Origination

Fraudsters and modestly dishonest employees can use generative AI to quickly create convincing fake utility bills, pay stubs, passports and other documents banks rely on.

More mortgage professionals told National Mortgage News they expect their companies to hire, or stand pat, rather than fire workers this year.

Leverage is moderate in Saluda Grade's pool, yet the junior liens carry slightly more LTV and DTI risk, on a weighted average (WA) basis.

Home equity investment platforms continue to attract dollars from the venture capital community but also face a proposed de facto ban in one state.

Shaw, which was part of last year's standstill agreement with Third Point, said it will support shareholder-driven change on Costar's board.

Less than 45% of mortgage residential properties in the United States were equity-rich last quarter, a 1.5-percentage-point drop from the third quarter.

As measured by earnings available for distribution at the REIT, Two posted a profit of $0.26 per share but this was well below the consensus estimate of $0.37.

Lennar Corp. and Taylor Morrison Home Corp. are among the firms that have worked on the proposal, which calls for builders to sell entry-level homes into a pathway-to-ownership program funded by private investors, according to people familiar with the plan. 

Jonathan Yasko pleaded guilty to diverting monies in real estate transactions to cover unrelated closings, and to pay for his own cars and personal travel.

The average homebuyer who purchased a home below the asking price last year received a 7.9% discount, the largest since 2012, Redfin found.