Scaling from Freelancer to Business Owner

The Dallas bank turned down another offer because it thought it could get a higher price from Fifth Third, and also could ink an agreement faster, according to Comerica's latest regulatory filing. View the full article

The option for holders of older government-sponsored enterprise bonds that predated the move to uniform mortgage-backed securities now has a deadline. View the full article

Shareholders' equity topped $105 billion as net income rose 16% from the previous quarter and nearly matched year-ago results. View the full article

A majority of recent sellers said they offered to cover closing costs, with many also buying down mortgage rates, according to a new report from Zillow. View the full article

While FHFA reduced most of the single-family low-income goals, the MBA wants the refinance target for Fannie Mae and Freddie Mac cut as well, its letter said. View the full article

At its first investor day in a decade and a half, the nation's second-largest bank pegged its guidance for return on tangible common equity at a slightly higher level than what it reported last quarter. Not all investors were impressed. View the full article

The volume of home equity lines of credit expanded for the 14th consecutive quarter, driven largely by fintechs and other nonbanks that are accounting for more and more of the business. View the full article

The credit card will provide borrowers points for making their normal monthly mortgage loan payments and for the purchase of home products and services. View the full article

FICO's claims about its 10T score highlight how its monopoly has stifled innovation and raised costs for homebuyers, according to the CHLA's Rob Zimmer. View the full article

Washington Federal Bank and Planet Home Lending are both off the hook for the remainder of their consent orders, which the bureau quietly terminated. View the full article

While technology has become an important channel for information among homebuyers, many still see real estate agents as smarter than any other resource. View the full article

With the new option, unveiled Monday during OpenAI's annual developers event, a user can look up a three-bedroom home in a specific neighborhood on Zillow, without leaving the ChatGPT app. View the full article

The Consumer Financial Protection Bureau is rescinding two rules issued under former CFPB Director Rohit Chopra that required nonbanks to register court orders, plus terms and conditions of contracts. View the full article

Up to 75% of the class A2 notes pay a coupon based on the Secured Overnight Financing Rate (SOFR). Also, since the assets pay a fixed rate, interest rate spikes could eat away at excess spread. View the full article

The Consumer Financial Protection Bureau has seen a rapid drop in the effectiveness of its cybersecurity program, according to a new report from the Fed's Office of Inspector General. View the full article

A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the The President administration planned to gut the agency through mass firings. View the full article

The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters. View the full article

Legal experts say the Supreme Court's decision not to immediately rule on a request to remove Federal Reserve Gov. Lisa Cook from office suggests that, whatever the court's views on independent agencies may be, it views the central bank differently. View the full article

What makes the situation alarming is the government attack on the fair lending enforcement infrastructure, said Lisa Rice of the National Fair Housing Alliance. View the full article

The deal which brings hundreds of thousands of agents under one roof also combines retail lender Guaranteed Rate's separate joint ventures with each brokerage. View the full article

Continuing to retreat from Biden-era rules, the Consumer Financial Protection Bureau and Department of Justice withdrew a 2023 advisory opinion that had cautioned about denying credit to immigrants. View the full article