Contracts, Invoices & Legal

More than three-quarters of brokers are using popular AI platforms, but application of lender-specific software lags considerably, according to AD Mortgage. View the full article

The 30-year fixed spiked earlier in the week, but fell as Middle East news helped to drive the 10-year Treasury yield lower by 9 basis points by Wednesday. View the full article

A capital rule overhaul could make bank charters attractive to independent mortgage banks, reshaping who controls home lending in America. View the full article

Artificial intelligence's ability to uncover and analyze granular data across large volumes of files may result in AI agents executing trades themselves, mortgage leaders said. View the full article

The push by some The President officials to bring charges against James had stalled as former U.S. Attorney Erik Siebert determined their wasn't enough evidence. View the full article

In a complaint filed in Virginia federal court, the FTC said the partnership would reduce the number of websites offering apartment listings, leaving consumers with fewer places to search. View the full article

The partnership centers on a master purchase agreement for a portfolio of mortgage servicing rights that the real estate investment trust is buying. View the full article

House Financial Services Committee ranking member Maxine Waters, D-Calif., asked bank regulators to give banks the supervisory clearance to extend lines of credit and modify loan terms for federal employees furloughed after the government shut down last week. View the full article

Traders are bracing for a range of Fed outcomes: some hedging flows have favored outlier dovish scenarios and other trades have focused on the possibility that the Fed forgoes a move at one meeting. View the full article

Fathom Holdings acquired START Real Estate to expand its first-time homebuyer program, the company announced Thursday. View the full article

The Long Island-based bank hasn't been profitable in eight quarters, but executives maintain that it's on the right path, citing more loan book diversity, lower expenses and an improved margin. View the full article

On a year-over-year basis, Waterstone's mortgage business was able to grow pretax profits to $1.3 million in the third quarter, compared with $144,000 in 2024. View the full article

FHA loans accounted for about half of the annual rise in foreclosure starts and 80% of the rise in active foreclosures in September, according to ICE. View the full article

FFIN 2025-3's average loan balance, $16,366 was lower compared with the 2025-2 deal, when it was $19,993, and the WA interest rate on the current deal is 12.15%, down from 12.56%. View the full article

The tech giant provided context around Flagstar and Pennymac's moves, as it reported more Encompass and MSP clients and greater mortgage income. View the full article

In her first public appearance since President The President moved to fire her from the Federal Reserve Board of Governors, Fed Gov. Lisa Cook reiterated her commitment to bringing inflation under 2% and said that the labor market remains "solid." View the full article

Private-sector payrolls increased by 42,000 after a revised 29,000 decline a month earlier, according to ADP Research data released Wednesday. View the full article

The FHFA director hinted at a partnership in the works and doubled down on criticism of homebuilders and the Fed chair in a housing conference interview. View the full article

The impacts of the federal government shutdown are hitting both originators and servicers, and as things drag out, the disruptions will increase. View the full article

The credit score firm partnered with Plaid to bring additional cash-flow data into its previously released UltraFICO score. View the full article

Non-QM's rapid rise is reshaping how lenders underwrite and manage risk, setting a model the rest of the industry will follow, writes the founder of Prudent AI. View the full article

The new cap of $88 billion per company tops this year's $73 billion limit, but keeps pace with multifamily mortgage volume growth in recent months. View the full article

Non-banks tracked by Morningstar DBRS reported combined net income of $367 million for the third quarter, down from $807 million three months prior. View the full article