NewRez said AI can analyze customer data and preferences to recommend suitable products.

The American Bankers Association, U.S. Chamber of Commerce and the Independent Community Bankers of America, among others, allege the new CRA requirements violate the Administrative Procedure Act.

Prime non-agency MBS issuance increased by 4.3% on a sequential basis in the fourth quarter though for the full year volume was down 64.1%.

Leaders at FHA and VA haven't ruled out following the Federal Housing Finance Agency in a shift from a tri-merge score process to a bi-merge process.

The DOJ alleged that First National Bank of Pennsylvania continued a practice seen at Yadkin Bank of focusing mortgage lending disproportionately on white areas of Charlotte and Winston-Salem.

The National Community Reinvestment Coalition accused banks of hypocrisy for filing a lawsuit against new standards under the Community Reinvestment Act.

One thought: Nonbanks will use the cash to purchase MSRs from federally insured depositories...

A big chunk of the nonbank gains came through secondary-market acquisitions.

On a pre-tax basis, PennyMac’s production segment generated $39.4 million in income in the fourth quarter, up 56.3% from the previous quarter.

“While pausing foreclosures for these men and women was a step in the right direction, our veterans and servicemembers need to be able to bring their mortgage current while VA works on its long-term solution,” said Sen. Jon Tester, D-MT, chair of the Senate Veterans Affairs Committee.