Previously, Better’s LOs weren’t paid commissions and the lender focused on using technology to get loan applicants through the mortgage process.

The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.

“MBA objects to the bureau’s overbroad interpretation of the scope of its abusiveness authority,” wrote Pete Mills, a senior vice president of residential policy and strategic industry engagement at the MBA.

In 2023, the Fed realized a loss of $56 million on its agency MBS holdings.

Figure Technology Solutions filed a confidential S-1 statement.

“Our review found that when all relevant factors are controlled for, which CNN did not do, the difference in approval rates between Black and White borrowers falls to less than 1%,” said Debo Adegbile, a partner at the law firm of WilmerHale who was hired by Navy Federal to complete the review.

Visio Financial Services originated 56.2% of the loans in the $324.1 million investment property MBS.

The monthly decline in home prices in January was the first decline since August 2022.

Retail properties accounted for 68.5% of total losses...

Debt issued by nonbank mortgage firms continues to stay above 90 cents on the dollar, with one exception...