Contracts, Invoices & Legal

Class action lawsuits accuse the lender and servicer of negligence over the incident which compromised the sensitive data of tens of thousands of customers. View the full article

Components of the index all rose, including the highest reading for sales expectations in the next six months since the start of the year. View the full article

LendingTree found that during 2024, May's median price for a 1,500 square foot home was $194.20 versus January's $178.60, a difference of $23,400. View the full article

The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025. View the full article

Malloy Evans and Danielle McCoy are moving on as both Williamson and Tom Klein, deputy general counsel, take on their respective responsibilities for now. View the full article

Company officials credited recent mortgage rate pullbacks, a nonagency servicing partnership and Improvements in technology behind recent momentum. View the full article

Southern states' government-sponsored enterprise share lags outside of a small number of metros, the Center for Mortgage Access' analysis of HMDA data shows. 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

New-home mortgage applications dropped, but the annual sales pace was the strongest in over a year, the Mortgage Bankers Association said. 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

The government-sponsored enterprise took its first look at what new loan volume might be like in two years and found it could rise closer to pandemic levels. View the full article

Nearly 85,000 sellers removed their properties in September, the highest number for that month in eight years, according to Redfin. 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

Hildene, which partners with Crosscountry Mortgage for non-QM securitizations, is doing this deal as part of its buy of an annuity provider, SILAC. View the full article

Charlie Scharf has a mostly optimistic take on Wells' consumer banking prospects entering 2026. But he's more downbeat about the company's once-dominant residential mortgage business. View the full article

With the Federal Reserve decision largely factored in, Jerome Powell's comments on future outlook is more likely to influence the housing market. View the full article

This year Point has funded more than $2 billion in home equity investments to more than 20,000 homeowners nationwide. View the full article

The trade group's letter to FHFA Director Bill Pulte pointed out that lenders were facing credit report price hikes for four straight years. View the full article

National Mortgage News takes a look back at some of the major or unique transactions which went on, or in some cases didn't happen, in the past 12 months. View the full article

After the announcement last fall, Embrace added local staff and increased marketing nad outreach in New Jersey to assist potential Oceanfirst borrowers. View the full article

Founding partner Bob Lyons will help ensure continuity. Frank Pallotta and Kathleen Koprowski will lead an advisory board for the auditing and consulting firm. View the full article

Supply chain attacks have doubled since 2021, with professional services firms increasingly acting as "stepping stones" to access bank data. View the full article

DRMT 2026-INV1, is backed by a pool of 1,153 non-prime investment property mortgages, which have a moderate leverage levels of an original, combined loan-to-value (CLTV) ratio of 69.9%. View the full article

New residential construction in the US rose to a five-month high in December, as homebuilders boosted production to take advantage of lower borrowing costs. View the full article

Home prices edged up nationwide, but gains were modest and uneven. Major indexes agree on direction, differ on size, as 2025 posted weak growth. View the full article