Contracts, Invoices & Legal

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

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

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

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

If the government were to end the Fannie Mae and Freddie Mac conservatorships, the new status could constrain CRT deal ratings, as they are counterparties. View the full article

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

The companies did not disclose a purchase price, nor how many of the Houston-based Nations Reliable Lending employees would join the Ohio firm. View the full article

Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January's wildfires. High on the list is inadequate insurance, a common problem in California. 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

As homeowners insurance becomes expensive and hard to find, mortgage loan officers should work closely with insurance agents, said Travis Hodges of Viu by Hub. View the full article

The confabs are a sign that Republicans are getting serious about negotiating the contours of a tax deal, even as the House and Senate are pursuing separate strategies. View the full article

The latest refinance surge helped lift total application activity up for a second straight week, even as purchases fell, the Mortgage Bankers Association said. View the full article

A survey of senior bank officers at community banks by fintech firm IntraFi found bankers nearly evenly divided on the idea of merging federal bank regulators, while an overwhelming 93% support maintaining agency independence. 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

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

January's median payment also grew at its fastest pace since October as volatile interest rates hit homebuyers' wallets, the Mortgage Bankers Association said. View the full article

Most participants in a monthly Wolters Kluwer survey no longer think the next short-term rate reduction will be in March.

The top five banks had a combined unpaid principal balance of more than $26 billion at the end of Q4 2024. View the full article

Company executives touted the immediate returns from its rebranding and Super Bowl advertising campaign, with February activity exceeding expectations. View the full article

Purchases of new single-family homes decreased 10.5% last month to a 657,000 annualized rate, according to government data issued Wednesday. View the full article

These home lenders with under 100 employees are considered among their staffs the best mortgage company to work for in 2025. View the full article

The state's insurance commissioner made the change following analysis of title industry profits and expenses in Texas provided by its stakeholders. View the full article

Metrics the influential government-related mortgage investor is adding appear to be in line with a broader move to examine the impact of serial loss mitigation. View the full article

A former Biden official called the bureau protection against another housing crisis. The current White House calls it a "weaponized arm of the bureaucracy." View the full article

Excess cash flow will pay timely interest and protect against realized losses in the rated certificates before being paid out to the class X notes. View the full article