The lender specifies a broad range for penalties but filings by the third-party originator's attorneys cite testimony where the specific formula is unclear.
Earlier in the day, the company confirmed it made staffing reductions as it aligns its cost structure with its technology investments to help operations.
Dynex Capital executives say they are preparing for future challenges from artificial intelligence's application to refinancing.
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Despite bullish jobs data, yields surged post-FOMC, with three possible wave theory outcomes ahead, according to the head of correspondent business development at AD Mortgage.
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Treasury yields look oversold after a rough week, but technical patterns still point to a broader uptrend that could push the 5- and 10-year closer to 5%, according to the head of correspondent business development at AD Mortgage.
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Mortgage servicing rights are one of the most notoriously volatile assets in financial markets. The Federal Reserve's plan to loosen their capital treatment could foretell major problems in the future.
Here are the 50 most prolific mortgage originators in the U.S. as measured by units produced, according to the 2026 National Mortgage News Top Producers survey.
Here are the 50 women who did the most dollar volume for the previous 12 months in this year's Top Producers survey.
Technology centered on addressing certain key mortgage priorities stand to attract the greatest attention from venture capitalists and other investors.
Home lending professionals shared their thoughts on vendors, artificial intelligence and the most valuable solutions technology could give them in a new Arizent survey.
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The borrower allegedly forged a VA document that claimed exempt-free status, leading the lender to mistakenly cover the cost on his behalf, prosecutors said.
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The jump last week drove the Mortgage Bankers Association's purchase index to a five-month low, while refinancing slid to depths not seen since mid-2025.
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The deal wraps up the transformation efforts Radian announced when it agreed to acquire specialty insurer Inigo and divest the non-mortgage insurance units.
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Officials expect to maintain current sales amounts for nominal interest-bearing securities — coupons — and floating rate notes "for at least the next several quarters."
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In a Facebook post last week, CEO Mike Kortas offered loanDepot loans officers who switch over to NEXA a one year membership for Nexa100 and a signing bonus.
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Indiana lawmakers are considering two more far-reaching property tax reforms before Senate Enrolled Act 1 has even been fully phased in.
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- Servicing BulletinTuesday, ThursdayInsights and perspectives for the mortgage servicing professional.
- Technology BulletinThursdayA roundup of the latest headlines and opinions on the mortage technology sector.
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ON-DEMAND VIDEOA week ahead of inauguration day, Scott Colbert, executive vice president, director of fixed income and chief economist at Commerce Trust, takes a look at how the Federal Reserve and the economy will fare in President-elect Donald Trump's second run in the White House.
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ON-DEMAND VIDEODonald Trump discussed various items related to the Fed and its independence and stated he would not nominate Jerome Powell for another term as chair. Gennadiy Goldberg, head of U.S. rates strategy at TD Securities, discusses what a Trump presidency may mean for the Fed.
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ON-DEMAND VIDEOJoin Arizent and American Banker experts as they discuss whether bankers and other financial professionals got what they wanted from Trump's victory at the polls.
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