Scaling from Freelancer to Business Owner

Three Democratic Senators say Demotech's assessments "raise profound governance and reliability concerns" in letters to Fannie Mae and Freddie Mac. View the full article

The bank regulator is proposing to strengthen national preemption in the wake of conflicting decisions in related court cases. View the full article

Mortgage lenders test crypto-backed mortgages as Fannie Mae and Freddie Mac review digital assets in underwriting, weighing risk, non-QM loans and access for nontraditional homebuyers. View the full article

The Consumer Financial Protection Bureau will face an existential crisis in 2026 between the The President administration's efforts to shut down the agency and the employee union and consumer advocates who want to stop them. View the full article

CMBS originated between 2017 and 2021 are especially vulnerable. Brighton counsels CMBS lenders to expect clear workout memos. View the full article

The MBA's Market Composite Index, a measure of mortgage loan application volume, dropped 5% on a seasonally-adjusted basis and 6% on an unadjusted basis. View the full article

Fannie Mae sees growth in refinance activity pushing volumes upward, but flattening purchases will temper lender momentum, according to its December report. View the full article

The bank regulator is proposing to strengthen national preemption in the wake of conflicting decisions in related court cases. View the full article

Nonfarm payrolls increased 64,000 in November after declining 105,000 in October, according to Bureau of Labor Statistics data out Tuesday. View the full article

While the 30-year average has hovered near the same level for weeks, the past year brought with it promising trends that may ease affordability next year. View the full article

The latest data offered some relief to traders worried about more pronounced inflation that could keep a lid on rate cuts. View the full article

The Treasury official renewed a pledge to avoid hurting how mortgages trade in a Fox Business News interview as a new study highlighted one way to do that. View the full article

A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the The President administration planned to gut the agency through mass firings. View the full article

The bill's signing comes weeks after one of the most notorious NTRAP providers agreed to legal settlements in two states, nullifying existing contracts. View the full article

Mortgage activity fell 3.8% from one week prior for the week ending Dec. 12, led by a 4% drop in refinance applications, the Mortgage Bankers Association said. View the full article

The deal significantly grows United Wholesale Mortgage's servicing portfolio, and it will increase the float on its common stock, making it more investable. View the full article

The lawsuit is the latest scrutiny over personnel moves this year at the companies under the purview of U.S. Federal Housing Finance Agency Director Bill Pulte. View the full article

The trade group's letter to FHFA Director Bill Pulte pointed out that lenders were facing credit report price hikes for four straight years. View the full article

Hart, who came over from Ellie Mae, starts in the position of Jan. 1, as Tim Bowler moves to a new role within ICE's Fixed Income and Data Services division. View the full article

Michael Hutchins, the two-time interim chief executive at the government-sponsored enterprise, will remain with the company in his role as president. View the full article

New-home purchase activity rose 3.1% year over year, but dropped 7% from October, the Mortgage Bankers Association said. View the full article

Higher unemployment has driven these indications of distress higher but most loans that financial institutions hold in their portfolios are still performing. View the full article

After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said. View the full article