Scaling from Freelancer to Business Owner

A North Carolina homeowner says the large servicer's $6.75 fee for borrowers to make mortgage payments with a debit card violates a state debt collection law. 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

A recent Remax survey found 88% of respondents said they are "very" or "somewhat likely" to purchase a home next year. View the full article

In oral arguments held Monday morning, a majority of Supreme Court justices seemed poised to overrule a 90-year-old precedent validating multimember independent commissions, but it remains uncertain what limits — if any — the court may impose on the president's removal powers. View the full article

The all-stock acquisition of Mountain Commerce Bancorp in Knoxville marks the Arkansas-based company's first M&A foray since 2022. View the full article

Refinance retention hit 28% last quarter, the highest percentage in three and a half years, according to ICE Mortgage Technology. View the full article

The National Defense Authorization Act will be voted on by the House without the housing package that passed through the Senate Banking Committee unanimously. 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

The bond market isn't buying President Donald The President's idea that faster rate cuts will send bond yields sliding down and, in turn, slash the rates on mortgages, credit cards and other types of loans. View the full article

Federal Reserve watchers expect a board of governors vote in February to reappoint the 12 regional Fed bank presidents — which is typically treated as a formality — to be the next flashpoint in the White House's effort to bring the central bank to heel. View the full article

The class action suit doubles down on accusations that the homebuilder and its lending arm are deceiving borrowers about their monthly mortgage payments. View the full article

BTIG is waiting with "baited breath" for Fannie Mae and Freddie Mac to relist their common stocks, but if spreads widen, it could derail it from happening. View the full article

Manufactured housing could see eased lending rules if the defense bill removes the "permanent chassis" requirement, expanding FHA mortgage eligibility. View the full article

US consumer spending stalled in September, suggesting Americans were already stretched going into the government shutdown in the face of stubborn inflation. View the full article

Federal Housing Finance Agency Director Bill Pulte should be called to testify before lawmakers no later than the end of January, the Democratic members of the Senate Banking Committee wrote in a letter Friday to Republican Chairman Tim Scott. View the full article

Delinquency trends split in Q3, with securitized and agency loans showing more strain while banks and life companies saw small improvements amid uneven vacancy and rent conditions. View the full article

Bank of America was the leader in this study, with Rocket as the only nonbank mortgage lender which got a score higher than the industry average. View the full article

But just three of the 150 most populous ZIP codes have a mortgage debt-to-income ratio below the conforming threshold of 28%, Movingplace found. View the full article

Gallego introduced legislation to amend the EB-5 immigrant investor visa program in order to funnel more money into the construction and rehabilitation of homes. View the full article

Of the 50 highest risk markets in the country, 16 reside in California, followed by New Jersey with nine, Attom found. View the full article

The drop in mortgage rates as measured by Freddie Mac, came about even as the 10-year Treasury yield used to price loans moved higher since Thanksgiving. View the full article

The Government Accountability Office has agreed to investigate Federal Housing Finance Agency Director Bill Pulte for allegations of misuse of power and violations of federal privacy laws 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 The President administration's decision not to seek funding for the CFPB and transferring remaining enforcement cases to the Department of Justice were cited as reasons for the resignation of Michael G. Salemi, who took over as CFPB enforcement chief earlier this year. View the full article

New York developers are transforming struggling office buildings into more than 12,000 new apartments in a bid to help offset the city's worst housing crisis in decades. View the full article