Contracts, Invoices & Legal

Sales of previously owned US homes barely rose in April from a nine-month low, underscoring a sluggish housing market at the start of the spring-selling season. View the full article

Two other nonbank mortgage firms also recently got in position to raise capital while NVR, a builder and lender, added new authorization for share repurchases. 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

Core CPI came in above forecasts and Treasury yields surged, while copper's record-high prices add to inflation concerns, the head of correspondent business development at AD Mortgage writes. View the full article

The Mortgage Bankers Association's Mortgage Credit Availability Index declined 0.4% to 107.9 in April after reaching a three-year high in March. View the full article

More homes nationwide went under contract in April compared to last spring, while inventory growth, while cooler, is returning to average historical levels. View the full article

While not looking to take on UWM and Rocket, GO Mortgage CEO Jay Promisco said mortgage brokers want and need more options for their production. View the full article

"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said. 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. View the full article

The pickup in sales suggests a gradual improvement in affordability since the middle of last year is slowly generating more demand. View the full article

The Treasury anticipates keeping nominal note and bond sale sizes unchanged "for at least the next several quarters," the department said in a quarterly statement on debt policy Wednesday. 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

The Treasury Department held a high-stakes huddle with state insurance officials to discuss risks associated with the rapid growth of private credit in the economy and whether those investments could pose systemic vulnerabilities. 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

Regulatory proposals are boosting interest for banks to grow in mortgage, but sustainability demands deliberate, rather than reactive, strategy, experts say. 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

Rate-and-term refinances dropped sharply in the short run but the overall number's comparison to a year ago is a different story, according to Optimal Blue. View the full article

The blockchain-backed loan marketplace said it sees interest for purchase mortgages coming from existing partners after it reported a profitable start to 2026. View the full article

The 90-day-plus delinquency rate on student loans hit 10.3% in the first quarter, and New York Fed researchers warn that a second wave of defaults could be coming. Evidence is mixed regarding the likely impact on other consumer-lending segments. View the full article

Builders Capital Exchange has a $2 billion multi-year annual funding commitment, while RCLCO Fund Advisors creates joint venture which will acquire communities. View the full article

Clear Capital acquires Restb.ai, ProxyPics becomes a verified provider of the Uniform Property Data Report plus more appraisal industry updates. View the full article

Foreclosure filings were reported on 42,430 properties in the United States last month, down 8% from the month prior but up 18% from a year ago. View the full article

Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry. View the full article

The announcement comes following an Institutional Shareholder Services report which urges shareholders to vote no on the CrossCountry Mortgage transaction. View the full article