11+ hour, 55+ min ago   (527+ words) Citizens Bank is suing SoFi Bank for poaching its loan officers and loan pipelines, in a new lawsuit that shows the fight for mortgage talent and business remains intense. The lawsuit was first reported by Law360. Citizens raised an alleged violation…...

4+ day, 11+ hour ago   (695+ words) President Trump has resumed social media posts backing housing advocacy, one of which is an online video promoting the "Great American Mortgage Corporations" branding for two government-sponsored enterprises. The two promotional videos in the posts renew pledges that Freddie Mac,…...

5+ day, 18+ hour ago   (580+ words) Fannie Mae has updated its "highest and best use requirements" for the Uniform Appraisal Dataset 3.6 standard currently being implemented. These changes also involve reporting rental income via this standard. The switchover, which is being phased in, requires all appraisals submitted…...

5+ day, 19+ hour ago   (563+ words) The Mortgage Bankers Association filed a civil lawsuit against the New Jersey attorney general over the state's disparate-impact discrimination rules, claiming they pose a constitutional risk and undermine existing safeguards aimed to protect businesses. In a complaint filed Thursday in…...

1+ week, 3+ day ago   (682+ words) The government-sponsored enterprises say they have been leaning into cost savings, some of which have been passed on to lenders and borrowers. Below, a breakdown of the specific figures behind those gains. Freddie Mac Chief Financial Officer Jim Whitlinger said…...

1+ week, 5+ day ago   (755+ words) The limits on institutional ownership of single-family rental properties is likely going to be a credit positive for the segment with a gradual improvement in collateral quality, a Morningstar DBRS FAQ said. The sector's future is cloudy for lenders as…...

2+ week, 1+ day ago   (1015+ words) Federal Reserve Chair Kevin Warsh sent markets a clear, hawkish signal: don't expect any interest rate policy shifts, post-speech commentators said. Warsh, if anything, spoke out against providing the markets any forward guidance, which is typically used to price longer-term…...

2+ week, 5+ day ago   (656+ words) A federal appeals court has revived a shareholder lawsuit against Freddie Mac and former executives, as one of those judges is urging everyone to wrap up the 18-year-old case. The 6th Circuit Court of Appeals last week overturned a lower court's…...

3+ week, 2+ day ago   (678+ words) A new analysis suggests homeowners could shorten the payoff time of a typical mortgage by six years if they managed to squeeze in an extra payment every 12 months. A single additional payment each year would also save a new buyer…...

3+ week, 3+ day ago   (714+ words) As tech giants push deeper into rural America to construct massive data centers, mortgage lenders and appraisers are being forced to rethink local market dynamics, even though early housing data shows little immediate impact on home sale prices. The proportion…...