Scaling from Freelancer to Business Owner

The deal is composed of 11,547 seasoned performing and reperforming loans that are first and second lien. Loan servicing includes a 180-day chargeoff feature. View the full article

Pacific Residential Mortgage discovered the ransomware incident just weeks after the successful completion of its merger with an Ohio-based lender. View the full article

Baby boomers made up the largest share of home purchasers in 2024, as the percentage of millennial buyers declined, the National Association of Realtors found. View the full article

The average American must earn almost $117,000 a year in order to afford a median priced property as prices keep rising, a Bankrate analysis found. View the full article

A Colorado regulator earlier this year revoked the license of the appraiser responsible for the 2021 evaluation at the center of the government's suit. View the full article

Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January's wildfires. High on the list is inadequate insurance, a common problem in California. View the full article

An Internal Revenue Service division that helps authorize the release of tax transcripts used in lending through form 4506-C is tied to core functions. View the full article

Purchase applications reached their highest level since January despite the average 30-year fixed rate falling by just 1 basis point last week. View the full article

In all, 42% of sales in the borough were financed, a larger share than in many recent quarters in the cash-heavy Manhattan market. View the full article

The measure applies to mortgages closed in the months prior to the Southern California wildfires, which are now experiencing early-stage distress. View the full article

Publicly traded lenders, including UWM, Rocket Mortgage and Guild Mortgage, saw personnel expenses increase significantly throughout last year. View the full article

Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed. View the full article

The Dow Jones Industrial Average dropped over 2,200 on Friday, the second day of a sell-off due to tariffs, but that could be good for mortgage rates. View the full article

Even with 4,000 public sector cuts, total employment numbers were surprisingly high, which raises questions about whether financing costs will keep falling. View the full article

The megaservicer is fending off a class-action lawsuit while suing its insurers for allegedly failing to indemnify it following its breach in 2023. View the full article

The GOP side of the Banking Committee, led by Sen. Tim Scott, asks FHFA head Bill Pulte to "aggressively" reduce waste at the government-sponsored enterprises. View the full article

Duncan announced the launch of a new company in a social media post in early April after retiring from the government-sponsored enterprise at the end of 2024. View the full article

Republican lawmakers, mulling a new partial claim proposal, slammed the expiring program that has purchased thousands of mortgages as Biden-era overreach. View the full article

The FBI intervened in the incident, which a lawyer for the company's CEO said was a response to another man's actions. View the full article

The Department of Justice said in a court filing Friday that a February stop-work order from acting Consumer Financial Protection Bureau director Russell Vought did not entail stopping statutorily-mandated work by the bureau, defying earlier testimony. View the full article

Republican Senator Josh Hawley sent a letter urging the Justice Department to investigate FICO's price increases, which he said have "been borne by borrowers, especially lower-income borrowers." View the full article