An analysis of earnings reports from 18 lenders showed combined income from production and secondary marketing declined from the first quarter. Servicing income also decreased. (Includes data tables.)

Lenders are pushing for changes to a Colorado rule that will create new obligations for developers and deployers of automated decision-making technology that materially influences consequential decisions.

Mortgage originations through banks’ retail channel increased by 17.2% from the first quarter to the second. Mortgage sale activity was also up, by 6.7%. (Includes two data tables.)

The homebuying platform’s new mortgage platform adds fixed-rate and adjustable-rate purchase mortgages to its product mix.

MSR owners risk paying for fees they’re not responsible for and potentially overpaying for contracts if they don’t regularly review subservicer invoices, said Steve Stone, managing director at consultancy Garrett, McAuley and Co.

CloseClear.ai’s platform monitors mortgage pipelines against live federal disaster data to flag GSE repurchase risk after an appraisal has been completed.

Homeownership remains a priority even as potential homebuyers face elevated interest rates.

Mortgage-banking income declined by 6.1% on an annual basis in the first half of the year. At Chase, the largest bank in the mortgage market, a drop in servicing revenue more than offset an increase in production revenue. (Includes one data table.)

GSE officials suggested that a robust governance framework can help firms responsibly scale use of AI. Industry participants are also facing increasing risks from the technology.

Repurchases and indemnifications by banks and thrifts increased by 16.5% from the first quarter to the second. Repurchase reserves declined by 3.9% during that time. (Includes one data table.)