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Elimination of the mundane and the elevation of specialized experts able to train AI are among the changes the mortgage industry may see, its leaders say.

The new litUSD is being issued on Ethereum and backed one-to-one with the dollar using cash and cash equivalents being held by LitFinancial in reserve.

Sagent welcomes Rocket, Wells Fargo alums, Assurance Financial appoints a chief operating officer and Williston Financial hires an AI expert

The opening trades were at $11 higher than what Figure priced the initial public offering, and in early action, the stock has ranged from $32 to $37 per share.

The 30-year fixed rate mortgage had its largest decline in a year as it is universally anticipated the Federal Open Market Committee will cut short-term rates.

The company valued its 31.5 million share common stock sale at $25 per share, higher than the last announced expected range of between $20 and $22.

Bill Pulte, director of the Federal Housing Finance Agency, may have violated federal privacy laws by releasing personal information on mortgages taken out by Federal Reserve Gov. Lisa Cook — actions that served as a basis for President Trump's efforts to remove her from office late last month.

Falling interest rates led to a rush in refinancing, but slowing purchase activity brought a decline in overall lock volumes, according to Optimal Blue.

Trump administration tariff policy led lumber futures prices to surge over the first half of 2025, but the front-loading of purchases led to a current glut.

An atypical summer for home price growth and mortgage rates approaching their lowest point in 12 months could entice sidelined buyers, Cotality said.