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The federal Project Fortress initiative provides defensive tools for banks. Community banking groups and regulators' associations say small banks in particular need the free and accessible help.

Last year, a New Jersey federal court sided with LoanCare's countersuit awarding it over $22 million in compensatory damages. Freedom was awarded $247,000 in damages.

As a result of the high-pressure sales tactics, consumers could lose their homes to foreclosure or bankruptcy, the Center for Responsible Lending said.

The leading mortgage player posted another nine-figure profit, although its gain-on-sale margins slipped.

Financial institutions have trouble pinning down a common definition of AI and figuring out which of their processes incorporate the technology. That can lead to trouble with regulators.

The cybersecurity company promised more rigorous tests for software updates after a widespread IT outage last month.

A pick-up in home prices during spring buying season pushed the share of equity-rich households higher across the country, according to Attom.

The Mortgage Assets Management deal and new name aim to position Onity as an diversified entity that can handle rate shifts like the currently anticipated one.

The 30-year fixed rate mortgage was at its lowest level since early February as the benchmark 10-year Treasury dropped under 4%.