Technology

Republicans on the House Oversight Committee concluded that last year’s massive data breach at Equifax was fully preventable, but stopped short of recommending new laws aimed at averting future hacks. Democrats called the final report a “missed opportunity.”

Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.

Wire fraud is considered a consumer and title agent issue, but the millions of dollars it's diverting from home purchase transactions make it an issue mortgage lenders need to address, too.

Consolidation is coming in the mortgage industry, but a protracted timetable will continue to constrict industry profits.

Hometown Lenders Inc. will acquire TotalChoice Mortgage in a move to expand its geographic footprint and meet its goal of growing annual originations from $1 billion to $5 billion.

Equifax is supporting mortgage lender customer retention efforts with a new tool that predicts the likelihood that a lead will apply for a loan within the coming months.

Fintech adoption among real estate and title agents is accelerating, though their optimism on the housing market has tanked, according to First American Financial Corp.

Greenway Mortgage, a New Jersey lender that pledges to support charitable causes, is launching a consumer-direct digital mortgage division that will specialize in one-stop shopping for home renovations.

Private mortgage insurers are moving away from traditional rate cards in favor of more granular risk-based pricing to make their products more competitive and efficient for lenders.

Altisource Portfolio Solutions plans to discontinue its buy-renovate-lease-sell business for single-family homes and sell its short-term inventory in order to cut costs and repay debt.