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As regulators repeatedly press banks and fintechs to make sure their artificial intelligence models aren't "black boxes" and comply with existing law, the burden is on lenders to prove they are making such efforts.

Lawmakers criticized the Biden administration's Risk Rating 2.0 effort — which was meant to reduce insurance premiums by developing more refined models — as ineffective, arguing that the program has increased rate premiums in vulnerable areas.

Even with the 9 basis point rise this week, they have remained at the same level since mid-December, and that should bring people into the market, Freddie Mac said.

The rate of errors per loan jumped by 30% compared to the third quarter, a FundingShield report said.

Loan criteria such as credit scores, loan types and loan-to-value ratios are all weaker than those included in 2022 deals, Fitch said.

Having the opportunity to customize their own tech stacks was a key reason behind many top producers' success, according to a new Floify survey.

Banks and Congressmen alike see U.S. regulators' version of Basel III as overly stringent for the securitization market.

Home buying demand propelled overall volumes to a third straight weekly gain, as refinances fell, the Mortgage Bankers Association said.

The Salt Lake City bank says that it doesn't expect major losses, even though its problem loans grew at the end of 2023.

Slightly more than one-fourth of borrowers with it experienced pandemic-related challenges, the Mortgage Bankers Association found.