The MBA and CHLA have issued statements showing mortgage industry support for a new executive order that would limit state regulation of artificial intelligence.
Beginning March 3, seller/servicers that use artificial intelligence or machine language in the origination of loans sold to Freddie must ensure those systems comply with applicable law.
Figure generated $89.8 million of net income in the third quarter, well beyond the $29.4 million in income the company had in the first half of the year.
The nonbank is poised to begin servicing new originations in the first quarter of 2026. And outstanding volume will shift from subservicers during the year.