Contracts, Invoices & Legal

The Federal Reserve said in a statement that its "understanding of innovation products and services have evolved" since the initial guidance was published in 2023. View the full article

A federal judge in San Francisco ordered a temporary halt to reduction in force orders issued by the Office of Management and Budget during the government shutdown, while OMB Director Russell Vought has said he expects to lay off more than 10,000 federal workers. View the full article

A definitive move could occur as early as fiscal year 2026 or take until 2033, depending on what the government is willing to do, according to one analyst. View the full article

Roughly 40,000 home-purchase agreements were canceled in December, equal to 16.3% of homes that went under contract,according to a report from Redfin. View the full article

Federal Reserve Bank of Chicago President Austan Goolsbee said the central bank should focus on getting inflation to its 2% target before making any additional cuts to short-term interest rates. View the full article

Two heavyweights in the US residential real estate market, Compass Inc. and Zillow Inc., will face off in a New York courtroom this week in a legal battle that could reshape the future of how homes are marketed and sold in the country. View the full article

Bilt members will be able to earn benefits through Venmo use, with the agreement coming after the company recently added mortgage payments to its points mix. View the full article

The home purchase market, which competes for consumers with rentals, should remain subdued in 2026 because of high mortgage rates and low affordability. View the full article

Mortgage borrowers filed a third amended class action complaint against the bank over modification issues from 2010 to 2015. View the full article

Rialto Capital allegedly engineered a way to keep it in default so that the company could win extra fees over time, according to a lawsuit filed Tuesday. 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

Existing-home sales in the US barely rose in November, as a recent moderation in price growth and mortgage rates motivated buyers at the margin. View the full article

In addition to 10 new AI agents for financial services, the company announced partnerships with software and data providers FIS, Microsoft, Verisk, Third Bridge, Fiscal AI, D&B, Experian, GLG, Guidepoint and IBISWorld. View the full article

Rithm Capital, a real estate investment trust, is sponsoring the deal, in which property focused investor loans represent 32.60% of the collateral pool. View the full article

While FHFA reported a year-over-year increase in national home values in November, the Case-Shiller HPI saw flat annual growth as well as monthly decreases. View the full article

State regulators say proposed changes by the Federal Reserve that would make state bank examiners the primary boots on the ground will make bank examinations faster, but could cause some issues to go overlooked. View the full article

The retail giant added a pro-rated dividend for TWO stockholders that would deliver a cash value potentially greater than UWM's latest offer. 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

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

The MBA's Market Composite Index found mortgage applications rose 1.7% on a seasonally-adjusted basis from one week prior for the period ending May 8. View the full article

Shareholders' equity topped $105 billion as net income rose 16% from the previous quarter and nearly matched year-ago results. View the full article

Treasury yields swung wildly after a soft jobs report as oil's surge added a new complication for the Fed, raising concerns about the rate path ahead, according to the head of correspondent business development at AD Mortgage. View the full article

The volume of home equity lines of credit expanded for the 14th consecutive quarter, driven largely by fintechs and other nonbanks that are accounting for more and more of the business. View the full article

Federal Housing Finance Agency Director Bill Pulte should be called to testify before lawmakers no later than the end of January, the Democratic members of the Senate Banking Committee wrote in a letter Friday to Republican Chairman Tim Scott. View the full article