Freddie Mac is updating its guidelines to include explicit language requiring mortgage companies to establish a clear artificial intelligence framework governing the technology’s internal use. The new rules become effective on March 3, 2026 and mandates compliance with the policy for businesses using AI and machine-learning tools in connection with loans sold to or serviced […]
Freddie Mac issues updates mandating AI governance Read More »
Rithm, Rocket and Dynex are BTIG’s favorite mortgage stocks heading into 2026 following a strong year for the industry’s publicly traded companies in general, driven by an accommodative Federal Reserve policy. That allowed industry stocks to rebound after the “Liberation Day” tariff announcements in April. “We expect earnings and stock valuations across the mortgage sector
Rocket, Rithm and Dynex are BTIG’s favorite mortgage stocks Read More »
Bank mortgage servicers dominate the top of the first ever J.D. Power U.S. Mortgage Servicer Digital Experience Study, highlighting the slower industry-wide adoption of mobile apps in this area. The bank lenders have had mobile apps in the marketplace much longer than most non-banks. Of the 17 mortgage servicers that received scores, seven of the
Bank servicers lead new J.D. Power digital app rankings Read More »
Wholesale lender Nations Direct Mortgage will settle a class action suit resulting from a 2023 cyberattack that led to the leak of personal data belonging to more than 83,000 consumers. The Henderson, Nevada-based business first began notifying victims and regulators in the months following a one-day cyber incident took place in late December 2023. Following
Nations Direct agrees to settlement over 2023 data breach Read More »
A major cloud vendor is suing Amerisave Mortgage for nonpayment, a lawsuit the lender has countered by claiming the vendor’s solutions didn’t work. The publicly traded Ringcentral sued the Atlanta-based direct-to-consumer shop in October, with damages filed under seal to protect the company’s pricing information. Amerisave has denied the breach of contract allegations and filed
Amerisave, RingCentral clash in mortgage tech lawsuits Read More »
The goal for artificial intelligence in mortgage isn’t total automation, but misunderstandings surrounding the purpose of the technology can lead some to believe it is, resulting in a certain level of apprehension and mistrust today. If anything, the technology industry’s efforts to market AI, particularly its ability to automate, might be too successful, unintentionally creating
AI marketing might create mortgage adoption hesitancy Read More »
Figure filed for a proposed offering of its new Blockchain Stock Monday, with hopes of disrupting the vertical equity stack. The Blockchain Stock will be a blockchain-native class of equity securities, trade on Figure’s alternative trading system and will be convertible one-for-one into shares of Figure’s Class A Common Stock, the company said in a
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Intuit and OpenAI announced a multi-year partnership Tuesday, marking another stride in the financial sector’s push toward widespread adoption of AI. Under the agreement, Intuit-powered apps, such as Intuit TurboTax, Credit Karma, QuickBooks and Mailchimp, will be in ChatGPT, allowing users to take financial actions directly through the AI chatbot. With knowledge of their financial
OpenAI–Intuit deal brings financial actions to ChatGPT Read More »
Fraud and misrepresentation remain persistent challenges in the mortgage industry and Freddie Mac is responding by bringing Quality Control Advisor Plus to the market, a tool which automates this compliance function. The tool is currently in a phased onboarding process with plans to make it available to all lenders by year-end, including the participants in
Freddie Mac adds mortgage quality control automation tool Read More »
Better Home & Finance will likely be in the red for a while, but is gaining momentum with new partnerships and growing volume, its CEOVishal Garg said in a Thursday earnings call. The New York City-based lender posted a $39.1 million net loss for the third quarter, and hasn’t gotten much closer to breaking even
Better’s $39M loss masks growth momentum Read More »