PHH Corp., Mt. Laurel, N.J., said it will hold an investor call on Wednesday afternoon to provide an update on its previously announced "transformation initiative." No further details were available at press time. PHH's largest corporate share holder is Black Rock Financial, New York. Its mortgage unit ranks among the top ten in both lending and servicing, according to the Quarterly Data Report.
House Republicans floated discussion legislative drafts aimed, in part, at strengthening the Federal Home Loan Banks' role providing liquidity to the financial system.
More than 80% of lenders are evaluating AI tools across their businesses, yet only 17% have deployed the technology in live production workflows.
Equity levels grew to start 2026 after pulling back to end last year, as older homeowners increasingly say they prefer to remain in place rather than downsize.
The Federal Housing Administration's demonstration project would allow payments to be deferred without placing a subordinate lien on a primary mortgage.
HUD found financial mismanagement, inadequate fraud controls, false certifications and improper payments within the Virgin Islands Housing Finance Authority.
As non-QM lending keeps growing, RiskSpan says its new tool gives lenders and investors a better way to judge borrower risk
