Scaling from Freelancer to Business Owner

A 50-year mortgage would make borrowers susceptible to higher interest rates, significantly more payable interest and slower equity gains, LendingTree analysis showed. View the full article

The fintech had over $2 billion in home equity line of credit volume in the third quarter and reported growing production in its crypto and non-QM offerings. View the full article

Bayview Asset Management and three affiliates reached an agreement in a data breach lawsuit for an incident that impacted 5.8 million customers. View the full article

The Department of Government Ethics on Saturday released financial disclosures for former Federal Reserve Gov. Adriana Kugler, showing she had executed several individual stock trades in 2024, including during Fed blackout periods, an apparent violation of Fed ethics rules. The Federal Reserve Inspector General has launched an investigation. View the full article

Federal Reserve Governor Lisa Cook's legal team argued in a new letter to Attorney General Pam Bondi that the claims "fail on even the most cursory look at the facts." View the full article

New-home mortgage applications dropped, but the annual sales pace was the strongest in over a year, the Mortgage Bankers Association said. View the full article

Quality Control Advisor Plus is an integrated system which brings together previously separate units, cutting months off of Freddie Mac's current QC process. View the full article

In November, 41% of builders reported cutting prices, a record in the post-Covid period, according to Tuesday's report. More broadly, 65% reported using sales incentives, unchanged from the prior two months. View the full article

The multi-year, $100 million agreement will allow users to take financial actions without leaving the ChatGPT app. View the full article

Rocket enters the crowded DSCR market with a product for experienced investors, joining rivals as non-QM lending grows and demand for single-family rentals stays strong. View the full article

Finance of America is buying Onity's MSRs and loan pipeline in this niche as PHH retains its role as a subservicer and remains involved in buyout securitization. View the full article

The average premium increase is 64% or $600 a year more, and in some states the rate would go up by more than $1,000, the comparison shopping platform found. View the full article

The Consumer Financial Protection Bureau said the new oath was necessary because prior leadership engaged in what it describes as "thuggery" during exams. Former CFPB officials rejected the agency's characterization of past actions. View the full article

The government-sponsored enterprise took its first look at what new loan volume might be like in two years and found it could rise closer to pandemic levels. View the full article

The administration has previously said the finalists are Fed Governors Christopher Waller and Michelle Bowman, former Governor Kevin Warsh, National Economic Council Director Kevin Hassett and BlackRock Inc. executive Rick Rieder. View the full article

The Mortgage Bankers Association's index of home-purchase applications jumped 7.6% to 181.6 in the week ended Nov. 21, data from the group showed Wednesday. View the full article

Years ago, the Federal Housing Administration helped finance thousands of loans for manufactured housing. An effort to restart that program would help millions of Americans afford their own homes. View the full article

Non-banks tracked by Morningstar DBRS reported combined net income of $367 million for the third quarter, down from $807 million three months prior. View the full article

A federal judge recommended that an enhanced real estate reporting requirement, which could send paperwork and costs soaring next year, remain intact. View the full article

The government-sponsored enterprise removed a limit on adjustable-rate mortgages, and added flexibilities for repair, manufactured home and ADU financing. View the full article

A markup of the bipartisan Housing for the 21st Century Act was passed by a 50-to-1 margin by the House Financial Services Committee earlier this week. View the full article

The option for holders of older government-sponsored enterprise bonds that predated the move to uniform mortgage-backed securities now has a deadline. View the full article

With ongoing affordability issues, the Federal Housing Administration program will keep taking low down payment market share from the private mortgage insurers. View the full article

Fannie Mae and Freddie Mac's credit risk-transfers and some older private-label mortgage-backed securities have exposures to the Washington DC area. View the full article