Contracts, Invoices & Legal

The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday. View the full article

A federal judge in Maryland ruled against the City of Baltimore's attempt to block cuts to Consumer Financial Protection Bureau program funding on procedural grounds. View the full article

A stop-work order from the Consumer Financial Protection Bureau's newly appointed acting director Russell Vought has created uncertainty about the future of consumer-oriented enforcement activity. 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

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

The housing regulator has been mum on details about its reshuffling, but Secretary Scott Turner has emphasized mission-critical functions would persist. 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

California leads the nation with over 1.5 million at-risk properties, but many threatened homes sit east including $68 billion worth of Florida real estate. View the full article

The Federal Deposit Insurance Corp. board of directors approved a proposal to roll back its 2024 merger policy, reinstating previous guidelines while charting a new policy toward bank combinations. View the full article

Russell Vought, the Consumer Financial Protection Bureau's new acting director, ordered staff to stop all work and closed the agency's headquarters for a week. 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

As steep tariffs on Canadian goods took effect this week, banks on both sides of the border expressed concern about the economic fallout and the uncertainty their customers face. View the full article

Mr. Cooper expects close to 350 former Flagstar employees to be integrated as team members. View the full article

The top five banks had a combined wholesale volume of more than $20 billion at the end of 2024's fourth quarter. View the full article

The enterprise failed to improve on its net income but did report a steady profit, and got closer to meeting minimum risk-based regulatory capital requirements. View the full article

Traders added to bets on interest-rate cuts from the Federal Reserve amid concern about the impact of US trade tariffs on global economic growth. View the full article

The average American must earn almost $117,000 a year in order to afford a median priced property as prices keep rising, a Bankrate analysis found. View the full article

Southeast homeowners affected by the storms last fall submitted a combined over 78,500 flood insurance claims to the National Flood Insurance Program. View the full article

With today's low inventory, an MIP reduction would again be absorbed into home prices, offering no real relief to buyers, write the co-directors of the AEI Housing Center. View the full article

On a GAAP basis, Intercontinental Exchange's mortgage business has lost money for nine quarters, but a metric that includes Black Knight makes it profitable. View the full article

Servicers—Citadel, NewRez and Selene Finance—will not advance any delinquent principal and interest. Eventually, that should reduce loss severities to the deal. View the full article

The jump, which represents an ICE Mortgage Technology survey high, reflects the past cost of natural disasters like hurricanes in the Southeast. View the full article

Potential cybersecurity and data privacy violations are among the many dangers of giving the Tesla CEO free rein over systems and data used for Social Security benefits and tax refunds. View the full article

The average purchase loan size hit a four-month high of $447,500 as fewer home shoppers are applying for government-backed mortgage products. View the full article

The grandson of the PulteGroup founder did not elaborate on plans for a much-anticipated government-sponsored enterprise exit from conservatorship. View the full article