Contracts, Invoices & Legal

A Government Accountability Office report warns the Office of the Comptroller of the Currency to clarify which records from the Basel Committee on Banking Supervision should be treated as federal records and thus retained according to the Federal Records Act. View the full article

After four years, the senior note classes will either pay a 100 basis-point increase to the fixed coupon or the net weighted average coupon (WAC) rate, whichever is lower. View the full article

The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July. View the full article

More than half of respondents in a National Mortgage News survey predict AI-backed underwriting will fundamentally change mortgage processes in 2026. View the full article

MBS numbers at both soared in January, when The President directed the enterprises to accumulate more bonds, but a decline in loans shrunk Freddie's total number. View the full article

Active listings grew 7.9% year over year in February, but just 0.2% month over month, reaching more than 914,000 homes on the market, according to Realtor.com. 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

Caution around the move is growing as focus has shifted to affordability, and current trading prices make near-term action unlikely, according to Wedbush. View the full article

CEO Vishal Garg said he expects his firm's brokering loans for Credit Karma to make the consumer platform the largest originator in the country. View the full article

While the tone is still generally upbeat, the market is mired below October's price highs and yields are range-bound. View the full article

If cumulative loss or a delinquency trigger event is in effect, then the deal will distribute principal among the class A notes before any principal allocation the class M1 or class B certificates. View the full article

Planet Home Lending, helped by growing recapture and distributed retail volume, did 64% more originations in the third quarter than one year prior. View the full article

The NPLA Watchlist helps lenders, brokers and service providers spot borrowers who may pose added risk. View the full article

Declining issuances since 2022 led to a request for information regarding the future direction of the reverse mortgage program, and NRMLA and MBA responded. View the full article

Federal Housing Finance Agency Director Bill Pulte should be called to testify before lawmakers no later than the end of January, the Democratic members of the Senate Banking Committee wrote in a letter Friday to Republican Chairman Tim Scott. View the full article

The National Defense Authorization Act will be voted on by the House without the housing package that passed through the Senate Banking Committee unanimously. View the full article

Refinance retention hit 28% last quarter, the highest percentage in three and a half years, according to ICE Mortgage Technology. View the full article

An attorney for Christopher J. Gallo, who is battling 18 federal charges, said the lender's 18-month delay in pursuing the sign-on bonus makes little sense. View the full article

Forty percent of Americans planning to buy or sell a home in 2026 worry about a potential market crash, according to a new report from Clever Offers. View the full article

A rise in issuance of nonqualified mortgages and seconds is in the forecast but home prices, credit and the GSEs may impact private-label bonds' trajectory. View the full article

New Jersey-based OceanFirst Financial slid in its planned $579 million acquisition of Flushing Financial just before the end of the year. The private equity firm Warburg Pincus is also participating in the transaction. View the full article

National home prices grew monthly and annually in October, but considerably less than last year, according to S&P Dow Jones Indices. View the full article

AI's capabilities far exceed how the technology is being used in mortgage, but an all-in strategy will quickly put companies ahead of the pack, leaders say. View the full article