Scaling from Freelancer to Business Owner

As the government shutdown stalls key housing programs, lenders are shifting tactics to keep loans moving and preparing for bigger challenges ahead. View the full article

A group of homeowners filed a class action lawsuit against the largest homebuilding company in the United States, seeking all money lost. View the full article

The ongoing government shutdown prevented the Bureau of Labor Statistics from releasing its September jobs report Friday, but job growth appears to be softening. The lack of reliable government data comes as the Federal Reserve mulls further interest rate cuts. View the full article

The loan boarding dataset aims to identify potential problems early during the transaction's setup to avoid slowdowns after origination is completed. View the full article

Federal Reserve Gov. Stephen Miran sidestepped whether policy setting pressure from the administration is a welcomed development, but reiterated that he wants to avoid succumbing to "groupthink." View the full article

House Financial Services Committee ranking member Maxine Waters, D-Calif., asked bank regulators to give banks the supervisory clearance to extend lines of credit and modify loan terms for federal employees furloughed after the government shut down last week. View the full article

The minority homebuilder share of the industry more than doubled after 2007 but lags when compared to the total non-white U.S. population, according to NAHB. View the full article

Some lenders have a workaround for the Federal Housing Administration's suspension of reverse mortgage endorsements but fewer options exist in other instances. View the full article

A series of social media posts, from the US president over the weekend and then from the FHFA director and real estate scion Pulte on Wednesday, are helping put an S&P gauge of builders on track for a four-day losing streak. View the full article

The new platform already counts two lenders as embedded partners, with the rollout coming as mortgage leaders see rising demand coming for DSCR loans. View the full article

Components of the index all rose, including the highest reading for sales expectations in the next six months since the start of the year. View the full article

Renters who pay on time deserve credit toward homeownership, and new data tools can make that possible, according to the owner of Burkentine Real Estate Group. View the full article

Overall, new 60-day-plus delinquencies totaled $2 billion, up from $1.69 billion in August, while maturity defaults accounted for half, or 51% ($1.05 billion) of new delinquencies. View the full article

A judge agreed to expand her temporary restraining order to add more federal worker unions after their lawyers said there's an "urgent" need to prevent layoffs. View the full article

The state court seemed open to a narrower view of the legal applicability to loans predating the statute than of broad constitutional challenges to it. View the full article

Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans. View the full article

Stenger joins the Chicago-based lender after more than a decade at Movement Mortgage and will oversee its retail platform, including new tech enhancements. View the full article

Top industry minds emphasized they're still bullish on the technology and said humans will still provide irreplaceable traits like empathy and trust. View the full article

Decreased homeowner equity corresponds to recent declining prices reported by leading housing researchers, but tappable amounts still sit near record highs. View the full article

The industry analyst also described the significant refinance opportunity should rates decline slightly, and the threshold where home prices soften or firm up. View the full article

Mortgage loan application volume jumped 7.1% on a seasonally-adjusted basis last week, the Mortgage Bankers Association said. View the full article

The Consumer Financial Protection Bureau ended a consent order earlier than expected against the credit bureau TransUnion, saying the company already paid a $5 million fine and $3 million to consumers. View the full article

The lender, which crossed the $1 billion origination mark for the second consecutive quarter, is bullish on several new mortgage partnerships. View the full article

The bank is adding trusted contacts, specialized teams and new tech against scams, but consumer advocates say reimbursement is the key missing piece. View the full article