Industry leaders believe lenders need to work more closely with AI vendors to avoid compliance issues.

Two class-action lawsuits brought forward last month allege the company is trying to circumvent the Truth in Lending Act by claiming HEIs are not loans.

Figure has closed its first fully prefunded securitization of home equity lines of credit.

AI is gaining momentum as a tool used in the non-qualified mortgage underwriting process, according to executives at non-QM lenders.

An affiliate of Bayview Asset Management is marketing a mortgage-backed security of closed-end second-lien mortgages originated by Rocket Mortgage.

Hometap is now offering its home equity investment product in five new states: Georgia, Montana, Tennessee, Idaho and Delaware.

The Supreme Court ruled that the White House cannot remove Federal Reserve Governor Lisa Cook while her court challenge is pending.

Borrowers aren't shopping for the best rate.

Rocket and a number of other nonbanks have added home equity loans to their product offerings in recent years after refinance activity slowed.

Acra and BlackRock NQM Investments are jointly issuing the new MBS and BlackRock is retaining risk on the issuance.