Contracts, Invoices & Legal

A trade group for participants in the clean energy loan program argues the upcoming regulations will be too burdensome and costly for participants. View the full article

The impacts of the federal government shutdown are hitting both originators and servicers, and as things drag out, the disruptions will increase. View the full article

The wholesale giant hasn't endured setbacks in litigation against five brokerages it's accused of selling loans to rivals Rocket Cos. and Fairway Independent Mortgage. View the full article

Second-lien mortgages make up the collateral pool. Those assets normally have a high expected loss severity, but the borrowers appear to be of prime credit quality. View the full article

Besides adding 60 days to the partial claim deadline in some cases, the bill also has provisions for buyer agent payments for Veterans Affairs borrowers. View the full article

The government shutdown added an additional dose of pessimism about the U.S. economy to panelists' outlooks, Wolters Kluwer said in its latest survey. View the full article

The multi-year, $100 million agreement will allow users to take financial actions without leaving the ChatGPT app. View the full article

The billionaire and legacy government-sponsored enterprise investor says there is a quick interim fix and they should eventually leave conservatorship. View the full article

Travis Hill's nomination to lead the Federal Deposit Insurance Corp. was recommended favorably by the Senate Banking Committee to the full Senate Wednesday morning in a 13-11 party-line vote. View the full article

Federal Reserve Gov. Stephen Miran argues that banks holding excess reserves are keeping the central bank's balance sheet bigger than it should be, and suggested that regulatory changes could help bring those reserves down. View the full article

Rocket enters the crowded DSCR market with a product for experienced investors, joining rivals as non-QM lending grows and demand for single-family rentals stays strong. View the full article

Even with this week's increase, mortgage rates have remained within a 13 basis point band since mid-September, with industry pundits saying that's where they will stay. View the full article

The Justice Department subpoenaed a key witness in the case, questioning the conduct of Bill Pulte and Ed Martin. View the full article

The Consumer Financial Protection Bureau and its union filed legal briefs Friday after a district court judge asked if a preliminary injunction aimed at preventing a mass layoff is still in effect. 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

Approximately 70% of home purchasers do not get more than one quote in the mortgage process, doing so could reduce their rate by 50 basis points, Zillow said. View the full article

After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said. View the full article

Federal Reserve Gov. Stephen Miran said higher goods prices could be the tradeoff for bolstering national security and addressing geoeconomic risks. 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

The threshold regards loans where the annual percentage rate is at least 1.5 percentage points higher than the average prime offer rate on first liens. View the full article

Nonfarm payrolls increased 64,000 in November after declining 105,000 in October, according to Bureau of Labor Statistics data out Tuesday. View the full article

Michael Hutchins, the two-time interim chief executive at the government-sponsored enterprise, will remain with the company in his role as president. View the full article

Monthly excess spread will confer credit enhancement to the notes, KBRA said, and while it will be released it will not be available as credit enhancement in future payment periods. View the full article

AI tools like ChatGPT are reshaping mortgage marketing, forcing lenders to rethink SEO, brand authority and how they show up as consumers turn to generative search for answers. View the full article

Patrick Terrance Donlon, CEO of Trusted American Mortgage, settled allegations from 21 states another person took industry education courses for him. View the full article