An American Bankers Association panel of forecasters predicted slower growth, but it said the U.S. economy would likely avoid a recession, sparing lenders deep credit quality woes.

The top five states have more than 403,000 housing units approved to begin construction in 2024, according to LendingTree.

The core personal consumption expenditures price index increased 0.1% from July, and on a three-month annualized basis, it rose by 2.1%.

Specialized Loan Servicing allegedly charged borrowers $7.50 for processing mortgage payments made by phone. Most servicers, including Newrez, have axed this fee.

Both parties reached an undisclosed agreement to settle all litigation in mid-September.

James B. Nutter & Co., after its legal victory over the Justice Department in July, agreed to a $2.4 million False Claims Act settlement over poorly underwritten reverse mortgages.

Federal Reserve Gov. Michelle Bowman said a lack of banking experience among regulatory officials has led to unintended consequences. She flagged mergers, fintech partnerships and liquidity proposals as prime examples.

The addition of the software under its brand will help the company better serve smaller lenders as it seeks market share, company leaders said in an interview with National Mortgage News.

The government agency also finalized a rule that will bring virtual home buyer counseling services to consumers.

The defendant is accused of defaulting on several properties, bought alongside partner companies with names like Satan or Lucifer Management Corps.

Also, Opendoor adds former Fannie Mae president to board, NFM promotes social media influencer and the Mortgage Bankers Association names its new director of member relations.

The top five lenders averaged more than $20 billion in mortgage originations through May.

The legacy technology will be retired on October 31, 2025, ICE said.

Executives at the super-regional bank told investors that years of investments are poised to start paying off in rising profits, but the market seemed skeptical about the company's plan forward.

While large institutions might rank low in customer satisfaction, the institutions that can build up client trust are also likely to see consumers more likely to share personal data, a leading analyst said.

Mark McArdle advised attendees to remain cautious about the reasons behind implementation of artificial intelligence.

The analytics tool takes a look at geography and borrower activity to help pinpoint areas with high concentrations of loans at risk from natural disasters.

The nonbank mortgage originators with the biggest fluctuation in funded loans between 2022 and 2023 saw an average change of 139.08%.

The CFPB changed how reverse mortgage lenders can appeal to older Americans. Their value is now pitched mainly through direct education, rather than through Tom Selleck.

Realpha, which currently does business in 20 Florida counties using its AI agent, is buying Be My Neighbor, a mortgage broker active in 26 states.