Federally insured depository PNC has been trimming the head count in its origination business while bulking up on mortgage servicing rights.

It’s never good news when companies see their share price break the buck. Better.com and Finance of America are facing that prospect. The big question: How much time do they have left to right the ship?

Even though machine learning and other forms of artificial intelligence have made the mortgage industry much more efficient, experts are less optimistic it can reduce racial inequity in the system.

The guidance outlines when consideration of a credit applicant’s immigration status could violate the Equal Credit Opportunity Act.

In a review of the Federal Home Loan Bank system, the Federal Housing Finance Agency riled some mortgage industry participants by failing to endorse expanding FHLBank membership to include nonbanks.

New guidance from the Financial Stability Oversight Council makes it easier for FSOC to increase regulatory requirements for large nonbank financial companies. The move doesn’t sit well with the mortgage industry.

The profit picture is improving at many shops, but a discernible increase in originations will be needed before the industry can breathe easier.

Cenlar, the largest subservicer in the mortgage industry, has been on a middle- and senior-manager hiring spree the past 18 months as it tries to meet the demands of an OCC consent order filed two-plus years ago.

Consumer Financial Protection Bureau Director Rohit Chopra recently advocated for a Community Reinvestment Act-like regime for nonbanks at the state level. Trade groups reiterated their opposition to such a move.

Home insurance industry groups highlighted the factors behind the dramatic rise in home insurance premiums during a Capitol Hill hearing.