Figure, Oportun and Brex are among the fintechs that have dropped their applications for a banking charter.

Ransomware attacks are an increasingly significant threat to the home finance industry.

The bank developed its cloud-based Ally.ai platform within months. Now it has rolled out its first use case: summarizing customer service calls so the agent doesn't have to multitask.

The Federal Housing Finance Agency is adding advanced models that include rental payment histories and trended data, but others tap cell phone or consumer-permissioned bank data.

BofA's fintech accelerator launch and Guaranteed Rate's new insurance offering via a brokerage spinoff are among the latest fintech stories.

Several lenders have debuted artificial intelligence chatbots to help their customers through the homebuying process. What makes them stand out from the OpenAI phenom?

The fintech is reducing its sales and marketing expenses and promoting a healthy pipeline of consumer banking products, representatives said.

While policymakers have warned lenders they will be on the lookout for potential fair lending violations, the lack of current rules means many companies are trying to determine best practices on their own.

One in eight appraisal-related fees are covered by lenders, a survey conducted by Stratmor Group found.

The group represents the fourth class of startups in the history of the program and the first since the home lender's merger with New York Community Bank late last year.

Negotiations are ongoing, but the legal move ends the restraining order trial in federal court scheduled for Aug. 14.

Lender Toolkit provides services to support ICE Mortgage Technology's Encompass platform, along with artificial intelligence software.

The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.

Companies that don't use the technology on average pay $1.76 million more and take 108 days longer to respond to incidents than firms that utilize it.

But its mortgage business remains a money loser, and it wasn't a great period for the acquisition target either.

The deal is expected to help Stavvy further growth of digital self-service loss-mitigation options for borrowers and their lenders.

Its One Ally strategy is meant to help the bank with personalization and cross-selling.

Originators said they appreciate the easy sign-up and are optimistic after the social media app's rapid growth.

Cloud giants are making major investments in generative AI and large language models. Their financial services clients are mostly in test-and-learn mode.

Figure Technologies laid off 90 employees this week, or about 20% of its staff, while it's also interviewing bankers in advance of a planned initial public offering for its lending business next year, according to documents reviewed by Bloomberg.