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The confidential agreement comes two years after a federal jury awarded the subservicer $22.6 million in damages in a case with numerous competing claims.

Rolling back PAVE signals a return to evidence-based housing policy and a rejection of flawed claims of systemic appraisal bias, say co-directors of the AEI Housing Center.

For the second consecutive week mortgage rates moved higher, as the likelihood of the Federal Reserve acting diminished after the Consumer Price Index report.

The dollar rose after a better-than-estimated retail sales report and a drop in jobless claims reinforced speculation the Federal Reserve will stay on hold for now. Stocks and bonds wavered.

The new set of definitions will give mortgage companies clarity in speaking about technology that is becoming a core part of how their day-to-day work

After the rapid rise of interest rates, election uncertainty and tariff policies stymied borrower demand, some banks' second-quarter results suggest that loan growth may be on its way back.

When customers accepted lower rates, the lender drastically slashed its originators' compensation or cut it altogether, the lawsuit claims.

Recently revived plans for broader use of the repositioned common-securitization platform for monetization purposes may hearken back to past concepts.

A spike in the bank's noninterest income powered its better-than-expected net income and revenue in the second quarter.

States warn that eliminating the BRIC program could leave rural areas vulnerable to extreme weather.

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency proposed a rule that would revert the anti-discrimination framework to its 1995 standards.

Supreme Court rulings and provisions in the recently passed budget bill are bolstering the legality of the administration's effort to fire more than 1,000 employees at the Consumer Financial Protection Bureau.

The VA Home Loan Program Reform Act arrives after the expiration of a previous foreclosure-prevention program sent foreclosure numbers spiking this spring.

CEO Brian Moynihan plans to keep directing some of the bank's excess capital into new market expansions, he said Wednesday. "Organic growth is the reality," given the bank's already dominant U.S. market share, he said.

Lorie Logan, president of the Federal Reserve Bank of Dallas, said in a speech Wednesday that she is content to leave interest rates where they are, adding that she would want to see inflation fall to 2% before considering cuts.

FHFA's move to greenlight VantageScore 4.0 while sidelining FICO 10T has sparked a high-stakes clash over the future of mortgage credit scoring.

Mortgage applications to buy a home declined last week to the lowest level since late May as borrowing costs remained elevated.

Ryan Alexander, a life-long government employee, received news that he didn't want to hear: the project he was overseeing at the GSA was cut by DOGE. So Alexander decided to pivot.

The global bank reported solid second-quarter results as executives maintain confidence in the bank's ability to achieve a return on tangible common equity of 10-11% next year. But an analyst said Citi's progress on reducing expenses will hinge on its ability to get freed from various enforcement actions.