Contracts, Invoices & Legal

The company that the global firm is investing in owns a U.S. mortgage correspondent business and another domestic lender that does business with brokers. View the full article

Even as they continue to press for additional changes, banks get some wins from the revised Basel capital framework and a ballpark estimate of their capital outlook for the next few years. View the full article

The lenders' examples of using generative artificial intelligence were more practical than transformational, but in any case data challenges represent a common problem. View the full article

House lawmakers scrapped a ban on big-money investors from purchasing single-family homes, opting for a path that clears the bill's legislative hurdles. View the full article

The lender, in addressing claims first raised by the Consumer Financial Protection Bureau, said its activities are protected by safe harbor provisions. 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

From volunteer trips to virtual costume parties, lenders are looking for new ways to boost employee wellness to keep their teams happy and healthy. View the full article

In a case mentioned alongside one decided by the U.S. Supreme Court, by 2-1, the judges said they could not overturn a past decision on California's escrow law. View the full article

The Senate confirmed former Federal Deposit Insurance Corp. board member Jonathan McKernan to serve as Treasury's under secretary for domestic finance on a party-line vote, installing a key industry ally in the Treasury Department. View the full article

The truth is straightforward: the VantageScore 4.0 credit score outperforms the outdated FICO Classic credit score for mortgage, writes the chief data scientist at VantageScore. View the full article

The new president, a 35-year industry veteran, explains the value every lender, vendor and regulator can get by participating in the standards organization. View the full article

The Department of Justice told a court that the bureau cannot legally request funding from the Federal Reserve System, arguing that the Fed has not turned a profit since 2022 and thus cannot fund the CFPB. 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 impact of extreme weather remains top of mind for many, with a majority of homeowners citing it as a factor behind purchase or relocation considerations. View the full article

On Jan. 26, use of the new Uniform Residential Appraisal Report shifts from limited production to the optional phase, giving lenders 10 months to get ready. View the full article

The estimated range for net income to common shareholders at the company formerly known as Ocwen rose in part due to a deferred tax asset valuation. View the full article

The average homebuyer who purchased a home below the asking price last year received a 7.9% discount, the largest since 2012, Redfin found. View the full article

Houston developer Colony Ridge Development agreed to resolve allegations that it operated a bait-and-switch scheme targeting Hispanic immigrants that led to massive foreclosures. View the full article

The two organizations announced the Certified Home Equity Advisor credential, which will help financial professionals integrate home equity in retirement plans. View the full article

The typical homebuyer's down payment in the United States decreased 1.5% year over year to $64,000 in December, Redfin said. View the full article

A highly esteemed bank policy researcher and author, Petrou was an influential voice in Washington and sharp critic of the Federal Reserve's ultra-low interest rate policy after the 2008 financial crisis. View the full article

The company also revealed more about the impacts of its data breach, and said it doesn't consider the development likely to materially affect its results. View the full article

New limits on trigger leads push originators toward first-party data, past customers and referral networks as they rethink how to reach borrowers. View the full article