The two bills would require banking agencies to study artificial intelligence and its application in the banking sector, and would codify findings from an earlier AI working group formed by the committee.

Artificial intelligence makes it easy to customize messages and look at loan options but it can present problems if guidelines are overlooked.

The proposed class action lawsuit comes after Anniemac revealed that over 170,000 of its customers may have had their data leaked.

Those who don't retain MSRs or have a buyer agreement accommodating a recapture strategy will face challenges, one panelist warned at an industry meeting.

While companies tend to amp up warnings to consumers about fraud and scams during the holidays, institutions may also need to bulk up their defenses.

Vista Point Mortgage and Rockport Mortgage reported attacks on their systems, with over 14,000 customers potentially affected by compromised data.

Litigation filed by the company points to a total of $30 million losses that have yet to be covered by its insurance partners, including Berkshire Hathaway.

The pro-business, deregulation-friendly administration is taking office at a time when economic conditions are improving for fintechs and their investors.

The two-day intrusion into the lender and servicer's systems in August may have compromised customers' Social Security numbers.

The bureau suggested this week that states should remove the exemptions banks enjoy from data privacy laws. California is a prime candidate to act.

The Treasury's financial crimes arm alerted banks to the dangers of AI-powered fraud, urging close monitoring and swift reporting of any suspicious activity.

The incoming administration has experience from its previous run, Bank of America's chairman and CEO said. He also said he would not join it. 

The two companies will retain ties as Daniel Wallace moves to an operational leadership position at a time when non-agency mortgage opportunities are opening up.

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

AI agents can help route tasks and make decisions along the way, but a human in the loop will still be needed to ensure effectiveness.

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.

Flueid, which provides verification of title services, has raised $8.3 million of new capital, with lead investor LiveOak Ventures along with Gilbert's Detroit Venture Partners.