Federal agencies aren’t immune from civil monetary penalties for Fair Credit Reporting Act violations, the Supreme Court ruled last week.

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.

A Senate Banking subcommittee last week heard testimony on the pros and cons of using artificial intelligence in the housing industry.

While Senate Democrats largely called for additional federal aid, Republicans sought more accountability for existing programs.

Public Citizen Litigation Group applauded the decision that confirms federal agencies can't escape accountability when they fail to comply with their responsibilities to consumers under the Fair Credit Reporting Act.

Fitch Ratings warned that MBS and ABS could face credit implications following cyberattacks involving the parties in structured finance transactions even when the events don’t directly lead to payment defaults.

Federal Reserve Chair Jerome Powell acknowledged that housing sector activity has been largely subdued due to high interest rates. However, he said the central bank is “not targeting housing price inflation.”

The bill seeks to provide VA borrowers a partial claim loss-mitigation option to use after they exit a forbearance.

The vast majority of FHA originations end up in Ginnie Mae mortgage-backed securities.

Leaders at FHA and VA haven't ruled out following the Federal Housing Finance Agency in a shift from a tri-merge score process to a bi-merge process.