The reduction in costs helped lenders that maximize LPA maintain profitability while the industry as a whole experienced a negative 5.8% margin, according to findings from Freddie Mac.

“I want us to use it in a way that’s going to protect the company and protect the borrowers as well,” said Kiran Sahota, an executive vice president of technology at Freedom Mortgage.

A&D’s in-house software development team spent two years working on AI tools for the lender's broker portal.

The 30+ day delinquency rate stood at 3.09% at the end of April.

The AU systems embedded in Fannie’s Desktop Underwriter and Freddie's Loan Product Advisor could be impacted...

To this point, access to Fannie's income-calculation tool was only available through third parties.

A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.

Alanna McCargo was appointed as president and CEO of the Federal Home Loan Bank of San Francisco.

Home prices jumped in February after a slight decline the previous month.

The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.