A foreclosure action against a borrower for alleged mortgage fraud landed a Florida-based lender in court for punitive damages.

The securitization is linked to short-term loans with an outstanding balance of $1.42 billion.

Figure is touting its DART System as a more efficient and less expensive alternative to the MERS registry.

The high inflation reading for March is one factor that will keep interest rates higher for longer.

A dip in United Wholesale Mortgage stock last week, driven by a report from a hedge fund that shorted the nonbank, has raised awareness on the number of mortgage companies that are being shorted.

A request for input from the CFPB is expected in the coming weeks.

Morgan Stanley is packaging GSE-eligible mortgages for investment properties into non-agency MBS.

Inflation figures for March were higher than anticipated, leading to a spike in the 10-year Treasury yield.

Rocket plans to offer its AI platform to other companies later this year.

Better saw improvements in its pull-through rates in a pilot program in which the lender paid its LOs commissions. The lender found that its no-commission model didn’t work well for purchase mortgages.