Contracts, Invoices & Legal

Rebranded Two far exceeded consensus on net profit but took a loss in comprehensive income during a period in which it had to hedge to address market risk. View the full article

AI is transforming legacy modernization efforts as Wells Fargo builds systems for agents to take on humanlike tasks and interact with one another. View the full article

Executives from three wholesale shops, including PRMG, The Loan Store and Newfi, dissected the regulatory landscape and how some developments might impact the broker channel. View the full article

Department officials pushed back on criticism that a banner on its homepage violated a statute meant to curb partisanship in government operations. View the full article

The postponement would pertain to Federal Housing Administration-insured single- and multifamily loans and other final determination dates that have not passed. View the full article

The comment period for the Affirmatively Furthering Fair Housing interim final rule has been extended, but consumer advocates are clear in their opposition. View the full article

The president of the union for department employees claims 50% of HUD's workforce will be cut, and government contracts were being scrutinized. View the full article

HUD denied claims that 40% of the administration's workforce will be cut. View the full article

The latest sale consists of close to 1,200 HECMs secured by vacant residential units found in 46 states, according to data provided by the government agency. View the full article

The regulator, in an audit with the Department of Homeland Security, found almost 6,000 ineligible non-American tenants in the units it supports. View the full article

The additional research Secretary Scott Turner acknowledged would be required should include a cost-benefit analysis, mortgage professionals suggested. View the full article

Assistant Secretary for Fair Housing and Equal Opportunity Craig Trainor encouraged the real estate industry to reconsider advice received from DEI experts. View the full article

The federal official told a group of bank supervisors that the move, which Democrats oppose and the industry has mixed views on, will give them more autonomy. View the full article

Deregulation at the federal and state levels could open the door to a potential boom in housing supply, HUD Secretary Scott Turner said Tuesday. View the full article

An ex-Biden administration official suggested potential challenges in identifying lands that have access to both employment opportunities and infrastructure. View the full article

President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages. View the full article

Hundreds of E Mortgage Capital employees, including loan officers, can opt-in to the complaint accusing the company of failing to pay them for overtime. View the full article

Bills in Congress, capital rules, GSE reform and credit modernization hold a mix of benefits and risks for Independent Community Banker of America members, Senior Vice President Ron Haynie says. View the full article

ICE Mortgage Technology also added 20 new Encompass clients in the first quarter, but the unit still had an operating loss for the period, its 10th in a row. View the full article

The automation provider plans to unveil functionality at its upcoming user conference aimed at improving new loan boarding and investor reporting processes. View the full article

The new tool taps into Intercontinental Exchange's AllRegs database, which contains over a million pages of guidelines from various sources. View the full article