Contracts, Invoices & Legal

With limited seasoning and primarily a clean payment history, OBX 2026-NQM1 had a seasoned probability of default of 33.3% among the AAA stresses and 11.4% among the B. View the full article

The deal still faces a lawsuit from activist investor HoldCo Asset Management, which contends that Comerica didn't properly shop itself before agreeing to sell to Fifth Third. View the full article

Wells Fargo, JPMorgan Chase, U.S. Bancorp and Citigroup will streamline borrower requests for an additional 90-day forbearance, allowing verbal applications. View the full article

Lenders shouldn't expect the latest jobs numbers to yield major monetary policy moves after the unemployment rate came in mostly flat last month, experts say. View the full article

The latest Lower acquisition comes after several previous mergers with lenders as well as two last year that incorporated technology and real estate platforms. 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

A mortgage insurance premium deduction in Maine would come after the reintroduction of a similar federal policy, which took effect with the 2026 tax year. View the full article

Dono becomes the latest platform focused on expediting property records searches to benefit from funding in 2026, as investors show support for AI development. View the full article

The multimillion-dollar acquisition boosts PennyMac Financial Services' total portfolio above $1 trillion and adds to a wave of industry consolidation. View the full article

The income needed to afford a home had been rising on an annual basis nearly every month for five years, but affordability has been improving since the summer. View the full article

A House subcommittee hearing discussing the future of the government-sponsored enterprises, noted both are still severely undercapitalized. 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

For the first time since early September 2022, the Freddie Mac Primary Mortgage Market Survey has the 30-year below 6%, but the 15-year gained this week. View the full article

The former two-time head of the Federal Housing Administration is an industry consultant since he left government service following Pres. The President's first term. View the full article

Applications for renovation financing in 2024 were more abundant in some of the nation's smaller counties and states, than in the largest housing markets. View the full article

The government-sponsored enterprises' oversight chief severed ties with the AI firm following President The President's dispute with it over boundaries on military use. 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

These home lenders with 500 or more employees are considered among their staffs the best mortgage company to work for in 2026. View the full article

Pending sales of US existing homes unexpectedly rose in February for the first time in three months as buyers took advantage of lower mortgage rates and slower price growth. View the full article

Federal regulators issued proposals Thursday to implement the final elements of the Basel III accords, adjust the Global Systemically Important Bank surcharge and implement standardized approaches for risk-weighted assets. The changes would reduce capital requirements for banks of all sizes affected by the rules. View the full article

A bipartisan housing provision has emerged as a critical negotiating point for passage of an uncommonly bank-relevant defense authorization bill. View the full article

New York developers are transforming struggling office buildings into more than 12,000 new apartments in a bid to help offset the city's worst housing crisis in decades. View the full article

The lowest-priced properties purchased by investors typically left them in the red when sold, according to the latest home flipping report from Attom. View the full article

A significant portion of the loans in the pool by balance, 44.5%, are designated at non-QM, according to DBRS, adding that about 50% of the loans in the pool were made to investors for business purposes. View the full article