Contracts, Invoices & Legal

The $13 billion auction was awarded at 4.846%, about a basis point lower than its yield in trading just before 1 p.m. 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

The artificial intelligence-based technology automates manual processes associated with the financing, including draws, for homes under construction. View the full article

The NCUA, as liquidating agent for three failed corporate credit unions, sued in 2018 claiming U.S. Bank failed to perform its role as RMBS trustee. View the full article

An expanded data set based on the third quarter annual price changes is what U.S. Federal Housing uses to calculate next year's conforming loan limits. View the full article

A 90-day pause on reciprocal tariffs between the U.S. and China boosted the near-term economic outlook for banks, but tensions and uncertainty around trade barriers remain high. View the full article

On Jan. 26, use of the new Uniform Residential Appraisal Report shifts from limited production to the optional phase, giving lenders 10 months to get ready. View the full article

The housing supply gap hit an estimated 4.03 million, an increase from 3.8 million in 2024, as new construction fell short again, according to Realtor.com. View the full article

The share of seriously underwater homeowners also grew in 45 states compared to a year ago, with the South Central region most affected, according to Attom. View the full article

The broad rise in the share of underwater loans across the country this winter came as borrower distress grew and home prices pulled back in some regions. View the full article

The economy added an unexpectedly robust 119,000 jobs in September, though unemployment edged up to 4.4%. The report, delayed by the federal government shutdown, continues a trend of sluggish job growth in recent months. View the full article

While Redfin argues the housing market is stuck and First American was cautious, Remax and Zillow had positive observations about the month's sales activity. View the full article

Authors in two separate Urban Institute papers warn how headcount reductions at the entities could negatively impact borrowers, taxpayers and the housing market. 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

The lender claims the ransomware gang behind a breach provided proof it deleted compromised customer information, and it hasn't appeared on the dark web since. View the full article

Union Home Mortgage claims eight of its managers and an LO transitioned to American Pacific Mortgage, breaching a number of agreements. View the full article

The size of typical bulk MSR deals trading has shrunk, according to panelists at the Mortgage Bankers Association's Secondary and Capital Markets Conference. View the full article

The personal consumption expenditures index showed headline inflation flat at 2.5%, but the details of the report explain the Federal Reserve's reluctance to adjust interest rates. View the full article

Rising defaults, fraud risks, and collapsing rents are converging in urban multifamily, threatening lenders and taxpayers, according to the Chairman of Whalen Global Advisors. View the full article

An appellate court denied the bank's argument targeting the state's Foreclosure Abuse Prevention Act and ordered it to pay the defendant's legal fees. View the full article

The lenders' examples of using generative artificial intelligence were more practical than transformational, but in any case data challenges represent a common problem. View the full article

Treasuries surged and investors boosted their bets on Federal Reserve interest-rate cuts Monday as fear of a economic slowdown took hold across US markets. View the full article

Inflation-adjusted gross domestic product increased an annualized 2.3% in the fourth quarter after rising 3.1% in the prior three-month period, according to the government's initial estimate published Thursday. View the full article

Contract closings increased 1.5% to an annual rate of 4.06 million in September, the highest in seven months, according to National Association of Realtors figures released Thursday. View the full article