The Latest

Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.

Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.

Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.

The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.

The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.

Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.

Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments

The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.

The proposal is $10 billion of general obligation bonds for affordable housing and $1.25 billion of revenue bonds for the state's veterans home loan program.

Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.