Scaling from Freelancer to Business Owner

Mortgage brokers say hurdles more pressing than a high interest rate environment range from nationwide inventory shortages to property tax increases. View the full article

The run-up in prices since the pandemic, and mortgage rates hovering near 7%, have squeezed affordability for house hunters, pushing many to the sidelines. View the full article

The reverse mortgage division reported a loss due to hedging costs but on a net basis the company proved profitable ahead of peak market disruption in April. View the full article

Over 100,000 loans for first-time home buyers have been pooled and securitized in issuances this year, the guarantor of government-backed loans said. View the full article

The closely watched case centers on bank allegations the government corporation promised certain reverse-mortgage assets in return for funding then reneged. View the full article

Sen. Dick Durbin, the Senate's No. 2 Democrat, announced he will not seek reelection in 2026, concluding more than four decades in Congress. The Illinois lawmaker leaves behind a notable imprint on U.S. financial policy, particularly regarding swipe fees. View the full article

Pricing on the 30-year fixed rate mortgage retreated this week as investors digested some economic news, including a GDP contraction in the first quarter. View the full article

The Financial Technology Association will now defend the Consumer Financial Protection Bureau's open banking rule after the The President administration sided with banks that sued the agency. View the full article

Fitch says large nonbank lenders are positioned to gain share as they manage debt maturities and outlast smaller rivals hit harder by market volatility. View the full article

The Consumer Financial Protection Bureau under President The President plans to make changes to the rule governing consumer financial data rights despite rare bipartisan support for the regulation. View the full article

Advisers who work on acquisition deals emphasize the importance of being open and transparent with employees about potential changes and differences in a new workplace. View the full article

The The President administration has withdrawn from the Federal Register a proposed rule that sought to protect consumers from having their sensitive financial information sold. View the full article

The Mortgage Bankers Association's measure of refinancing dropped 7.1% to 634.1 in the week ended May 23. View the full article

The San Diego-based lender reported a net loss of $23.9 million for the January-March period, down from a net income of $97.9 million the quarter prior. View the full article

Federal Reserve Gov. Adriana Kugler said in a speech in Dublin that trade barriers could soon affect prices and slow down growth while increasing uncertainty in 2025. View the full article

A federal housing official pledged to take near-term action on credit score costs as two legislators have urged him not to allow fewer credit reports. View the full article

Their worries center on fears the new duties could impact their personal finances, according to a new survey from home-equity investment platform Point. View the full article

Regulators say the Mississippi-based depository satisfied the terms of the $5 million settlement it reached with Biden administration officials in 2021. View the full article

The company, which already offers services in 41 states, through the Summit Mortgage Training buy gets a foothold in New Jersey and Pennsylvania. View the full article

Numbers jumped after the expiration of a moratorium at the end of 2024, but rates of foreclosure rose across all loan types, the Mortgage Bankers Association said. View the full article

The transaction is the fourth of its type the company has done this year through the partnership it has had with Crosscountry Mortgage since late 2022. View the full article