Among 27 publicly owned banks, 20 saw income fall in the fourth quarter, and five recorded losses for the period.

Congress must examine AI carefully, to determine “whether AI is extending and reinforcing biases, and how it has the potential to correct them,” according to Sen. Tina Smith, D-MN.

Mortgage industry participants are making projections on when "higher for longer" turns in to rate cuts by the Fed.

The single-family segment accounted for 91.4% of total net income at Freddie in the fourth quarter.

Lenders delivered $41.06 billion of loans to Fannie Mae and Freddie Mac in January.

In late 2022, Academy agreed to pay $38.5 million in damages to resolve allegations it violated the False Claims Act.

According to data from the Bureau of Labor Statistics, 94.7% of appraisers are white and 0.6% are Black.

Demand for both purchase mortgages and refinances declined as interest rates ticked up.

The correspondent channel accounted for 37.0% of agency deliveries in the fourth quarter, up from a 34.6% share the previous quarter.

Federal regulators noted issues examiners look for regarding valuation discrimination and bias.