Contracts, Invoices & Legal

A successful summer pilot led to wider rollout of a program, whereby Robinhood Gold subscribers will be able to find discounted rates and closing costs. View the full article

Built launched Draw Agent Tuesday, which can process thousands of construction loan draws monthly. View the full article

The Federal Reserve Board finalized changes to its supervisory rating framework, allowing large bank holding companies to be considered "well managed," even with one deficient rating. View the full article

Two government-sponsored enterprises are looking into expanding mortgage transfers between borrowers, according to the head of their oversight agency. View the full article

If cumulative loss or a delinquency trigger event is in effect, then the deal will distribute principal among the class A notes before any principal allocation the class M1 or class B certificates. View the full article

Planet Home Lending, helped by growing recapture and distributed retail volume, did 64% more originations in the third quarter than one year prior. View the full article

Bank statement loans, a home equity credit card and a blockchain investment product are among the new offerings designed to reach an $11 trillion market. View the full article

Manufactured housing could see eased lending rules if the defense bill removes the "permanent chassis" requirement, expanding FHA mortgage eligibility. View the full article

This year Point has funded more than $2 billion in home equity investments to more than 20,000 homeowners nationwide. View the full article

The Federal Reserve Board of Governors voted Wednesday to reappoint 11 sitting regional Fed presidents, without any dissents. The move precludes any effort the White House might have made to pressure the board to deny reappointments. View the full article

Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data. View the full article

The 30-year fixed rate mortgage dropped 3 basis points this week, its lowest level since October and just over its 52-week bottom, Freddie Mac reported. View the full article

The merger of equals, which received a chilly reception from investors when it was announced in July, closed faster than analysts had expected. View the full article

The class action complaint describes, from a real estate agent's perspective, how the company allegedly pushes borrowers toward its in-house lending arm. 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

The activist investor is calling on Costar to exit its residential real estate businesses to concentrate on commercial. View the full article

Primelending produced a pretax loss of $5.2 million in the fourth quarter, significantly lower than the loss of $15.9 million in the same period a year earlier. View the full article

Michael Strauss faces massive Sprout liabilities as his wife and a former associate launch a new mortgage firm, raising questions about ties to the fallen lender. View the full article

The Senate-approved bill that hadn't yet cleared the House at the time of this writing would fund agencies like HUD through the end of the fiscal year. View the full article

The rate impact has been real, but the capital implications do little to change all the "moving parts" in plans for the government-sponsored enterprises. View the full article

The class action lawsuit, which picks up from a lingering 2022 case, says over 787,000 plaintiffs across 36 states were unfairly charged a combined $15 million. View the full article

The former two-time head of the Federal Housing Administration is an industry consultant since he left government service following Pres. The President's first term. View the full article

Proposed housing legislation aimed at curbing institutional homebuying could also block investment platforms that let everyday Americans own shares in rental homes, according to the CEO of Arrived. View the full article

The embattled regulator has dropped more than half its Biden-era docket, including cases against Apple and U.S. Bank. But insiders at the bureau say that's just the beginning. View the full article

Contract closings fell 0.2% last month to an annualized rate of 4 million, according to National Association of Realtors figures released Thursday. View the full article