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...

Two large nonbank retail lenders took losses in the fourth quarter, with officials stressing that better days are ahead. Guild is growing through M&A while loanDepot is reducing its staffing.

Lenders look to remote online notarization; Ocrolus offers rep-and-warrant coverage for income calculations; ICE offers tool to facilitate reconsiderations of appraisals; Planet Home launches products to help borrowers compete with cash offers; property insurance costs rise nearly 20%; Flagstar plans tech accelerator program; disconnect on homebuyers’ plans and saving for a downpayment.

Closed-end second liens accounted for an estimated 19% of home equity production in 2023, up from a 13% share in 2022.

CHLA asked FHFA and FHA to scrutinize employment-verification prices charged by Equifax.