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California lender Synergy One recently rolled out Synergy GPT, an enterprise AI bot, and is looking to further expand its technology use cases in 2025.

Over the next decade, the housing market will have excess demand of 25 million units even as the baby boomer generation ages and dies, the Mortgage Bankers Association said.

American Banker is live-blogging the U.S. election, providing quick updates on races that matter for bankers on Election Day.

The incentive, meant to ramp up activity in Rocket's broker channel, is valid from Nov. 5 to Nov. 17.

Low supply and production volumes, though, have left values competitive, with two segments in particular holding promise for favorable returns, a new report said.

The next administration should look for areas in title insurance, homeowners' insurance, and appraisals to pass savings back to homebuyers which could translate into homebuying power for those on the brink of accomplishing their goals, writes Vishal Garg.

The company formerly known as Ocwen improved results on several fronts even though a secondary market price change reduced origination profits in one channel.

Analysts are watching both Vice President Kamala Harris and former President Donald Trump for potential regulatory picks, as well as how strongly Trump advocates for policies like tariffs and deportations that could impact the economy, inflation and bankers' prospects.

Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.

Even as home equity withdrawals hit a two-year high, utilization rate remained less than half of normal, ICE Mortgage Technology said.

Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.

The joint venture with Smith Douglas Homes will expand Loandepot's market presence in states including Georgia, Alabama and Texas.

Treasury yields fell sharply and the dollar weakened as investors pared bets on Republican Donald Trump prevailing in Tuesday's U.S. election.

Flueid, which provides verification of title services, has raised $8.3 million of new capital, with lead investor LiveOak Ventures along with Gilbert's Detroit Venture Partners.

The median age of a first-time buyer reached a record of 38 — about a decade older than in the 1980s.

Mortgage professionals are focusing on housing policies and the Federal Reserve this November.

Esusu, Foyer, Divvy Homes and Tomo Mortgage are among the fintechs trying to give first-time homebuyers a break, alongside community development financial institutions like Southern Bancorp. 

The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.

Remax, the real estate brokerage and mortgage broker franchisor of Motto Mortgage, rebounded from a year ago loss in a tough news cycle for both its businesses.

Economists cautioned that October's employment report may not provide a fully accurate representation of the economy due to recent hurricanes.