Scaling from Freelancer to Business Owner

The new president, a 35-year industry veteran, explains the value every lender, vendor and regulator can get by participating in the standards organization. View the full article

Financial literacy advocate John Hope Bryant has joined with a Los Angeles-based developer in an effort to raise up to $300 million from banks to preserve and construct low-income housing around the country. View the full article

The Consumer Financial Protection Bureau has seen a rapid drop in the effectiveness of its cybersecurity program, according to a new report from the Fed's Office of Inspector General. View the full article

A new look is coming to the National Mortgage News homepage, writes Editor-in-Chief Heidi Patalano View the full article

Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules. View the full article

Newer automation that can serve as a wraparound to existing technology can cut servicing costs in a competitive industry, according to fintech executives. View the full article

Home price modeling changes hurt FOA's third-quarter interim results but it was in the black between January and September on a continuing operations basis. View the full article

In its so-called quarterly refunding statement Wednesday, the Treasury department said it anticipated keeping auction sizes unchanged for nominal notes, bonds and floating-rate notes, "for at least the next several quarters." View the full article

The lender reported $33.3 million in net income in the third quarter this year, up from the second quarter and same period a year earlier. View the full article

The 30-year fixed-rate mortgage rose five basis points from last week to 6.22%, while the 15-year rate increased nine basis points to 5.50% View the full article

Michael Barr said he believes artificial intelligence will have a positive long-term impact on the economy, though it may cause job losses in the short term. View the full article

The average price of a single-family home increased 1.7% from last year to $426,800 in the third quarter. View the full article

All five publicly traded title insurance companies reported a year-over-year increase in earnings during the third quarter, but only two had higher orders. View the full article

More profitable companies are weighing deals because they're bullish on their leverage or are simply eying today's big price tags, the expert said. View the full article

The wholesale giant hasn't endured setbacks in litigation against five brokerages it's accused of selling loans to rivals Rocket Cos. and Fairway Independent Mortgage. View the full article

While the program is still going strong in spite of the shutdown, many misconceptions about its rules, even in normal times, are holding back use. View the full article

The Department of Justice told a court that the bureau cannot legally request funding from the Federal Reserve System, arguing that the Fed has not turned a profit since 2022 and thus cannot fund the CFPB. View the full article

Rate-and-term refinances dropped 14% month over month in October, but were still up 143% from last year. View the full article

A 50-year mortgage on a median-priced US home could reduce borrower's monthly repayment, but also double the amount of interest the owner pays over the life of the loan, according to UBS Group AG analysts. View the full article

Third-quarter mortgage earnings revealed swings in profitability, but the real story, according to the Chairman of Whalen Global Advisors, is that hedging MSRs is unnecessary for well-managed lenders. View the full article

Besides adding 60 days to the partial claim deadline in some cases, the bill also has provisions for buyer agent payments for Veterans Affairs borrowers. View the full article

The government shutdown added an additional dose of pessimism about the U.S. economy to panelists' outlooks, Wolters Kluwer said in its latest survey. View the full article

The hidden costs of homeownership total nearly $16,000, rising 4.7% in the past year. View the full article

Origination has picked up but has limits, retention rates are improving and stakeholders are seeking a recapture standard, experts at an industry meeting said. View the full article

The acquisition agreement is the latest example of merger activity this year focused on the recapture potential held within servicing pipelines. View the full article