Contracts, Invoices & Legal

Russell Vought, should he be confirmed by the full Senate, would join a short list of those able to lead the CFPB, as his predecessor Mick Mulvaney did, per the requirements of the Vacancies Act. View the full article

The company more than doubled results over comparable periods and exceeded estimates due to stronger economies of scale and valuation adjustments in its favor. View the full article

The lender says its first-of-its-kind program can give consumers up to $5,000 in credits based on their prior 12-month rent payment history. View the full article

A just-released McKinsey report predicts strong growth for market data providers, but analysts note that big tech companies are encroaching. View the full article

Neo Home Loans, the business at the center of the trade secrets suit, has always maintained its independence in its lender partnerships, its co-creator claims. View the full article

Slow repair cycle times, widespread premium increases and the volume of catastrophic events all contribute to dissatisfaction, according to the U.S. Property Claims Satisfaction Study from J.D. Power. View the full article

The Federal Reserve's preferred inflation index showed little progress toward its target of 2%, increasing the likelihood of a prolonged rate pause. View the full article

A House Financial Services Committee spokesperson said the committee will hold its required semiannual hearing with the Consumer Financial Protection Bureau director after nominee Jonathan McKernan is confirmed rather than with interim director Russell Vought. View the full article

Bids were due last week for the portfolio of so-called jumbo mortgages from US homeowners with relatively high credit scores. View the full article

While prices and mortgage rates are having an effect on consumers, homeownership is still more affordable than renting in much of the country, new research found. View the full article

Housing finance players accused of wronging consumers slammed the lawsuits as politically motivated efforts by former Biden-era bureau director Rohit Chopra. View the full article

Ryan Donovan, the Council of Federal Home Loan Banks' CEO, foresees affordable housing mandates becoming more focused on home supply than demand. View the full article

Contract closings in January decreased 4.9% to an annualized rate of 4.08 million, data released Friday by the National Association of Realtors show. View the full article

The MBA disclosed the year-end rankings of income-producing mortgage servicers at its yearly conference for this part of the industry. View the full article

The Department of Veterans Affairs ended a break for borrowers put at a disadvantage by a discontinuation of pandemic aid as they transitioned to a new program. View the full article

The Community Home Lenders of America wants streamlined regulations for smaller independent mortgage bankers from the Bureau, including on compensation. View the full article

Current and retired federal employees say Treasury officials granted Elon Musk improper access to federal financial records, violating privacy laws. View the full article

Lenders increased offerings in jumbo and non-QM segments as the industry focuses on customers with strong credit, the Mortgage Bankers Association said. View the full article

The government conservatorship of Fannie Mae and Freddie Mac wasn't meant to last forever, but releasing the companies is complicated and should involve a diffident Congress, housing policy experts said during a Federal Reserve Bank of Atlanta housing panel. View the full article

Consumer and employees groups are seeking a restraining order against CFPB acting Director Russell Vought, arguing that he was unlawfully installed and has "no power to direct" the bureau. View the full article

Momentum against Maryland guidance that extends licensing requirements to securitization trusts is growing and some legislators want to scale it back. View the full article

Rising insurance costs are leading providers and condo associations to consider changes to policies that would make some loans ineligible for GSE sale. View the full article

Nexpoint Real Estate Opportunities has now made its own bid for the REIT, just days prior to a special meeting to vote on the merger with Ready Capital. View the full article

A coalition of national financial organizations filed a friend-of-the-court brief for preemption after regulators filed one against it in a key servicing case. View the full article

The new tool taps into Intercontinental Exchange's AllRegs database, which contains over a million pages of guidelines from various sources. View the full article