Scaling from Freelancer to Business Owner

The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency say they will move to rescind a 2023 reform to the Community Reinvestment Act, citing litigation concerns about the rule. View the full article

Large mortgage companies are targeting mergers and acquisitions as well as home equity lending in their 2025 business plans, Boston Consulting Group said. View the full article

With prices possibly rising over 4% through next year, respondents to a Fall 2024 survey said they would turn to their investment portfolios to fund the down and monthly payments. View the full article

Headlines over real estate sales policies, as well as economic upheaval, are having a negative impact on how insiders are seeing the market today. View the full article

A recent American Bankers Association survey showed improvement since 2022, but overall scores are still lower than in 2020 and gaps widened between providers. View the full article

Fairway promotes top producer to national leadership role, NMB adds industry veteran to head sales and operations and Finance of America grows C-suite. View the full article

It is quite likely March's drop in the Purchase Application Payment Index will be transitory as mortgage rates have increased since the start of April. View the full article

Top US banking regulators plan to withdraw an overhauled rule meant to tackle redlining and boost lending to lower-income areas after industry groups sued to block the updated legislation last year. View the full article

Company management touted its wins, including with total volume of $21 billion, the Redfin and Mr. Cooper purchases plus a record quarter for home equity. View the full article

The Senate Banking Committee sent the nomination of Michelle Bowman to the full Senate in a party-line 13-11 vote. View the full article

Self-directed IRAs and non-recourse loans open doors to real estate investing without the restrictions of traditional financing. View the full article

The Sunshine State deal comes following a banner year for credit union-bank combinations, despite pushback from community banking advocates. View the full article

Federal Reserve Chair Jerome Powell warned that actions that undermine the apparent stability of the U.S. economy could have lasting effects on its status as a global safe haven. 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 company has not traditionally had a large presence in housing finance, but plans for government-related credit modernization have given it a boost. View the full article

Sean Grzebin discusses his plans to leverage JPMorgan Chase's massive consumer audience to pick up mortgage market share. View the full article

There still is potential for the Supreme Court to review nuances of its landmark Tyler v. Hennepin County decision as other lawsuits raise questions about it. View the full article

The Federal Home Loan Bank of Atlanta exceeded its funding commitment by nearly $1 million, while its Dallas counterpart gave out $2 million in 2024. View the full article

Approximately 9% of current homeowners experience a labor market event that results in a negative credit shock, limiting access to their equity, Point said. View the full article

The Federal Housing Finance Agency ended comments on expanded suspended counterparties list criteria in December and has done nothing with it since. View the full article

A bill being introduced by Sen. Catherine Cortez Masto, D-Nev., would compel the Federal Home Loan Bank system to contribute 30%, or a minimum of $200 million, of each bank's net earnings into affordable housing or other community development programs. View the full article

The move comes three months after Katie Sweeney, former BAC CEO, announced she would be stepping into an executive advocacy role for Rocket's Pro channel. View the full article

The challenger bank exceeded analysts' expectations in income, revenue and earnings per share. View the full article