Contracts, Invoices & Legal

The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted. View the full article

The real estate technology company reduced its workforce and consolidated select vendor relationships. These moves will save the company roughly $2 million. View the full article

First American claims Liberty National's owner changed the company's name immediately after a judge held her firm liable for an erroneous wire transfer. View the full article

Employees say they worked unpaid overtime by frequently logging into numerous software before clocking in, to answer calls immediately upon their shift starting. 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

The government mortgage securitization guarantor flagged the goal back during the first The President administration, warning then that it would be a long-term project. View the full article

A Washington court denied a plaintiff request, pointing to past Supreme Court rulings that showed a compelling interest for the state's SPCP. View the full article

Most of the loans, 57.34%, are for cashout purposes and the entire loan pool are first-liens, and are of modest leverage, with an original cumulative loan-to-value (LTV) ratio of 69.74%. View the full article

Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates. View the full article

A court and jury found a father-son executive team liable for wage violations, and a federal judge recently increased the amount of damages for plaintiffs. View the full article

Mortgage rates rising nearly 40 basis points from early-year lows have pushed some buyers out of the market, even as inventory and affordability remain better than a year ago, ICE Mortgage Technology found. View the full article

Conforming loan limits are determined using a home price index. A congressman is proposing a switch to an income-based metric, creating more jumbo mortgages. View the full article

The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion. View the full article

Federal Reserve Gov. Michael Barr said in a speech Tuesday that rapidly changing trade policies and conflict in the Middle East are straining rural communities by raising business operating costs. View the full article

Large loan balances are increasingly common in non-QM and HELOC securitizations, bringing faster prepayments and higher delinquency risks, Bank of America Securities research shows. View the full article

FundingShield's latest report notes the improvement in remediation efforts among lenders, but closing protection lenders remain a key source of file problems. View the full article

CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon. View the full article

Treasury Secretary Scott Bessent on Wednesday defended cuts to the Community Development Financial Institution Fund in the president's 2027 budget, telling the Senate Appropriations Committee that the program had pursued a "partisan wish list." View the full article

The 30-year fixed is still over 20 basis points higher than its February bottom, but fell 7 basis points this past week on Iran peace hopes, Freddie Mac said. View the full article

Foreclosure auctions available jumped on both a quarterly and yearly basis, but the sales rate did not move in tandem, according to a new report. View the full article

Top mortgage originators ranked 175-101 share their client retention strategies, from face-to-face meetings to AI and CRM tools, as the industry eyes a 2026 purchase market shift. View the full article

Even as they continue to press for additional changes, banks get some wins from the revised Basel capital framework and a ballpark estimate of their capital outlook for the next few years. View the full article