Mortgage profits improved on both a quarterly and annual basis, but leaders said low housing affordability and industry competition remain obstacles to growth.
The lender denied its software uses artificial intelligence in fighting a 'digital redlining' case.
Among its major accomplishments in the past year were an update to its Reference Model, the foundation for most of its standards.
Applications for mortgages to buy a home or refinance both fell for a second week, marking a swift reversal of what had been a hopeful sign of a revival in the US housing market.
Plaintiffs accusing the lender of steering them to higher rates cited comments LOs made under oath describing elements of the alleged scheme.
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The giant lender and servicer which acquired Home Point Capital in 2023 did not say whether it would still pursue damages in the repurchase dispute.
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Researchers at the Philadelphia Fed, in a 2023 report, examined the prevalence of "fraudulent investors" in the mortgage market. Their data set covered 584,499 loans issued between 2005 and 2017, of which 22,431 were deemed fraudulent.
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The Federal Open Market Committee member is the third Democrat the Trump administration has accused of committing occupancy fraud.
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The American Land Title Association has created two policy endorsements and updated its best practices to combat seller-impersonation fraud.
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The department will seek to make its oft-criticized platform more user-friendly through a contract with Phoenixteam, aligning it to industry-peer standards.
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The clip promotes Trump's "Great American Mortgage Corp." branding, linking it to Fannie Mae and Freddie Mac as in his earlier stock-offering post.
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Thirteen years after the Sept. 11 attacks, the new One World Trade Center is poised to open soon, bringing back memories of a horrific day and hope for a future in which things carry on.
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Common sense underwriting, a regulatory system that abides by contract law, and borrowers who consider homeownership a privilege, not an entitlement, make Canada perfect for private -label residential mortgage-backed securities.
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Social media is a better way for your clients to share their experiences about using your services.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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