Inviting the solicitor general to weigh in on federal bank preemption indicates that the high court is considering whether to revisit the matter, according to industry attorneys.

It's unclear if mortgages can be fully AI-originated and still comply with state and federal laws.

Glenn Agre Bergman & Fuentes added four attorneys to its structured financial products litigation practice this year.

Nikitra Bailey, executive vice president of the National Fair Housing Alliance, sharply criticized the investigation.

Some industry attorneys are skeptical whether mortgages can be fully AI originated, while still meeting compliance obligations.

"Let’s go out and be proactive and demonstrate that we can govern ourselves effectively," said Brian Vieaux, president of MISMO.

An Oregon district court judge last month held that the combined earnings of the Federal Reserve refers to the central bank’s revenue before expenses are subtracted.

MISMO’s mortgage-specific AI framework isn’t the only option the mortgage industry can use for governance.

The complaint, brought by a former underwriter, accuses Equity Prime Mortgage of misclassifying underwriters as exempt from overtime under the Fair Labor Standards Act.

The GAO assessed the extent to which the CFPB implemented controls to ensure that employees of the now-defunct DOGE initiative would adhere to the bureau’s IT security rules.