Hometown Lenders is in default on its warehouse lines, a new lawsuit alleges. Not only is the lender in trouble but so is its CEO/owner, who gave his personal guarantees on the loans.

Rep. Maxine Waters, CA, ranking member of the House Financial Services Committee, wants more federal funding for FEMA flood maps and for the NFIP.

Banks need to use stochastic events to better prepare for the long-term impact of climate change, according to a CoreLogic analyst.

The FHA Mutual Mortgage Insurance Fund remained healthy despite the 30-basis-point cut in insurance premiums earlier this year.

With the supply of MSRs expected to grow, there are concerns that prices won’t hold up. Meanwhile, the CFPB is considering incentives for lenders to retain servicing.

Delinquencies in the 30-60-day bucket are increasing in line with trends in unemployment. Foreclosures remain limited though there are concerns about borrowers with low levels of built-up equity. (Includes data table.)

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.