The release is expected to help lenders and investors evaluate the performance of FICO 10T.

The industry’s pipeline of loans held for sale was also reduced in the first quarter.

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.

Only about a third of nonhomeowners can afford a starter home, a new LendingTree survey finds.

Changes in capital requirements could open the door to greater bank participation in the mortgage market though.

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.

Home prices were up 0.3% from April, according to First American Data and Analytics.