A complaint accuses Mr. Cooper of using an AI-generated call in contacting customers who gave no consent to be reached out to.

FICO's wholesale royalty will be $4.95 per score for mortgage originations, it announced. That's up from $3.25, which is the current cost of a mortgage credit score.

The company plans to increase investments in its proprietary products as well as marketing initiatives with expectations of originations growth next year.

Value adjustments to Guild's MSRs totaled a loss of $145.8 million, the nonbanks third quarter earnings show.

The REIT was successful in achieving all of its near-term goals, its CEO said in an earnings call.

An index of bank stocks rose 8.5% early Wednesday after Donald Trump won his bid to return to the White House.

Loandepot rolled out Project North Star, an initiative designed to position the company as "the leading lending partner of choice for homeowners."

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.

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

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

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

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

HomeStreet and FirstSun are working to devise a new formula after the Texas Department of Banking and the Federal Reserve declined to approve their merger application.

Former Treasury Secretary Steven Mnuchin and his investment firm Liberty Strategic Capital are seeking to more than double his indirect ownership stake of Flagstar Financial — formerly New York Community Bank — to 22.9%, according to filings obtained by American Banker.

Nerdwallet purchased Next Door Lending for $1 million, SEC filings show.

Eighty percent of respondents say their current mortgage payment is putting a strain on their personal finances, per a Transunion survey.

The mortgage lender lost its license two weeks after Connecticut also axed its ability to originate loans, following an investigation that questioned the company's financial wherewithal.

The report card for the world's largest economy illustrates solid momentum in domestic demand as the Fed began unwinding its tightest monetary policy program.

RoundPoint Mortgage Servicing says in its motion to dismiss that the borrower was required to try to resolve the dispute prior to filing a legal complaint.

Nearing the first anniversary of its acquisition of Roundpoint, the company is focusing on MSRs and will now be known simply as Two.