggish housing market, representing more opportunities for the firm. View the full article

The state bill would also mandate third-party appraisal of properties and offer a three-day window for consumers to withdraw from agreements. View the full article

Vista Equity Partners put funds into the regulatory technology firm, which Asurity Technologies has partnered with since 2015. View the full article

The Massachusetts attorney general noted some consumers were caught by surprise when they realized the full cost of their agreements after signing. View the full article

Russell Vought, the Consumer Financial Protection Bureau's new acting director, ordered staff to stop all work and closed the agency's headquarters for a week. View the full article

The government conservatorship of Fannie Mae and Freddie Mac wasn't meant to last forever, but releasing the companies is complicated and should involve a diffident Congress, housing policy experts said during a Federal Reserve Bank of Atlanta housing panel. View the full article

North American banks face heightened anti-money laundering scrutiny and a few related variables will determine whether or not this leads to more mortgage sales. View the full article

A series of moves aimed at deleveraging its balance sheet led to the loss, but the bottom line improved markedly over 2023. View the full article

Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the consumer protection agency. View the full article

The mortgage arm of Rithm Capital saw profits surge in the fourth quarter, as the parent company looks to scale up before making any moves to separate. View the full article

The private mortgage insurers reported just 5% less business versus the third quarter and 33% more new insurance written over the fourth quarter 2023. View the full article

Issuances fell in January for residential and multifamily segments, as concerns over available workers and future tariffs came to the fore. View the full article

Mortgage rates remain in the 6.6% range, with the tariff news so far having little impact, but could change given the 35 basis point drop in the 10-year yield. View the full article

The housing regulator has been mum on details about its reshuffling, but Secretary Scott Turner has emphasized mission-critical functions would persist. View the full article

Ryan Donovan, the Council of Federal Home Loan Banks' CEO, foresees affordable housing mandates becoming more focused on home supply than demand. View the full article

The lender says its first-of-its-kind program can give consumers up to $5,000 in credits based on their prior 12-month rent payment history. View the full article

The $300 million strong team brings with it two top producers in the state. View the full article

Acting Consumer Financial Protection Bureau Director Russell Vought also directed that future guidance not use the words "shall," "must," "required" or "requirement" to direct parties outside the federal government, except when restating clear legal mandates. View the full article

The top five lenders have an average mortgage origination volume of more than $10 billion. View the full article

Allegations of gender discrimination and improper loan origination practices against LoanDepot were dismissed on Feb. 7. View the full article

West Virginia has the lowest monthly mortgage payment of $1,838. View the full article

Looking to recreate the buzz from its 2016 ad, Rocket leads spectators at the Superdome into a live version of 'Take Me Home Country Roads' during the big game. View the full article

Homebuyers would be able to take advantage of streamlined finance options, folding energy infrastructure costs with their mortgages, the companies said. View the full article