Industry News
Industry News
-
A complaint accuses Mr. Cooper of using an AI-generated call in contacting customers who gave no consent to be reached out to.
November 11 -
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.
November 7 -
The company plans to increase investments in its proprietary products as well as marketing initiatives with expectations of originations growth next year.
November 6 -
Value adjustments to Guild's MSRs totaled a loss of $145.8 million, the nonbanks third quarter earnings show.
November 6 -
The REIT was successful in achieving all of its near-term goals, its CEO said in an earnings call.
November 6 -
An index of bank stocks rose 8.5% early Wednesday after Donald Trump won his bid to return to the White House.
November 6 -
Loandepot rolled out Project North Star, an initiative designed to position the company as "the leading lending partner of choice for homeowners."
November 5 -
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.
November 5 -
The incentive, meant to ramp up activity in Rocket's broker channel, is valid from Nov. 5 to Nov. 17.
November 5 -
The company formerly known as Ocwen improved results on several fronts even though a secondary market price change reduced origination profits in one channel.
November 5 -
The joint venture with Smith Douglas Homes will expand Loandepot's market presence in states including Georgia, Alabama and Texas.
November 4 -
Economists cautioned that October's employment report may not provide a fully accurate representation of the economy due to recent hurricanes.
November 1 -
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.
November 1 -
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.
November 1 -
Nerdwallet purchased Next Door Lending for $1 million, SEC filings show.
October 31 -
Eighty percent of respondents say their current mortgage payment is putting a strain on their personal finances, per a Transunion survey.
October 30 -
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.
October 30 -
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.
October 30 -
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.
October 29 -
Nearing the first anniversary of its acquisition of Roundpoint, the company is focusing on MSRs and will now be known simply as Two.
October 29



















