What makes the situation alarming is the government attack on the fair lending enforcement infrastructure, said Lisa Rice of the National Fair Housing Alliance.
Real estate players disclosed losses in 12% of incidents, and the average financial hit was $16,829, according to data from the past decade.
The management changes come amid speculation that competition between Mr. Cooper and another player that's been more focused on digital operations is heating up.
The Federal Reserve's interest rate-setting committee is widely expected to cut rates by 25 basis points today, but where the central bank goes from here is an open question.
Home equity is becoming a data-driven asset that demands sharper valuation and analytics as lending options expand, according to Clear Capital's EVP of Strategy and Growth.
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Application error findings rose over 15%, the second quarter in a row they have moved higher, the post-closing file review from Aces Quality Management found.
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An activist investor is seeking more information on how, and when, the largest bank deal of 2025 came together.
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Federal Reserve Gov. Christopher Waller said in a speech Monday that private and public-sector data suggests that the labor market is continuing to weaken, making a 25 basis point rate cut in December a prudent choice.
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Quality Control Advisor Plus is an integrated system which brings together previously separate units, cutting months off of Freddie Mac's current QC process.
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Representatives of the insurance industry called the proposal too speculative and prescriptive, while consumer and environmental advocates say it doesn't go far enough.
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New-home mortgage applications dropped, but the annual sales pace was the strongest in over a year, the Mortgage Bankers Association said.
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There is no banking crisis, but the president’s actions are threatening to create one.
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Cash-strapped lenders need to find a way to consistently fund marketing that resonates with more cultures if they really want to be able to replace lost volume by reaching underserved borrowers.
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Consumers traditionally pick the lender with the best rate and the lowest payment, but in a competitive marketplace, the customer's digital mortgage experience is often the first tiebreaker.
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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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