Origination

The number dropped 3.9% from a month earlier to 99.3, according to data released Thursday.

Terminated consultants told a news outlet they received mixed messages on bank policy while committing the conduct in question.

Companies that use artificial intelligence or machine learning in their loan decisions are legally required to provide a specific explanation when applications get denied, the Consumer Financial Protection Bureau said in a policy statement.

The numbers illustrate how quickly housing costs are increasing and the price buyers might pay if they wait to finance.

The 30-year average decreased for the second week in a row but still is almost 2% higher than its year-end 2021 level.

The initial roll-out is in Arizona, Colorado and Florida, but the company plans to offer the capabilities nationwide over the next 24 months.

Non-depositories historically haven't been big originators of home equity lines of credit, but fintechs that offer the easily automated countercyclical products are reporting growth.

The white-label solution aims to provide neobanks and those in property sales with an entry into housing finance, while giving existing lenders a way to introduce new products and channels.

The acting head of the Federal Housing Finance Agency will become the first African American woman to lead the agency as a result of the vote Wednesday.

The National Flood Insurance Program has been without a long-term reauthorization for five years, and it seems poised to stay that way after its first congressional hearing since 2019.