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.

With the spring homebuying season just around the corner, lenders may want to staff up...

Agency-eligible production accounted for 87.1% of first-lien originations in the fourth quarter, up from 81.1% a year ago.

Public Citizen Litigation Group applauded the decision that confirms federal agencies can't escape accountability when they fail to comply with their responsibilities to consumers under the Fair Credit Reporting Act.

The nonbank is set to have a $1.1 trillion portfolio as of the end of March.