Mr. Cooper and all of its servicing functions will be rebranded “under the Rocket umbrella.”

Sens. Elizabeth Warren, D-MA, and Andy Kim, D-NJ, wrote to the leader of the Federal Emergency Management Agency, citing issues with the National Flood Insurance Program.

Home prices declined on a monthly basis for the second consecutive month in July, according to FHFA.

CFPB proposal on ECOA being reviewed by OMB; NTEU drops one lawsuit against CFPB; ABA asks federal agencies to make sure OCC upholds a national bank preemption standard.

Better, which does not service loans, has new originations partnerships with two unidentified companies.

One senior vice president of AI solutions at Lennar Mortgage said there are various reasons for lenders’ hesitancy in adopting AI.

There was little detail on the resignation of Fannie Mae director Karin Kimbrough, who departed early last week.

Industry analysts at a discussion hosted by the Bipartisan Policy Center detailed numerous complications involved in ending the conservatorships of Fannie Mae and Freddie Mac.

The GSEs will modify reporting forms in November to allow underwriting based on VantageScore 4.0. Meanwhile, the MBA is working on a proposal that calls for dropping the tri-merge scoring process for certain borrowers.

Trade groups representing credit unions pushed back against suggestions that the institutions are creating risks, and called for status quo on certain GSE policies post-conservatorship.