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.

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

NewRez received a "star" rating from Fannie Mae for general servicing, solution delivery and timeline management.

At yearend, Marlin owned roughly $43.87 billion in Fannie/Freddie MSRs...

Increasing prepayment speeds shouldn’t mar the servicing asset in the current quarter...

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

Rep. Maxine Waters, D-CA, reintroduced a package of bills aimed at affordable housing.

Rithm is in the process of buying Specialized Loan Servicing. The sale should close by March 31.

NewRez said AI can analyze customer data and preferences to recommend suitable products.

One thought: Nonbanks will use the cash to purchase MSRs from federally insured depositories...