Scaling from Freelancer to Business Owner

The first government shutdown since 2019 will slow flood insurance originations and new Small Business Administration loans, though self-funded banking regulators will continue operating as usual. View the full article

The Supreme Court said Wednesday that it would defer President Donald The President's request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then. View the full article

The shutdown started with a flight into treasury bonds, putting downward pressure on financing costs, but several other developments slowed mortgage activity. View the full article

Former Mr. Cooper CEO Jay Bray will become Rocket Mortgage's president and CEO as the $14.2 billion transaction closes in just six months after announcement. View the full article

The contract rate on a 30-year mortgage climbed 12 basis points to 6.46% in the week ended Sept. 26, according to Mortgage Bankers Association data released Wednesday. View the full article

Fidelity National Financial, with support from the American Land Title Association, is suing to halt enforcement of the anti-money laundering regulation. View the full article

The massive wholesale lender's new website stands opposite rival United Wholesale Mortgage's own originator portal which it launched in 2018. View the full article

Different markets for home equity products emerge, plus technology changes make it easier and quicker for traditional offerings to reach consumers. View the full article

The average starter home was sold for more than $206,000 in August, yet sales increased by nearly 4% from last year, according to a Redfin report. View the full article

In a complaint filed in Virginia federal court, the FTC said the partnership would reduce the number of websites offering apartment listings, leaving consumers with fewer places to search. View the full article

The FHA extended the mandatory implementation date for the waterfall but there are still some things changing on Oct. 1, when the government could shut down. View the full article

A South Carolina resident said she received multiple calls from Freedom loan officers this summer despite registering her number on the do-not-call-registry. View the full article

The retail giant, in asking a court to dismiss the case, said its deal with a North Carolina brokerage was within the law's carve-out for such agreements. View the full article

A gauge of present conditions fell 7 points to the lowest level in a year, while a measure of expectations for the next six months also dropped in September. View the full article

Federal Reserve Vice Chair Philip Jefferson said despite the near term cloudiness to economic projections, he does expect inflation to resume its downward trajectory next year and reach the Fed's 2% inflation target in the coming years. View the full article

The Consumer Financial Protection Bureau's union is appealing an appellate panel's ruling that allows acting CFPB Director Russell Vought to fire 90% of the bureau's staff. View the full article

A memo sent to 175,000 employees gives them 60 days to complete the training. View the full article

Legal experts say the outcome of Slaughter v. The President, which considers The President's termination of a Federal Trade Commission member, could have profound implications for Federal Reserve Governor Lisa Cook's litigation, which in turn could determine the future autonomy of the central bank. View the full article

A potential government shutdown could create unprecedented risks for housing, delaying data releases, and affecting markets more than past shutdowns. View the full article

Since the end of July, UWM's common stock price gained 55%, but an improved mortgage origination outlook was already accounted for, said Jeffrey Adelson. View the full article

Nearly 20% of homeowners had a mortgage rate of at least 6% in the second quarter of this year, signaling Americans are warming up to higher rates, Redfin said. View the full article

Class action lawsuits accuse the lender and servicer of negligence over the incident which compromised the sensitive data of tens of thousands of customers. View the full article

Connecticut banking officials cited a series of alleged violations, including false and misleading statements and failure to maintain complete loan files. View the full article

FICO's claims about its 10T score highlight how its monopoly has stifled innovation and raised costs for homebuyers, according to the CHLA's Rob Zimmer. View the full article