The Consumer Financial Protection Bureau had accused the Dallas bank of "deliberately disconnecting 24 million customer service calls" among other "unfair" acts. But the motion to dismiss allows the CFPB to refile the case again.
But its operating income missed estimates with servicing income and gain-on-sale margins coming in lower than expected.
The San Diego-based company produced $10.6 billion in the fourth quarter, and has done $6.1 billion in the first two months of 2021.
The need for an insurance policy that covers AI risks is growing with the adoption of AI technologies.
Centerbridge Partners' acquisition of MeridianLink comes amid sluggish originations but rising demand for AI tools.
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The unexpected drop to the slowest pace in seven months was driven by ongoing affordability constraints and is a lackluster start to the Spring selling season.
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Panelists at the Mortgage Bankers Association's conference credited investors for helping create the conditions strengthening performance of non-QM portfolios.
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The state's regulator said the insurer must show it will cover more homeowners, and be more transparent. Consumer advocates want more concessions, saying the insurance crisis can't be solved on the backs of homeowners.
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The president said he would consult with the heads of Treasury, the Commerce Department and the Federal Housing Finance Agency he comes to a decision.
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The contract rate on a 30-year mortgage rose 6 basis points to 6.92% in the week ended May 16, according to Mortgage Bankers Association data released Wednesday.
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Fair Isaac Corp.'s shares saw their worst day since March 2020 on Wednesday, falling alongside credit bureau stocks after the head of the Federal Housing Finance Agency questioned credit report pricing.
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Recent increases in Federal Housing Administration mortgage insurance premiums are giving a much needed shot in the arm to the private mortgage insurance industry.
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With the recent uptick, banks are rushing to either reinvigorate their construction funding desks or establish new construction lending units.
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We're hearing from the great state of Minnesota where a court last week issued a decision involving a claim for money damages and rescission of a mortgage loan based on the alleged failure of the lender to provide a Truth in Lending Act form to the buyers at closing.
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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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