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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%.

But the business unit of Intercontinental Exchange lost money on an operating basis for the eighth time in the last nine quarters.

The index of contract signings from the National Association of Realtors increased 4.8% to 74.3 in June, reflecting increases in all four major regions, the group said Wednesday.

Titles can vary among competitors, but the leaders of loan officers all value experience in both sales scenarios and technology acumen.

The Federal Reserve chair said Fed researchers continue to explore central bank digital currencies to stay current on international payments developments, but emphatically denied that the central bank is considering creating one of its own.

While the REIT still seeks to grow servicing, it's been willing to sell for the right price as it responds to new rate-related risks and opportunities.

The parent company of Newrez saw mortgage segment profits of over $200 million and the successful close of its merger with Specialized Loan Servicing in the second quarter.

The company earned about the same in the second quarter but less versus the prior period as it added to credit reserves due to loan acquisition activities and higher mortgage rates.

A fintech leader says his blockchain tech could help stakeholders buying and selling loans gain trust in one another.

Yields are expected to range from 5.75% on the A1A notes to 6.55% on the M1, all priced on the three-month, interpolated yield curve.

Both purchase and refinance applications dropped, with borrowers potentially holding out for lower mortgage rates later this year, according to the Mortgage Bankers Association.

The lender denied its software uses artificial intelligence in fighting a 'digital redlining' case.

Higher interest rates over the spring applied some downward pressure on prices, which still managed to grow by over 4% in the first five months of the year, according to the S&P CoreLogic Case-Shiller Index.