Scaling from Freelancer to Business Owner

Fannie Mae set aside $752 million for credit losses in its apartment complex lending business in part because of fraud or suspected fraud, denting profits amid an industrywide scrutiny of borrowers. View the full article

Recruiting veterans urge originators to track their future employer's pricing for a longer period of time, and to seek more details about the firm's culture. 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

The Consumer Financial Protection Bureau has rehired more than 100 fire employees, but the union claims dozens of employees have not been reinstated in violation of a federal court order. View the full article

Effective March 18, the department is retracting eligibility for non-citizens, it announced. View the full article

Starting April 22, mortgage brokers will be able to access Rocket Pro's loan pricing, interest rates and product eligibility, the company announced. 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

Some members of the Senate, where the GOP majority is thinner, also are asking the Federal Housing Finance Agency to reveal more about planned mortgage reforms. View the full article

The notes will get credit enhancement from balances on the subordinate bonds, which are permitted to amortize. View the full article

Mortgage originators are still struggling with profitability, and getting their income and costs to pencil out could mean the company's survival. View the full article

Federal Reserve officials want to see how exactly new trade policies impact the U.S. economy before adjusting interest rates. Markets and monetarists have different ideas about what that might look like. 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

Leaders of the government mortgage programs suggest they're back to business as usual following the The President administration's initial disruption. 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

The Senate Banking Committee considered the nomination of Paul Atkins to lead the Securities and Exchange Commission, whose track record on deregulation in the lead up to the 2008 financial crisis was questioned by Democratic lawmakers. Lawmakers also considered the nomination of Jonathan Gould to lead the Office of the Comptroller of the Currency and Luke Pettit for a key bank regulatory role at Treasury. 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

New residential construction increased 11.2% to an annualized rate of 1.5 million in February, according to government data released Tuesday. View the full article

Bill Pulte, making the announcement as chairman of Fannie Mae, did not provide additional details following earlier rumors of larger layoffs. View the full article

The top five banks had a combined second-lien loan volume of more than $95 billion at the end of December 2024. View the full article

The former underwriter, who worked for the Georgia lender from 2023 to 2024, claims she worked more than 60 hours a week on average and was not fairly compensated. View the full article

The statement posted on social media platform X could reflect policy, politics or both. Clarification was not immediately available at deadline. View the full article

ICE Mortgage Technology announced additions for its Encompass LOS, while Mortgage Cadence is bringing out a new version of MCP aimed at mid-sized depositories. View the full article

Banks ceded their market share of home finance following the Great Recession. Will the current regulatory environment make them more involved players? View the full article

The Federal Housing Finance Agency found the practice aimed at selling more real-estate owned homes to occupants had downsides, according to a recent order. View the full article