Julie McCurley, director of servicing at Mortgage Quality Management & Research, noted that subservicers typically review 10% of their entire portfolio, which consists of loans from multiple clients, providing a low probability for one client’s loans to be reviewed in a subservicer’s audit cycle.

The San Francisco FHLBank says the move will allow it to expand the pool of creditworthy applicants.

Michael Strauss is accused of funneling roughly $27 million out of the company before its demise in the summer of 2023.

The MBA was part of a trade group coalition that called on the VA to align minimum property requirements with standards already established by the GSEs.

One possible option for Finance of America is a reverse stock split...

New legislation would establish an ombudsman’s office to assist financial institutions navigating the CDFI application process.

A new SEC report says research analysts "inadvertently" sent email with confidential pending rating action information to people outside the rating agency.

The Fed provided a list of “sound practices” for HMDA reporting, including recommending oversight by the bank’s board and senior management, standardized processes and training.

Congress must examine AI carefully, to determine “whether AI is extending and reinforcing biases, and how it has the potential to correct them,” according to Sen. Tina Smith, D-MN.

According to data from the Bureau of Labor Statistics, 94.7% of appraisers are white and 0.6% are Black.