Mr. Cooper and all of its servicing functions will be rebranded “under the Rocket umbrella.”

The trade group said raising the exclusion will help "unlock supply in the housing market."

Sens. Elizabeth Warren, D-MA, and Andy Kim, D-NJ, wrote to the leader of the Federal Emergency Management Agency, citing issues with the National Flood Insurance Program.

Home prices declined on a monthly basis for the second consecutive month in July, according to FHFA.

Better, which does not service loans, has new originations partnerships with two unidentified companies.

One senior vice president of AI solutions at Lennar Mortgage said there are various reasons for lenders’ hesitancy in adopting AI.

The last time Chase issued an MBS focused on ARMs from other lenders was 2019.

DART is a lien and eNote registry built on the Provenance blockchain.

The average interest rate on a 30-year fixed-rate mortgage increased by four basis points from last week to 6.30%.

Hugh Frater, a former CEO of Fannie Mae, warned that merging the GSEs could reduce incentives for innovation and competition on pricing, among other issues.