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Regulators will award a total of $3 million to over 1,800 households after a judge penalized Home Matters USA over its mortgage relief fraud scheme.

Over three-quarters of the Wolters Kluwer Blue Chip Economic Indicators panel said the FOMC will ease eventually, but a growing number are now expecting a hike.

The larger opportunity, worth $10 million, focuses on tests that use robotics and AI to improve the manufacturing of factory-built housing.

The deal includes recently introduced senior first class flow (A-1FCF) and last cash flow (A-1LCF) tranches, which benefit from credit enhancement levels of 24.70%.

The lender has delayed and denied requests to make its CEO available to testify under oath since December, suggesting his testimony was unnecessary.

Contract closings rose 3.2% to an annualized rate of 4.17 million last month, according to data released Tuesday by the National Association of Realtors.

The number identifying it as such is significant, but not universal, as servicers also face product-specific challenges and determine whether and how to use AI.

Mortgage lock volume fell 5.4% in May as rates climbed, but declining pull-throughs suggest some borrowers are reconsidering loan plans amid ongoing rate volatility, Optimal Blue found.

Zachary Carpenter, tapped to take over as Farmer Mac CEO in March 2027, will now take over the position on July 1, with Bradford Nordholm as CEO emeritus.

Originators slightly loosened credit for conventional and jumbo products in May but they've held steady after larger growth to begin the year.