Contracts, Invoices & Legal

Federal Reserve Governor Lisa Cook's legal team argued in a new letter to Attorney General Pam Bondi that the claims "fail on even the most cursory look at the facts." View the full article

Application error findings rose over 15%, the second quarter in a row they have moved higher, the post-closing file review from Aces Quality Management found. View the full article

Luxury home prices rose 5.5% year over year in October to a median $1.28 million, far outgaining the 1.8% increase of nonluxury homes. View the full article

The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. issued a final rule Tuesday that softens leverage demands for the biggest and most systemically risky banks and lowers the community bank leverage ratio to 8%. View the full article

Declining issuances since 2022 led to a request for information regarding the future direction of the reverse mortgage program, and NRMLA and MBA responded. View the full article

Gallego introduced legislation to amend the EB-5 immigrant investor visa program in order to funnel more money into the construction and rehabilitation of homes. View the full article

The Government Accountability Office has agreed to investigate Federal Housing Finance Agency Director Bill Pulte for allegations of misuse of power and violations of federal privacy laws View the full article

The decision in a New York case that is also undergoing federal review puts pressure on related parties to get things right within a statute of limitations. View the full article

November rate locks fell seasonally but hit their strongest level since 2021, led by refis, while lenders shifted more loans to the GSE cash window. View the full article

Hartford, Connecticut, Rochester, New York, and Worcester, Massachusetts, headed the list of the 100 largest metro areas in the country, according to Realtor.com. View the full article

The carryovers range from some $2.4 million in California and some $1.9 million in Texas to $44,851 in Alaska and $39,297 in Vermont. View the full article

Three Democratic Senators say Demotech's assessments "raise profound governance and reliability concerns" in letters to Fannie Mae and Freddie Mac. View the full article

As CFPB oversight recedes, servicers are turning to FHA, VA and state rules for guidance, with distressed loan compliance, redefaults and local registration risks rising in 2026. View the full article

National home prices grew monthly and annually in October, but considerably less than last year, according to S&P Dow Jones Indices. View the full article

After the ceremony on Thursday, Mamdani announced three executive orders focused on housing affordability to kickstart his agenda. View the full article

Yields gravitated back toward session lows — down three to four basis points on the day — after the December ISM manufacturing gauge unexpectedly dropped. View the full article

A shared client base helped lead to introduction of the new integration, with implementation scheduled to come later this year, the companies said. View the full article

The notes are expected to pay coupons of 4.94% on notes in the A1FCF tranche, rated AAA from KBRA and Fitch Ratings, to 6.78% on the B1 notes. View the full article

A Community Home Lenders of America adds arguments against use of single bureau while another paper takes the position that the idea merits further study. View the full article

A retail channel veteran, Promisco has spoken frequently about the potential of AI to bring efficiency and lower costs in the loan origination process. View the full article

Treasury moves look less about data or auctions and more about gaps and channels, with PMI next to decide direction, according to the CEO of IF Securities. View the full article

The contract rate on a 30-year mortgage rose 8 basis points to 6.24% in the week ended Jan. 23, according to Mortgage Bankers Association data released Wednesday. View the full article

The pending agreement would resolve claims over a 2021 hack which affected 5.8 million customers of Lakeview, Community, and Pingora Loan Servicing. View the full article

Overall, three-quarters of those in a National Mortgage News survey believe loan production will increase during 2026, but just 15% felt strongly about it. View the full article

Originators of the clean energy loans will have to follow stricter lending laws, a move that program administrators say will hike costs and reduce funding. View the full article