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Despite the "wow" factor, programs like ChatGPT are not, by themselves, the right tool for anything in the home loan space, argues the Director of Research at FormFree and Associate Director of the Institute for Artificial Intelligence at The University of Georgia.

During a Tuesday hearing, lawmakers talked through how to properly regulate the wide-ranging uses of AI. Some voiced support for forming a new AI agency.

After dropping to a low of more than 40% last year, the recent rally in homebuilders represents a massive rebound from last June's slump and a testament to what appears to be a gradual recovery in home construction. 

The FOMC meets June 13-14. Join us June 15 at 2 p.m., Eastern time, as Jeffrey Cleveland, chief economist at Payden & Rygel, provides his take on the meeting statement, Federal Reserve Board Chair Jerome Powell's press conference and the latest Fed projections.

Former First Republic CEO Michael Roffler, in his first public comments since the failure of the bank, said changes to deposit insurance would be worthwhile for Congress to consider.

Both Flagstar and Deephaven tout the practice of sharing their market expertise with the mortgage brokers and bankers doing business with them.

As part of its receivership of Signature Bank, the agency was given the stock to sell by June 8.

The 30-year conforming rate surged to its highest point since March, driving borrower activity downward, the Mortgage Bankers Association said.

Beginning home construction rose 2.2% to a 1.4 million annualized rate, according to government data released Wednesday.

Lenders who have started using these have saved up to 71% compared to all hard inquiries, Blend's co-founder says.

The bank is working with The Clearing House and real estate tech company EMTransfer and is hoping to cut paper and time from the process of selling property.

Cases increased at an average of 14.5% from 2021 to 2022, a LexisNexis survey found.

Attorneys for the wholesale giant deny its hiring agreements are unlawful, and have floated settlement terms with the National Labor Relations Board.

The hackers, on their dark web blog, recently threatened to release supposed company and borrower information if the lender did not pay.

The case involves a house seized for a tax debt — but the state pocketed the profits.

The bank is focusing on pre-seed companies that specialize in fintech or other forms of technology and have diverse founders.

Grand View Financial promised vulnerable homeowners debt payoff assistance, but its clients all ended up losing their properties.

Now that the national emergency is over some — but not all — government-related entities have set what may be final deadlines for this form of pandemic relief.

The share of job seekers who relocated to take up a new position fell to 1.6%, the lowest level on record, in the first quarter of 2023, according to a quarterly survey that's been carried out by executive coaching firm Challenger, Gray & Christmas, Inc. for decades.