Contracts, Invoices & Legal

Guaranteed Rate Affinity, joint venture between Guaranteed Rate and Anywhere Integrated Services, announced its national builder divisional manager. View the full article

Overlooked controls and fragmented oversight leave mortgage lenders exposed to enforcement, litigation, and reputational damage. Learn how to close the gaps. View the full article

The Long Island-based lender is one of five nonbanks since January to have disclosed a prior hack, with the extent of those incidents remaining unknown. View the full article

Full documentation was only applied to 2.6% of the underlying pool of mortgages. Debt-to-income, however, was 23.3% when it was applied. View the full article

Layoffs stretch across the organization, including members of Summit's c-suite and its general counsel, the company said in a notice to California officials. View the full article

New questions about Fannie Mae and Freddie Mac's guarantee by experts who saw conservatorship start points to tensions in a stalled secondary offering. View the full article

The 30-year fixed mortgage has increased by 40 basis points since February, while the 15-year is 14 basis points lower than a year ago, Freddie Mac reported. View the full article

Affordability improved in February as rates dipped below 6%, but March's climb to 6.43% signals tougher months ahead. Lenders should act now on pockets of opportunity before rising rates erode recent gains. View the full article

Pulte alleged that James appeared to misrepresent who would occupy property in separate homeowner insurance applications, saying the documents could indicate that James "may have defrauded" insurers in those states. View the full article

Artificial intelligence has opened the door for innovations ranging from virtual economists and compliance assistants to lender-profitability forecasting. View the full article

A recent executive order encouraging changes to the Consumer Financial Protection Bureau's Ability-To-Repay and Qualified Mortgage rules are adding to a packed agenda at a time when the agency has lost a third of its staff. View the full article

Lenders and condo market stakeholders are raising concerns that new GSE rules ending limited reviews and tightening reserve requirements could raise costs and limit access. View the full article

The Federal Home Loan Bank system, a Depression-era program designed to shore up mortgage lending that has morphed into a go-to — and controversial — source of cheap financing for banks and other financial institutions. View the full article

Stakeholders rely on detailed, easy-to-read reports. From including cited data to using a structured format, learn how to simplify the lending reports process. View the full article

The national delinquency rate ticked up seven basis points to 3.72% last month, coupled with a 10-basis-point increase in prepayment speed, according to ICE. View the full article

The title policy and settlement statement datasets introduce digital standards that will allow the information on forms to move as data instead of documents. View the full article

The contract rate on a 30-year mortgage rose 13 basis points to 6.43% in the week ended March 20, according to Mortgage Bankers Association data released Wednesday. View the full article

What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate. View the full article

Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates. View the full article

The long-defunct Nationwide Biweekly Administration, accused in 2015 of deceptive marketing, has been ordered to pay a $7.93 million civil money penalty. View the full article

Federal Reserve Gov. Stephen Miran said it is too early to judge how U.S. involvement in the war with Iran will affect inflation and monetary policy. View the full article

Former Stockton originators are suing their ex-bosses for violating their privacy, in searching their personal accounts to show they were diverting borrowers. View the full article

The The President administration hasn't formally charged Swalwell, Adam Schiff or Lisa Cook, while a federal court tossed a prosecution against Letitia James. View the full article

Fannie Mae and Freddie Mac have begun placing sizable orders to purchase mortgage-backed securities, stepping into a market roiled by widening bond spreads and a surge in volatility, according to a person with direct knowledge of the matter. View the full article

United Wholesale Mortgage is offering revised terms. The mortgage real-estate investment trust that owns RoundPoint also received a third offer it's considering. View the full article