Contracts, Invoices & Legal

United Wholesale Mortgage is one of multiple home lending partners Dan Sogorka and Mike Fawaz's new company plans to bring on board. View the full article

The government-sponsored enterprise sees current rate levels likely to stick for longer compared to past forecasts, with the Iran War looming in the background. View the full article

The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain. View the full article

The all-stock acquisition of Mountain Commerce Bancorp in Knoxville marks the Arkansas-based company's first M&A foray since 2022. View the full article

Yields across maturities were higher by less than three basis points after rebounding from session lows. View the full article

The ex-employee was accused of violating conflict of interest rules and submitting falsified documents for $1.7 million worth of loans in her six-month tenure. View the full article

The Mortgage Bankers Association's index of home-purchase applications rose 5.1% in the week ended Jan. 16, data from the group showed Wednesday. View the full article

The Bureau of Labor Statistics issued its delayed January employment report Wednesday morning, showing the economy added 130,000 jobs in January. But the agency also sharply revised its estimates for total jobs created in 2025 to 181,000 from 584,000. View the full article

Some vendors' voice agents have quoted "outrageously low" interest rates to consumers, among other potential violations, according to one expert. View the full article

A White House Council of Economic Advisers report published Tuesday found that the CFPB cost consumers between $237 and $369 billion since its creation, an analysis that consumer advocates and some financial academics say is flawed. View the full article

About 1.3% of residential properties in the United States were vacant at the beginning of the year, Attom found. View the full article

A median-income household could comfortably afford a $331,483 home with a 20% down payment in January, $30,000 more than a year ago, Zillow found. View the full article

The national median payment applied for by purchase applicants rose from $2,025 in December to $2,070 last month, according to the Mortgage Bankers Association. View the full article

Though changes to bank capital rules previewed by Federal Reserve Vice Chair for Supervision Michelle Bowman in February being viewed as welcome, experts say other more significant hurdles — not all of them regulatory — are keeping banks on the sidelines of mortgage servicing and lending. View the full article

President The President's criticism of large institutional investors prompted inclusion of a sales timeline for build-to-rent properties in the ROAD Act, which in turn pushed NAHB to withdraw its support. View the full article

The industry welcomed the Department of Veterans Affairs' plan for implementing legislatively-created borrower relief but some would like more clarification. View the full article

Some of the best mortgage companies to work for discuss how they incorporate community service in their plans and the resulting business and personnel benefits. View the full article

The real estate investment trust said it needed more time for shareholders to vote in favor of the transaction, following speculation it was in trouble. View the full article

The contract rate on a 30-year mortgage rose 11 basis points to 6.30% in the week ended March 13 following a similar advance at the week before, according to Mortgage Bankers Association data released Wednesday. View the full article

Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded. View the full article