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Central Mortgage Funding failed to adhere to an earlier consent order imposed for using unlicensed mortgage loan originators.

Even as annual home value growth levels out and the pace slows, prices are still rising and reached new records in October, two separate tracking measures disclosed.

A vast majority of the collateral pool balance, 82.6%, are mortgages used to purchase primary residences, and just 17.4% finance second homes.

Improved digital communications in transfers could help mitigate one growing risk for servicers, which also could face a less friendly rate and credit scenario.

The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service.

Plaintiffs argue that Mr. Cooper's hefty payment to Alphv hinged on the promise that the criminal organization would delete stolen customer PII.

Rithm Capital has been teasing an initial public offering of the mortgage banker for some time, and 2025 is likely to be the year, Keefe, Bruyette & Woods said.

In multiple 2024 suits filed against mortgage businesses, the plaintiff claims he was never a client, but received messages despite being on the do-not-call list.

Luminate Home Loans closed its Neo Home Loans division in October after it fired leaders allegedly funneling trade secrets to the rival.

Technology centered on addressing certain key mortgage priorities stand to attract the greatest attention from venture capitalists and other investors.

Lenders will need to lean on alternative products as limited mortgage rate relief keeps some consumers on the sidelines, but others will tire of waiting and act.

Home sellers for properties listed at $650,000 or less are more likely to overprice their house and as a result, these are the ones which are languishing on the market.

Alternative documentation accounts for 37.9% of the pool balance, compared with 24.6% on the 2024-NQM4 deal.

Pending home sales during November were led by a 5.2% monthly increase in the South, with smaller advances in the West and Midwest, the National Association of Realtors said.

On the housing front, Carter's presidency is remembered for mortgage rates in the range of 15% to 20%, but after leaving office, he became well-known for his work with Habitat for Humanity.

Respondents suggest generative AI, regulations and cyber insurance will all play a role in cybersecurity next year.

Richard "Dick" Parsons, the former Citigroup chairman who died Thursday, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.

Only 5% of homeowners in designated disaster-assistance areas were required to hold flood insurance, according to the Federal Housing Finance Agency's dashboard.

Loan officers say the main reasons real estate partnerships fall through are poor communication and mismatched expectations.

Proceeds from the sale will be used by HomeStreet to pay down Federal Home Loan Bank advances and brokered deposits.