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.

“If I were a dues-paying member of these trade groups, I might ask for my money back,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, commenting on bank trade groups challenging revisions to CRA standards.