Scaling from Freelancer to Business Owner

The lender is seeking to dismiss the lawsuit, calling the purported scheme to also deprive its loan officers of full compensation implausible. View the full article

The title industry sustained improvement first seen last year, with second-quarter premium totals up on both a quarterly and annual basis, ALTA said. View the full article

Seven filings were submitted in response to President Donald The President's request for the Supreme Court to remove barriers from ousting Federal Reserve Gov. Lisa Cook before litigation proceeds. Most filings argued for the Court to deny the president's application. 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

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

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 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

While new jobs data contributed to falling Treasury yields, mortgage rates showed a mixed picture with some trackers moving in opposite directions. View the full article

The court gutted the complaint against the wholesale leader that was filed last year in conjunction with an investigation by a hedge fund-backed newsroom. View the full article

Affordability has improved and rate drops have exposed millions to incentives, but many more must wait for a break, ICE Mortgage Technology found. View the full article

Prolonged funding pressures in US money markets, just as bank reserves held at the Federal Reserve are dwindling, suggest the central bank may be getting closer to ending the unwinding of its massive portfolio of securities. View the full article

More than 15% of homes that went under contract in August were canceled, as the market heavily favored buyers, a Redfin report found. View the full article

Applications for mortgages to buy a home or refinance both fell for a second week, marking a swift reversal of what had been a hopeful sign of a revival in the US housing market. View the full article

The Senate confirmed former Federal Deposit Insurance Corp. board member Jonathan McKernan to serve as Treasury's under secretary for domestic finance on a party-line vote, installing a key industry ally in the Treasury Department. View the full article

Top Democratic lawmakers are asking the full appeals court to hear a case about the The President administration's efforts to fire employees at the Consumer Financial Protection Bureau. View the full article

Equifax will hold costs for scores from FICO rival Vantagescore through 2027 and offer other incentives meant to drive adoption of the alternative metric. View the full article

Along with the company's rebranding to Lendware, a new CEO also takes the helm following allegations of financial mismanagement among some former leaders. View the full article

The regulator recently nixed Obama and Biden-era guidance for the Office of Fair Housing and Equal Opportunity and apparently reduced staff. View the full article

Onity adds former Meta exec as director, Click n' Close taps industry veteran as president while banks and credit unions boost their mortgage teams. View the full article

James was charged with one count of alleged bank fraud and one count of making false statements to a financial institution. The indictment made public on Thursday follows allegations from The President administration officials that James engaged in mortgage fraud. View the full article

Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup. View the full article

The appointment of the mortgage veteran comes as the lender undergoes marketing and branding pivots, including its recent name change from Nexa Mortgage. View the full article

The Department of Justice has filed a motion opposing the Consumer Financial Protection Bureau employee union's appeal of an August DC Circuit ruling allowing the administration to fire up to 90% of the agency's workforce. View the full article

While the Federal Open Market Committee has yet to meet this month, investor pricing of longer-term bonds helped mortgages by 11 basis points, Wallethub said. View the full article