Trade groups representing lenders noted that mortgage originators typically have no control over AVM providers and have no way to assess the goals, design or data inputs that go into the models.

Like most mortgage-related firms, Blend has struggled with lower originations, which has translated into declining revenue.

The FCC proposal would allow consumers who have provided prior express consent to receive autodialed or prerecorded voice calls to revoke consent through any reasonable means.

Waters called for various community benefits to be included in FTC approval of the merger, along with antitrust provisions and cooperation between the FTC and Financial Stability Oversight Council on oversight of the combined ICE entity.

Some 195,000 mortgages were in forbearance as of the end of July, according to the Mortgage Bankers Association.

Not all lenders are cutting staff...

The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.

Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...

The layoffs will result in a $33 million reduction in operating expenses on an annual basis.

The mortgage market was "weaker than expected" in the second quarter, according to Black Knight's executive chairman.