Earnings dipped for both companies coming in at $236 million and $328.2 million, respectively.

The servicer didn't disclose how many customers were affected by the incident.

The neobank expects to turn a profit by the end of the year, but faces challenges as it copes with the government's pause on federal student loan repayment and with the difficulty of selling technology services to other businesses.

The parties responded to the Federal Trade Commission's court filing that sought an injunction to halt their merger pending an internal adjudication.

The company also has plans to bring on board $37 billion in subservicing contracts in line with its acquisition of Rushmore Loan Management Services.

Researchers at the Federal Reserve Bank of Philadelphia have come up with a plan for letting banks innovate with artificial intelligence and widening access to credit at the same time.

An interagency statement warned that automated systems have the potential to perpetuate discrimination and that such systems should be developed and used "in a manner consistent with federal laws."

The transaction is the second of its kind in the past six months and comes as the mortgage leaders take steps to develop document standardization that would ease electronic closings and trading of the home equity loans.

A Consumer Financial Protection Bureau case against the lender involved is still pending and could have broader implications for compliance issues.

Letting consumers share their VantageScore data with crypto lenders is expected to help them get a better deal on crypto loans. 

Mortgage lender's brokerage spinoff launches with more than 50 carriers.

Investment in software that reduces costs and improves efficiency has slowed but innovation continues.

A federal judge recently gave the go-ahead to the lawsuit from the larger company against its smaller competitor.

Mortgage subservicing opportunities open up as transfers rise: BSI

Victimized consumers made up nearly three-quarters of the requests for help received by CertifID last year.

The Federal Trade Commission is seeking a temporary restraining order to prevent the deal from being completed prior to its July 12 administrative hearing.

A Connecticut Superior Court Judge has reviewed a long-running legal dispute that could define the role loan officers in direct mortgage operations play in originations.

Regional banks will need to implement holistic, sophisticated data and risk analysis technology following last month's bank runs, experts say.

Homebuyers in Colorado, Florida and Texas can apply for a minimum $1 million loan with the company.

The cost and scope of data sharing were among bankers' top complaints, while fintechs would like fewer restrictions, a report by the Consumer Financial Protection Bureau found.