Contracts, Invoices & Legal

Lenders at the MBA conference say non-agency is more than just non-QM — and those still treating it as a niche product are falling behind as it becomes a core part of the business. View the full article

The pace of contract signings surged at its fastest in three years in a break from the more stagnant conditions of past home buying seasons, Realtor.com said. View the full article

VantageScore 4.0 has been incorporated into the existing processes at Rocket for both the retail and mortgage broker-facing origination businesses. View the full article

The Senate voted 54-45 to confirm Kevin Warsh to lead the central bank. Warsh will take the reins from Jerome Powell, who said he will remain on the Federal Reserve Board. View the full article

Secondary market experts are split on whether the Fed's next move will be a rate decrease in 2027 or an increase, as more observers are now thinking. View the full article

Providence, Rhode Island, headed Zillow's hottest rental markets list, beating out New York and San Francisco, the company announced Monday. View the full article

Eligible buyers and sellers can save up to $20,000 on their next home when they transact with a Redfin agent and finance with Rocket Mortgage. View the full article

Economic uncertainty and higher rates in April contributed to the first decline in applications for new homes on an annual basis since October. View the full article

The share of sellers dropping their asking price fell in April as buyer demand picked up, though Sun Belt markets — especially in Texas — still saw widespread price cuts. View the full article

The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures. View the full article

Starts of single-family homes declined 9%, the most since August, according to government figures released Thursday. View the full article

The Mortgage Bankers Association now predicts a Federal Reserve rate hike to arrive in 2027, as housing price growth also slows over the next two years. View the full article

All of the Las Vegas-based company's channels, including Alterra Home Loans and Travisa Financial, will go by SimplyPMG, it announced Monday. View the full article

Executives from Guild and NewRez discussed the steps they are taking as participants in the pilot phase of the roll out of VantageScore 4.0 and FICO 10T. View the full article

The delay preserves a lifeline for competing bidder United Wholesale Mortgage, which previously reached an agreement to acquire the servicer last year. View the full article

Artificial intelligence's ability to uncover and analyze granular data across large volumes of files may result in AI agents executing trades themselves, mortgage leaders said. View the full article

Federal Reserve Gov. Michael Barr Thursday warned against efforts to shrink the central bank's balance sheet, saying that effort could undermine financial stability and disrupt money markets. View the full article

Standard & Poor's found modeled foreclosure frequency and loss coverage to be in similar ranges as classic FICO but showed concern about potential bias. View the full article

Inflation and a possible Fed move impacting rates are concerns that product innovation and housing policy can help with, leaders said at an industry meeting. View the full article

When a company adds a new mortgage from an investor or pilots a new concept, how well it goes depends on margins and liquidity as well as loan officers. View the full article

In a settlement agreement last year, the bank will assist low- and-moderate income borrowers residing in, or buying homes in such Census tracts. View the full article

Home prices rose 0.7% annually in March, down from a 0.8% increase in the previous month, according to the S&P Cotality Case-Shiller home price index. View the full article

Certain private-label securities may get a lower risk weighting for bank capital and separately, second liens have new uniform guidelines for TRID. View the full article

Current CEO Rick Thornberry is retiring as Radian shifts to a multi-line business, with former Mr. Cooper President Mike Weinbach taking over on Aug. 13. 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