Contracts, Invoices & Legal

The Department of Housing and Urban Development is selling more due-and-payable HECMs on homes that are occupied while reviewing the loan program. View the full article

Walker & Dunlop Affordable Bridge Capital will originate flexible, short-term first-mortgage bridge loans for properties designated for government programs. View the full article

The company was founded in 1986 by current CEO Mat Ishbia's father Jeff and became the No. 1 originator by dollar volume in the third quarter of 2022. View the full article

Loanlogics rolled out the LoanBeam NQM income analyzer in October and has four users for the non-qualified mortgage underwriting technology, including Pennymac. View the full article

Defendants argued the vendor doesn't operate a pricing algorithm, and said some of the implicated home loan players never used the software. View the full article

Originators with less than $59 million in assets don't have to share their loan data with CFPB, as the semi-shuttered regulator continues mortgage oversight. View the full article

Across-the-board decreases across all loan types drove the Mortgage Bankers Association's full credit availability index to its lowest in three months. View the full article

Kelman chose to step down from the company, which he had spent 20 years running, a week before its second phase of integration with Rocket. View the full article

Financial markets took a tumble Monday morning after Federal Reserve Chair Jerome Powell announced that he was the subject of a Justice Department inquiry concerning the central bank's headquarters renovation. Lawmakers and former Fed officials decried the move as political intimidation. View the full article

The Bureau of Labor Statistics reported Tuesday morning that consumer prices rose 0.3% in December, with annual inflation stuck at 2.7%, lending credence to the Federal Reserve's cautious stance toward interest rates heading into 2026. View the full article

Sales of new homes in the US were little changed in October near the strongest pace since 2023 as builders lured anxious customers with price cuts and incentives. View the full article

Cryptocurrency development in the mortgage industry has accelerated in no small part from easing regulation and a push from FHFA Director Bill Pulte. View the full article

A Florida man's racketeering class action case accuses two mortgage employees of conspiring with a homebuilder to facilitate fraudulent construction draws. View the full article

"These changes reflect adjustments we're making to ensure our staffing levels, locations and expertise align with current business needs; efficiencies we have gained through technology; and progress against our transformation work," the company said in a statement. View the full article

The bank did $16 billion of originations during the final three months of 2025, with the quarter-to-quarter increase beating industry-wide growth forecasts. View the full article

Over 46% of mortgage transactions examined had at least one significant wire fraud or title risk, with 3.2 findings per transaction, Fundingshield said. View the full article

The contract rate on a 30-year mortgage dropped 7 basis points to 6.18% in the week ended Jan. 9, according to Mortgage Bankers Association data released Wednesday. View the full article

Contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since February 2023, according to figures released Wednesday by the National Association of Realtors. View the full article

The San Francisco-based banking giant reported solid gains in credit card and auto lending as credit remained in check and quarterly operating costs declined from a year ago. View the full article

The megabank's net income declined by 13% during the fourth quarter as a result of a $1.2 billion pre-tax loss on sale related to the divestiture of its remaining operations in Russia. View the full article

Titl hopes to standardize and connect property records through a centralized, digitized U.S. registry, which would lead to reduced closing times and costs. View the full article

Total lock volume increased 2% from November and finished 30% higher than last December, according to Optimal Blue's latest Market Advantage report. View the full article