The Mortgage Bankers Association launched a housing affordability action plan with 20 policies that can help reduce the cost of housing "with the stroke of a pen."

It's unclear if mortgages can be fully AI-originated and still comply with state and federal laws.

Pulte's planned speaking spot at the MBA conference went from in-person to virtual to canceled.

Nikitra Bailey, executive vice president of the National Fair Housing Alliance, sharply criticized the investigation.

Trade groups said aligning ROV policies across mortgage programs would be preferable.

At most, 3.5% of mortgage borrowers in recent years opted for a lender they found via a trigger lead, according to estimates by the Government Accountability Office.

"Let’s go out and be proactive and demonstrate that we can govern ourselves effectively," said Brian Vieaux, president of MISMO.

Artificial intelligence technology is creating new risks for mortgage lenders, according to experts speaking at a recent Mortgage Bankers Association conference.

James Hodge, FHFA’s acting principal deputy inspector general, said the OIG is likely going to have to reduce its staff by upwards of 80% due to the reduced funding and the OIG will cease criminal investigations.

The average interest rate on a 30-year fixed-rate mortgage hit 7.28% Thursday, according to Freddie Mac.