Freedom Mortgage faces a proposed class action lawsuit, which alleges the lender made several marketing calls to a South Carolina resident in violation of federal and state regulations. Plaintiff Brittany Williams said she received multiple calls from three different Freedom Mortgage originators between July 24, 2025, and Aug. 5, all presenting her with options for […]
Freedom Mortgage faces charges of TCPA violations Read More »
CrossCountry Mortgage is rejecting accusations that it operated a kickback scheme, and is defending the comarketing agreement in question as lawful. The retail giant in a legal filing Monday offered several arguments to a federal court regarding why a borrower’s Real Estate Settlement Procedure Act complaint falls short. Jeremiah VonBlohn and five other North Carolina-based
CrossCountry defends comarketing deal in RESPA lawsuit Read More »
US consumer confidence fell in September to a five-month low on growing concerns about job prospects and the broader economy. The Conference Board’s gauge of confidence decreased 3.6 points to 94.2, data released Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 96. READ MORE: Mortgages with rates
Consumer confidence falls to five-month low on job concerns Read More »
Al Drago/Bloomberg Key Insight: Federal Reserve Vice Chair Philip Jefferson said immigration and tariff policies have clouded his economic outlook and placed pressure on the central bank’s dual mandate. However, because tariffs have had a smaller-than-expected impact on inflation, he said he expects disinflation to resume after this year. Expert Quote: “I view the uncertainty
Fed’s Jefferson: Uncertainty around economy ‘especially high’ Read More »
What’s at Stake: The union’s counsel warns that the appellate panel’s ruling permits the unilateral elimination of federal agencies. Expert Quote: “It enables agencies to avoid judicial scrutiny of virtually any decision.” — Jennifer Bennett, National Treasury Employees Union. Supporting Data: The Trump administration wants the CFPB’s headcount cut to 200, down from 1,750 in
CFPB’s union appeals agency’s ‘dismantling’ to D.C. Circuit Read More »
Victor J. Blue/Bloomberg Key insight: Citi is putting most of its employees through prompt training in the hopes of improving productivity. What’s at stake: Poor prompting risks degraded competitiveness and slower operational outcomes. Forward look: Prepare for expanded agentic AI rollouts and governance decisions across financial firms. Source: Bullets generated by AI with editorial review.
Citi mandates AI prompt training for most employees Read More »
Key Insight: All eyes are on the Slaughter v. Trump case, which will be heard by the Supreme Court at the end of the year. How that case plays out could decide whether Federal Reserve Governor Lisa Cook can remain at the central bank. Expert Quote: “If they overturn Humphrey’s Executor and do so in
Experts say Supreme Court could combine independence cases Read More »
The potential government shutdown that’s looming this week due to an impasse between political parties in budget negotiations has some new risks for housing. In addition to more typical concerns, an Office of Management and Budget memo issued last week means the usual furloughs could be layoffs that compound the impact of previous public sector
New dangers for housing in looming shutdown: How mortgage lenders can prepare Read More »
Analysts at Morgan Stanley have downgraded UWM Holdings, the parent of United Wholesale Mortgage, citing valuation risk, given the 55% increase in its stock price since the end of July through today. But at various points between those two milestones, the gain in UWM on a percentage basis was even higher. On July 31, UWM’s
UWM downgraded by Morgan Stanley on stock valuation risk Read More »
Mortgage spreads are the hero of housing in 2025, quietly helping housing demand pick up even when nobody else notices. What are mortgage spreads? In the slow dance between the 10-year yield and 30-year mortgage rates since 1971, the mortgage spread is the distance between them — the key variable keeping them close or distant.
Mortgage spreads are the hero of the 2025 housing market Read More »