A federal judge in Sacramento, Calif., has ruled in favor of the parties suing to overturn California's Junk Fax Law.The state passed its own law last year in a direct challenge to the federal Junk Fax Prevention Act. The California law did not carve out an "established business relationship" safe harbor, as did the federal law. "Because of this victory, businesses nationwide will be spared the unnecessary cost and bureaucracy of navigating what would have been grossly conflicting federal and state laws," said Stephen A. Bokat, executive vice president of the National Chamber Litigation Center, an arm of the U.S. Chamber of Commerce, one of those suing the state over the law. Among those benefiting from the ruling are mortgage wholesalers who send out rate sheets to brokers and mortgage brokers who fax marketing materials to real estate brokers.
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Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
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The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
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The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
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While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
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Priority Financial Network CEO Marc Shenkman allegedly told a former employee to "keep his resume out there" because he planned to get Lendwise shut down.
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Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.
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