Contracts, Invoices & Legal

The Ohio-based lender is accusing Atlantic Coast Mortgage of stealing customers, while a Chicago bank is accusing Lower of raiding a Maryland branch. View the full article

The national delinquency rate ticked up seven basis points to 3.72% last month, coupled with a 10-basis-point increase in prepayment speed, according to ICE. View the full article

Stakeholders rely on detailed, easy-to-read reports. From including cited data to using a structured format, learn how to simplify the lending reports process. View the full article

An appellate court reversed part of an $8.5 million award for attorneys who secured a $38.5 settlement against the lender in 2023 in a False Claims Act case. View the full article

The addition of HELOCs at SoFi comes alongside the launch of a new advisory group, as the company heightens its focus on real estate lending. View the full article

Using a non-GAAP measurement, the real estate investment trust, preparing to be bought by CrossCountry, reported a $25 million loss for the first quarter. View the full article

Mordor Intelligence expects the manufactured homes market size to expand from $28.5 billion in 2025 to $30.5 billion this year, its latest report found. View the full article

The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.

The latest offer, 70 cents per share higher than previously agreed to, equals the cash proposal made by UWM Holdings to win over Two Harbors' shareholders. View the full article

The Federal Reserve's April financial stability report found that asset valuations remain elevated, even as investors are beginning to demand more compensation for risk amid rising uncertainty around monetary policy. View the full article

The Consumer Price Index for April showed consumer prices rising across all categories, including food and shelter costs, and up 3.8% year-over-year. Grocery prices rose 0.7% from the month prior. View the full article

Although posting lower volume than in the fourth quarter, all six active underwriters remained profitable, even with borrowers facing economic turbulence. View the full article

The deal also includes a 120-day stop advance provision, which prevents it from forwarding any interest and principal on loans that are past 120 days delinquent. View the full article

The retail giant, in asking a court to dismiss the case, said its deal with a North Carolina brokerage was within the law's carve-out for such agreements. View the full article

More than 15% of homes that went under contract in August were canceled, as the market heavily favored buyers, a Redfin report found. View the full article

President The President wants the two government-sponsored loan buyers to help speed lower-cost home creation and their oversight agency's director is following up. View the full article

Retroactive interpretations have bedeviled mortgage servicers and the market for older loans. The industry will be watching other cases in New York closely now. View the full article

The megalender is accusing a nearby brokerage of skirting labor laws and avoiding significant overhead costs in misclassifying hundreds of employees. View the full article

The 30-year rate dropped just 0.2 percentage points, as Federal Reserve Chair Jerome Powell's recent comments caused Treasury yields to rise. View the full article

Mortgage credit availability increased 2.3% to 106.8 last month, marking the fourth consecutive month of growth. View the full article

Federal Reserve Governor Stephen Miran said emerging stresses in housing and private credit markets warrant a reduction to short-term interest rates. While preferring a 50 basis point cut in December, Miran said he would settle for a 25 basis point reduction. View the full article

The Justice Department subpoenaed a key witness in the case, questioning the conduct of Bill Pulte and Ed Martin. View the full article

But just three of the 150 most populous ZIP codes have a mortgage debt-to-income ratio below the conforming threshold of 28%, Movingplace found. View the full article