The Teamsters launched a home affordability program for its members, adding to the growing number of homebuying programs offered through unions.

A Pennsylvania judge said Mortgage Connect’s complaint failed to meet the burden of proof for a clear right to relief in a case that involved a former employee’s noncompete clause.

Onity takes $120.0 million deferred tax asset valuation allowance; income/employment defects rise; Sagent launches servicing platform; AI company rescinds link to Intercontinental Exchange.

FHFA Director Pulte frustrated by credit bureaus; mortgage locks decline in December; Mr. Cooper plans layoffs in California.

Mortgage executives recommend frequent communication and annual in-person meetings to help staff overcome burnout challenges.

Employers are increasingly offering downpayment assistance programs as a way to boost employee recruitment and retention.

Waterstone Financial relents on defense against poaching allegations; Mr. Cooper takes loss on sale of Flagstar’s third-party originations unit; legal expenses rise at Mr. Cooper.

MBA increases odds of a recession within next 12 months; new tools to verify employment, income; downpayment size increases in 2024; new proposals from MISMO; lender raises funds; Cardinal offers processing for brokers; new hire at Nationwide Mortgage Bankers.

Economic uncertainty will require mortgage companies to be more flexible in how they scale their operations.

Lenders are planning to take a more hands-on approach in 2025 due to the purchase-heavy environment expected this year.