Contracts, Invoices & Legal

The regulator says its prior amicus brief, which cited the Fair Debt Collection Practices Act and sided with borrowers, was no longer valid. View the full article

A federal housing official pledged to take near-term action on credit score costs as two legislators have urged him not to allow fewer credit reports. View the full article

The reverse stock split, consolidating eight shares into one, is designed to bring the Luxembourg-based company back into listing compliance on Nasdaq. View the full article

Despite interest rate volatility, prepayment rates also increased, surging to levels last seen in October, according to a new ICE Mortgage Technology report. View the full article

The run-up in prices since the pandemic, and mortgage rates hovering near 7%, have squeezed affordability for house hunters, pushing many to the sidelines. View the full article

The Mortgage Bankers Association deleted web pages including a diversity, equity and inclusion playbook, citing compliance with President The President's orders. View the full article

This potential transaction would be part of a broader trend of mortgage lenders and servicing players converging, such as Rocket's recent acquisition of Mr. Cooper. View the full article

A recent deal involving a troubled Texas bank shows that even the most lopsided depository can find an exit. View the full article

Federal Reserve Gov. Lisa Cook said in a speech Friday that the market's response to recent volatility shows resilience, but more study is needed about the financial stability implications of business relationships between banks and nonbanks. View the full article

The top female loan originator in the mortgage industry logged $186.5 million in dollar volume over the course of 2024. View the full article

Purchases of new single-family homes increased 11% last month to a 743,000 annual rate, the highest level since February 2022, according to government data. View the full article

Rapidly rising tuition and housing costs both contributed to lower homeownership rates and a more than twofold surge in student debt in under 15 years. View the full article

The 14.3% rate for deals withdrawn in any April is the highest level other than in Covid-impacted 2020, as homebuyers reexamine the market, Redfin said. View the full article

Yields on the 10-year Treasury have been climbing because of the Moody's U.S. downgrade, the tax bill under debate in Congress and possible GSE reform. View the full article

Bond yields are shooting up for the second time in as many months. Federal Reserve Gov. Christopher Waller attributes the volatility to concerns about rising national debt levels. View the full article

The increase reflects a broader trend that rating agency analysts are watching closely as depository ties to other types of financial institutions grow. View the full article

The number of major housing markets with annual home price declines is the largest since late 2023, when average mortgage rates were above 7.5%. View the full article

The unexpected drop to the slowest pace in seven months was driven by ongoing affordability constraints and is a lackluster start to the Spring selling season. View the full article

Panelists at the Mortgage Bankers Association's conference credited investors for helping create the conditions strengthening performance of non-QM portfolios. View the full article

The state's regulator said the insurer must show it will cover more homeowners, and be more transparent. Consumer advocates want more concessions, saying the insurance crisis can't be solved on the backs of homeowners. View the full article

The contract rate on a 30-year mortgage rose 6 basis points to 6.92% in the week ended May 16, according to Mortgage Bankers Association data released Wednesday. View the full article