Scaling from Freelancer to Business Owner

The Federal Reserve's preferred measure of underlying inflation remained muted in December and real incomes were soft, which should support further reductions in interest rates this year. View the full article

The state bill would also mandate third-party appraisal of properties and offer a three-day window for consumers to withdraw from agreements. View the full article

The financial services unit also made a categorization change that revised comparisons to prior periods and will be working with its REIT affiliate in new ways. View the full article

Vista Equity Partners put funds into the regulatory technology firm, which Asurity Technologies has partnered with since 2015. View the full article

Beeline's product division, dubbed Beeline Labs, will be rolling out an AI-powered quality control product for mortgage lenders. View the full article

The Long Island-based company, which is in the middle of a makeover, saw its stock price rise sharply after reporting a net loss that was less than what analysts expected. View the full article

Russell Vought, should he be confirmed by the full Senate, would join a short list of those able to lead the CFPB, as his predecessor Mick Mulvaney did, per the requirements of the Vacancies Act. View the full article

As part of a partnership agreement the two companies entered into, the Ramquest and E-closing platforms have shifted ownership for an undisclosed price. View the full article

Contract signings fell 5.5% to 74.2 in December, according to a National Association of Realtors index released Thursday. View the full article

Mortgage lenders still need to monetize mortgage servicing rights quickly amid the sluggish housing market, representing more opportunities for the firm. View the full article

Nations Lending claims two former branch managers diverted business to CMG Financial before leaving to their new place of employment. View the full article

Mortgage rates declined by one basis point this week, not enough to change the equation to bring consumers back into the housing market, Freddie Mac said. View the full article

Rebranded Two far exceeded consensus on net profit but took a loss in comprehensive income during a period in which it had to hedge to address market risk. View the full article

Inflation-adjusted gross domestic product increased an annualized 2.3% in the fourth quarter after rising 3.1% in the prior three-month period, according to the government's initial estimate published Thursday. View the full article

Members whose districts include Altadena and Pacific Palisades are behind the measure, which calls for an initial 180-day forbearance period. View the full article

Mortgage 1 Inc., founded in 1994, says customers and regulators have mistakenly contacted it instead of Mortgage One Funding, which changed its name in 2021. View the full article

The former CEO of the Broker Action Coalition left that post after 10 months following that group's split from the Association of Independent Mortgage Experts. View the full article

Consumers seeking jumbo home loans last week encountered the same 7.02% average contract interest rate as 30-year confirming loan borrowers. View the full article