Contracts, Invoices & Legal

The Federal Housing Administration has accelerated the timeline and will make the wait time for repeat home retention requests longer than originally planned. View the full article

Robert Wagnon is retiring and sold his 75% share to long-time mortgage executive Andrina Valdes, while Paulina McGrath remains as co-owner and president. View the full article

In internal shakeup, the Office of the Comptroller of the Currency will unify supervision divisions, revive the Chief National Bank Examiner office, and elevate IT oversight as part of a broader streamlining push. View the full article

Federal Reserve Chair Jerome Powell warned that actions that undermine the apparent stability of the U.S. economy could have lasting effects on its status as a global safe haven. View the full article

Banks ceded their market share of home finance following the Great Recession. Will the current regulatory environment make them more involved players? View the full article

The highly volatile interest rate environment will actually result in higher refinance mortgage volume than previous forecast for 2025 and 2026. View the full article

Chief Operating Officer Joseph Gormley's appointment fills out a thin executive team at the government corporation, which plays a key role in funding mortgages. View the full article

Senators want to investigate the rapid changes to Fannie Mae and Freddie Mac's boards of directors, and seek more clarity about reported layoffs. View the full article

US homebuilder confidence barely rose this month on a pickup in current sales, though demand expectations stumbled to a more than one-year low and prices of construction materials are climbing on the heels of higher tariffs. View the full article

Starting April 22, mortgage brokers will be able to access Rocket Pro's loan pricing, interest rates and product eligibility, the company announced. View the full article

US mortgage rates jumped last week by the most since October on the back of heightened volatility in the Treasury market, causing a pullback in financing applications for home purchases and refinancing. View the full article

As tariff turbulence continues, BofA is predicting a slowdown, not a downturn. But America's second-largest bank is also signaling that it's prepared for a more severe scenario. View the full article

The deal has an extensive capital structure, which is expected to repay investors sequentially, with notes enhanced by subordination. View the full article

A bipartisan group of representatives co-sponsored the bill, aiming to make permanent and expand eligibility for a deduction previously offered for 14 years. View the full article

While no additional details were disclosed, the housing regulator's inspector general typically probes cases which are prosecuted by the Department of Justice. View the full article

The firm's chief financial officer replaces Kenneth DeGiorgio, who recently pleaded not guilty in a Puerto Rico federal court to a misdemeanor assault charge. View the full article

Recent wildfire updates include the Federal Housing Authority's waiving of quality-control reviews and the upheaval of the state's commercial real estate space. View the full article

The Seattle-based company, which had made home loans for more than a century, announced it was quitting the mortgage business in January. It booked nearly 400 small business loans in the first quarter and expects that total to grow as its team gains traction. View the full article

The former underwriter, who worked for the Georgia lender from 2023 to 2024, claims she worked more than 60 hours a week on average and was not fairly compensated. View the full article

The potential impact of agentic AI on the mortgage industry's future lies in its ability to give human employees "superpowers," technology leaders say. View the full article

Bessent reiterated his interpretation of the decline being mainly a product of deleveraging, saying he had no evidence that sovereigns were behind the drop. View the full article

The re-engineering of the convertible note arrangement between the two parties includes a one-time cash payment of $110 million by Better. View the full article

Federal Reserve Board member Christopher Waller said he would not be deterred from classifying inflation as "transitory" despite the board's recent experience underestimating inflationary pressures. View the full article

Cross 2025-H3 has moderate leverage, according to KBRA, with a weighted average (WA) loan-to-value ratio of 72.3%, and a debt-to-income ratio of 33.5%. View the full article