Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), took to the social media platform X on Monday to seemingly call out credit bureaus for their pricing. “I do not understand what the credit bureaus are doing with their pricing — they are inviting a lot of scrutiny that is only intensifying by […]
FHFA Director Pulte criticizes credit bureau pricing Read More »
Apollo Global Management affiliates announced yesterday a $1.2 billion investment in QXO. QXO CEO Brad Jacobs–after building an array of successful distribution companies in logistics and equipment rental–entered the construction industry by acquiring Beacon Roofing Supply in April 2025. He’s told shareholders he has a $50 billion revenue target over the next decade and has
Apollo’s $1.2B bet on QXO tests data limits in building materials Read More »
Williston Financial Group (WFG) and Gold Capital Partners have formed a joint venture to launch Metro United Title and Escrow, a new title and settlement services company that will begin operations in Arizona. Metro United Title and Escrow is scheduled to expand into additional states in early 2026. WFG is providing technology, operational support and
Williston Financial Group launches title joint venture Read More »
Fidelity National Financial (FNF) believes that a magistrate judge issued an erroneous report on the title insurance giant’s claims in its lawsuit against Financial Crimes Enforcement Network (FinCEN). In a document filed last Tuesday, FNF objected to the report and recommendations made by Magistrate Judge Samuel Horovitz. In his report, Horovitz recommended that the court
FNF disputes magistrate judge’s support for FinCEN’s AML rule Read More »
Mortgage rates have been effectively unchanged for 5 straight days now. During that time, the MND 30yr fixed rate index hasn’t moved by more than 0.01%. The average borrower would see almost exactly the same terms on any of these days. The absence of volatility isn’t much of a surprise given the time of year
Mortgage Rates Barely Budge, But Volatility Risk is Increasing Read More »
California Governor Gavin Newsom said a group of major banks have agreed to extend mortgage relief for Los Angeles wildfire victims, as the area struggles to rebuild one year after the devastating blazes. Processing Content Wells Fargo, JPMorgan Chase, U.S. Bancorp and Citigroup will streamline requests for an additional 90-day forbearance period, allowing borrowers to
Large banks extend mortgage relief for LA wildfire victims Read More »
A quarter of millennials have more debt than savings, with less than 45% of the post-college demographic able to stomach a 10% down payment, according to Clever Real Estate. Processing Content Just about all of the 29-to-44 year old cohort surveyed report holding at least one significant homebuying anxiety, as 40% say they’re desperate to
How cash-strapped are millennial home buyers? Read More »
The housing market looks set to stabilize this year as home-price growth slowed to a 14-year low in the final months of 2025, new industry reports said. Processing Content Annual home-price appreciation ended last year at 0.7%, the smallest calendar-year increase since 2011, when prices dropped 2.9%, according to Intercontinental Exchange’s Home Price Index. Cotality
Affordability in the housing market improves to close 2025 Read More »
Higher costs for credit reporting in the mortgage industry are drawing renewed criticism from a federal housing official as the new year gets underway. Processing Content “I do not know what the credit bureaus are doing with their pricing. They are inviting a lot of scrutiny and that is only intensifying by the day,” Federal
Credit reporting prices draw more ire from FHFA’s Pulte Read More »
Key insight: Fifth Third and Comerica’s shareholders both blessed the companies’ proposed merger, but the two banks are still embroiled in a legal battle with an activist investor. What’s at stake: If the deal crosses the finish line, it will be one of the largest bank mergers of the last decade. Forward look: The banks
Fifth Third-Comerica deal easily wins shareholder approval Read More »