A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
From updates in mortgage-related court cases, to developments in AI and policy, here are the most-read stories from National Mortgage News over the past week.
The impairment rate for securitized non-qualified mortgages improved a little in August after increasing slightly the two previous months.
Donna M. Massanova is EBP Center of Excellence global lead at Makosi, where she is also a member of the company's Advisory Board. She retired as a partner from Baker Tilly with over 30 years of experience in public accounting. She built and led one of the largest employee benefit plan audit practices in the U.S. and spearheaded the Philadelphia market's construction and real estate practice.
The contract rate on a 30-year mortgage climbed 12 basis points to 6.46% in the week ended Sept. 26, according to Mortgage Bankers Association data released Wednesday.
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The tax delinquency rate hit a seven-year high last year with residents of some states seeing amounts owed increasing by more than 50% since 2019.
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The correspondent giant, whose earnings have trended positively in recent quarters despite market headwinds, has made several debt moves this year.
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The ranking Democrat on the Senate Banking Committee said growing uncertainty and risks in the financial system mean the central bank should increase the countercyclical capital buffer for the nation's largest lenders.
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Blend Labs had 23 new or expanded relationships in the fiscal period, double that of the first quarter, including 18 related to consumer banking or home equity.
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The plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their stock.
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A decline in a branch manager's volume led to allegations he shared customer data with his wife, who joined rival American Pacific Mortgage.
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Lack of funding confidence is why many longtime mortgage professionals are jumping ship and hitching their wagons onto new companies.
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A nonprofit housing group has found an ambitious middle ground between those who oppose any change to the mortgage interest deduction untouched and those who say it must go.
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A Supreme Court ruling overturning circuit court rulings in D.R. Horton Inc. v. the National Labor Relations Board is in question. This affects the enforceability of class waiver arbitration agreements.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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