Contracts, Invoices & Legal

A series of social media posts, from the US president over the weekend and then from the FHFA director and real estate scion Pulte on Wednesday, are helping put an S&P gauge of builders on track for a four-day losing streak. View the full article

Forbearance or refinancing may help some, workarounds can keep many mainstream loans moving and one type of uncertainty does have an upside for rates. View the full article

The Federal Reserve Board finalized changes to its supervisory rating framework, allowing large bank holding companies to be considered "well managed," even with one deficient rating. View the full article

The impacts of the federal government shutdown are hitting both originators and servicers, and as things drag out, the disruptions will increase. 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

While some international purchasers are reluctant to buy in the U.S. right now, interest in investment properties still abounds, the CEO of Waltz said. 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

Delinquency trends split in Q3, with securitized and agency loans showing more strain while banks and life companies saw small improvements amid uneven vacancy and rent conditions. View the full article

New-home purchase activity rose 3.1% year over year, but dropped 7% from October, the Mortgage Bankers Association said. View the full article

Although some of the cohort surveyed were flush with savings, others admitted having precarious debt situations and steadfast attitudes toward luxury purchases. View the full article

The Senate allowed the nomination of a permanent director of the Consumer Financial Protection Bureau to lapse, giving acting Director Russell Vought more time to lead the agency on a temporary basis. View the full article

The $69 billion sale of two-year notes was awarded at 3.580%, more than a basis point below its yield at the bidding deadline. View the full article

The federal government should step in to prevent an emerging patchwork of state regulations from stifling the benefits of applying the tools of generative artificial intelligence to the mortgage market. View the full article

Total consumer debt in the United States hit $18.2 trillion by the end of last year, with $12.8 trillion attributed to first mortgages, according to Equifax. View the full article

While two employees say they were never repaid for a $200,000 loan to the struggling lender, the CEO says the pair broke their promise to cover business losses. View the full article

Rate discounts are available for both refinance and purchase mortgage applications from several lenders including UWM, Carrington, Chase and Silver Hill. View the full article

The House Financial Services Committee passed a legislative package heavily favored by banks in a 26-16 vote View the full article

While correspondent is still the bulk of Planet Financial's production, growth of its servicing portfolio helped the company increase retention volume. View the full article

The artificial intelligence-based technology automates manual processes associated with the financing, including draws, for homes under construction. View the full article

Newly minted doctors want to buy homes but because of student debt and job history, likely can't even meet the wider jumbo underwriting criteria without help. View the full article

The US has a shortage of at least 10 million single-family homes, according to a new report from White House economists — a higher figure than some previous estimates from the government and the private sector. View the full article

More than a third of sellers have mortgage rates below 5%, yet still plan to list their homes this spring, according to a survey from Coldwell Banker. View the full article

The changes include clearer and revamped questions and updated requirements for criminal, regulatory and financial disclosures, the CSBS said. View the full article