American Bankers Association Senior Counsel Kathleen Ryan said that the statement's examples of abusive conduct were based on “unproved and untested allegations in enforcement actions,” not on caselaw.

Brett McCracken, a principal at Stratmor, believes the best uses for AI in the near term are ones that take monotonous tasks off the plates of real people.

Several top lenders have outsourced originations of home equity lines of credit to Figure.

Officials, who were authorized to speak on background only, said the CFPB is working to preserve streamlined modifications and enhance consumer protections against behaviors like dual tracking.

The changes could address some of the issues that prompted bank failures earlier this year.

If mortgage providers struggle to meet covenant terms, warehouse banks advise early and honest communication before any violations occur.

The Federal Housing Finance Agency proposed codifying the new equitable housing finance plans of Fannie Mae and Freddie Mac.

An affiliate of Lone Star Funds is set to issue an expanded-credit MBS.

The correspondent channel captured 49.1% of originations in the first quarter, up from a 47.3% share in the previous quarter.

When interest rates on mortgages rise, young and middle-income consumers fall away from the mortgage market, according to a working paper from FHFA.