The Federal Housing Finance Agency is seeking authority to pursue fraud more aggressively in its latest annual report to Congress. Processing Content The agency, which Director Bill Pulte calls U.S. Federal Housing, requests statutory amendments that would call for the agency to “make appropriate referrals on discovering suspected fraud” and give it more authority to […]
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In its latest push toward advancing artificial intelligence goals, PennyMac Financial Services will strengthen its partnership with Amazon Web Services, enhancing processes with borrower-facing conversational AI agents and modernization of its servicing platform. Processing Content The investments underscore the company’s strategy for “a comprehensive AI transformation” with the backing of AWS’ engineering resources to focus
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A trio of the mortgage industry’s biggest names — Rocket, Fannie Mae and Freddie Mac — had their stock ratings downgraded by BTIG to neutral from buy. Processing Content On the other hand, its favored names for the last six months of the year among the publicly traded mortgage companies are Rithm and UWM Holdings,
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