Contracts, Invoices & Legal

Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry. View the full article

Overall performance is stable but inflation and unemployment have hurt newer borrowers in some cases, according to Transunion's 2026 consumer credit forecast. View the full article

Nearly 20% of homeowners had a mortgage rate of at least 6% in the second quarter of this year, signaling Americans are warming up to higher rates, Redfin said. View the full article

All of those surveyed by Wolters Kluwer for its May Blue Chip Economic Indicators report ruled out the possibility the Fed could raise short-term rates. View the full article

Meanwhile, home prices are set to grow 3 to 4% in 2025, a Fitch report predicts. View the full article

Parent company Remax is reporting growing momentum in Wemlo, its technology unit that offers processing automation for loan brokers, which hiked prices last year. View the full article

Real is acquiring Motto's parent Remax in a deal valued at $13.80 per share, as the new Real Remax Group will have "two distinct models, one platform." View the full article

Mr. Cooper expects close to 350 former Flagstar employees to be integrated as team members. View the full article

Former Mr. Cooper CEO Jay Bray will become Rocket Mortgage's president and CEO as the $14.2 billion transaction closes in just six months after announcement. View the full article

The latest announcement comes two months after an initial round of staff reductions following approval of Rocket's acquisition of the company. View the full article

Sridhar Sharma, Mr. Cooper's chief innovation and digital officer until it was bought by Rocket, is the new president of the mortgage servicing tech provider. View the full article

The megaservicer is fending off a class-action lawsuit while suing its insurers for allegedly failing to indemnify it following its breach in 2023. 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 industry's largest servicer, which agreed at the end of the quarter to be acquired by Rocket, had a $82 million write-down due to shifting interest rates. View the full article

The company more than doubled results over comparable periods and exceeded estimates due to stronger economies of scale and valuation adjustments in its favor. View the full article

Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said. View the full article

Some observers say changes to MSR risk-weighting would have limited near-term impact and are unlikely to prompt banks to rush back. View the full article

Multifamily debt held by all capital sources continues to grow at a faster pace than the overall commercial market, the Mortgage Bankers Association said. View the full article

Potential cybersecurity and data privacy violations are among the many dangers of giving the Tesla CEO free rein over systems and data used for Social Security benefits and tax refunds. View the full article

The real estate firm resolved two other NTRAP lawsuits in late 2025 and may find itself in front of another following a recent Nevada investigation. View the full article

In the New Jersey case, MV Realty and its principals agreed to pay $28 million in fines and restitution for these "Homeowner Benefit Agreements." View the full article

The mortgage broker trade group put out a white paper calling for lowering transaction costs, increasing housing supply and reducing regulatory barriers. View the full article

The real estate industry has paid over $1 billion in combined settlements in the longstanding cases from home sellers challenging commissions payments. View the full article