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MBA urges overhaul of mortgage rules in letter to OMB
The requests involve regulations tied to servicing, the Real Estate Settlement Procedures Act (RESPA) and loan officer compensation, among others.
FHA cites AI emergence as it ‘archives’ inactive policy documents
The agency has “archived” nearly 600 inactive policy documents, alluding to the utility of AI tools to locate and extract information.
Better leans on AI, sees first profitable month since 2022
CEO Vishal Garg outlined a strategy to scale partnerships, recruit seasoned LOs and diversify the company’s platform channels.
FHA Commissioner Julia Gordon gets to work
Mortgage industry stakeholders have described Julia Gordon as “extremely qualified” and a “pragmatic liberal who will bring people to the table.”
Lessons from lenders’ Q1 earnings amid epic volume drop
Origination volume dropped in Q1 but banks and non-bank lenders that sold off mortgage servicing rights saw the highest profits, earnings.
The mission behind Movement Mortgage’s ‘Grab the Key’
Grab the Key started as an educational video, but is now a program at Movement Mortgage to help more Black Americans become homeowners.
