Scaling from Freelancer to Business Owner

The Troy, Michigan-based lender and servicer faces at least seven lawsuits over a hack in June allegedly perpetrated by a known ransomware gang. View the full article

The contract rate on a 30-year mortgage dropped 8 basis points to 6.32% in the week ended Nov. 28, which included the Thanksgiving holiday, according to Mortgage Bankers Association data released Wednesday. View the full article

Private-sector payrolls decreased by 32,000, according to ADP Research data released Wednesday. Payrolls have now fallen four times in the last six months. View the full article

The wholesale lender fell victim to a data incursion two years ago in a months-long period marked by several high-profile cybersecurity incidents. View the full article

Big players, Wall Street and tech firms stand to gain. Community lenders call for policymakers to protect g-fee parity and the cash window. Part 5 in a series. View the full article

Bank statement loans, a home equity credit card and a blockchain investment product are among the new offerings designed to reach an $11 trillion market. View the full article

The Consumer Financial Protection Bureau's Acting Director Russell Vought has an obligation to request funding for the agency, five former Federal Reserve officials said. Plus, three nonprofits sue Vought and the CFPB. View the full article

Hildene, which partners with Crosscountry Mortgage for non-QM securitizations, is doing this deal as part of its buy of an annuity provider, SILAC. View the full article

The provider of actuarial-related services is bringing a company that provides mortgage servicing rights analytics and risk management into the fold. View the full article

Forty percent of Americans planning to buy or sell a home in 2026 worry about a potential market crash, according to a new report from Clever Offers. View the full article

A federal court cannot modify a preliminary injunction to compel the acting director of the Consumer Financial Protection Bureau to request funding for the agency, the Department of Justice said. View the full article

A senior advisor at NAIC, the association of state insurance regulators, told attendees of its fall meeting that the imminent FEMA Review Council report should answer questions about funding for disaster relief and flood insurance, as well as other related issues. View the full article

Wells Fargo, JPMorgan Chase, U.S. Bancorp and Citigroup will streamline borrower requests for an additional 90-day forbearance, allowing verbal applications. View the full article

A Community Home Lenders of America adds arguments against use of single bureau while another paper takes the position that the idea merits further study. View the full article

Treasuries sold off sharply after reports Danish pension funds are exiting, steepening the yield curve as stocks fell and gold surged, according to the CEO of IF Securities. View the full article

Treasury yield breakouts signal technical damage, with higher yields likely before any recovery despite choppy markets, according to the CEO of IF Securities. View the full article

A mortgage insurance premium deduction in Maine would come after the reintroduction of a similar federal policy, which took effect with the 2026 tax year. View the full article

Treasury yields are stuck, but gold and the dollar are flashing unusual signals that could push rates after the FOMC, according to the CEO of IF Securities. View the full article

Mortgage subsidiary Newrez expects to begin moving borrowers onto the platform by 2027, with the deal marking its second major tech investment this year. View the full article

Newrez is leaning into technology investments to shore up borrower recapture and future originations after fair-value losses in its mortgage-servicing rights pushed the lender to a fourth-quarter loss, underscoring how quickly market volatility can upend mortgage earnings. View the full article

After four years, the senior note classes will either pay a 100 basis-point increase to the fixed coupon or the net weighted average coupon (WAC) rate, whichever is lower. View the full article

The multimillion-dollar acquisition boosts PennyMac Financial Services' total portfolio above $1 trillion and adds to a wave of industry consolidation. View the full article

Home prices edged up nationwide, but gains were modest and uneven. Major indexes agree on direction, differ on size, as 2025 posted weak growth. View the full article