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The deal was constructed under Angel Oak’s social-bond framework, in which the firm intends to use the proceeds to help finance residential loans for underserved borrowers.

Financial institutions said they needed more time to weigh in on issues such as how they use artificial intelligence for fraud prevention and underwriting.

Mortgage activity fell across the board despite analysis that 14.5 million current qualified borrowers would benefit from a refinance, according to Black Knight.

Also, Roostify names new CTO, Elite Digital gets a new partner, and Mortgage Contracting announces leadership changes.

Numbers fell across the board, with private-label and portfolio loans declining most.

Companies in the government mortgage market that serves low income, entry-level buyers are facing higher forbearance rates and more financial strain than others, making homeownership increasingly unattainable as credit remains tight.

Homebuyer competition reached new heights right as the purchase market hits its busiest time of year, according to Redfin.

Patience and vigilance are virtues when using certain social media for marketing, writes the CEO of Paragon Digital Marketing Group.

The newly public company expects a 20% overall loss in adjusted earnings this year.

Inflation concerns may reverse the trend that has seen the 30-year rate decline six out of the last seven weeks.