Subject Root Tag

A second class action has been filed in the state of California and more cases are brewing.

Workers are eligible for the one-time cash grants if they earned a salary of less than $75,000 last year, and their total cash compensation was less than $85,000. The payments come amid a unionization push at the San Francisco-based megabank.

Submit your production volume from last year to be considered among the top in your field.

As regulators repeatedly press banks and fintechs to make sure their artificial intelligence models aren't "black boxes" and comply with existing law, the burden is on lenders to prove they are making such efforts.

Lawmakers criticized the Biden administration's Risk Rating 2.0 effort — which was meant to reduce insurance premiums by developing more refined models — as ineffective, arguing that the program has increased rate premiums in vulnerable areas.

Even with the 9 basis point rise this week, they have remained at the same level since mid-December, and that should bring people into the market, Freddie Mac said.

The rate of errors per loan jumped by 30% compared to the third quarter, a FundingShield report said.

Loan criteria such as credit scores, loan types and loan-to-value ratios are all weaker than those included in 2022 deals, Fitch said.

Having the opportunity to customize their own tech stacks was a key reason behind many top producers' success, according to a new Floify survey.

Banks and Congressmen alike see U.S. regulators' version of Basel III as overly stringent for the securitization market.

Home buying demand propelled overall volumes to a third straight weekly gain, as refinances fell, the Mortgage Bankers Association said.

The Salt Lake City bank says that it doesn't expect major losses, even though its problem loans grew at the end of 2023.

Slightly more than one-fourth of borrowers with it experienced pandemic-related challenges, the Mortgage Bankers Association found.

While becoming more popular in the past year as mortgage rates have increased, the differential is small between those that did and didn't pay points for a permanent buydown, Freddie Mac said.

A new "Social MBS" label will be applied to eligible single-family collateral from both government-sponsored enterprises based on a new mission index score.

The real estate markets where prices are expected to rise the most this year will see an average increase of 5.14%.

In the quarter, 80% of the homebuilder's mortgage customers used the rate buy-down incentive, the company said on a call with analysts.

Though the rate of growth for these conversions has slowed due to higher financing costs and long lead times associated with zoning and permitting, the trend is here to stay.

Money manager Brian Heywood has already spent nearly $7 million of his own money to get six ballot initiatives in front of Washington State voters this November, half of them tied directly to taxes.

Fannie Mae claims its pilot program, which the loan origination system is utilizing, has aided over 5,000 mortgage applicants in the past two years.