For nearly two hours on Wednesday, the Supreme Court discussed President Donald Trump’s bid to oust Federal Reserve Governor Lisa Cook, who is accused of committing mortgage fraud by allegedly misrepresenting occupancy requirements on loans for two properties. Several outlets — including The New York Times, CNN, NPR and The Wall Street Journal — reported…
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Delaware-based fintech company Prudent AI on Wednesday announced the launch of Prudent AI Upfront Income, a tool that it calls the mortgage industry’s “first universal income platform designed to calculate qualified income for any loan type in a single tool with same-day certainty.” The company explained in a press release that mortgage lenders can use…
The real estate industry is entering a decisive window as agentic AI moves from novelty to infrastructure. WAV Group’s new strategic white paper lays out how autonomous systems capable of planning, reasoning and executing multi-step workflows will reshape how brokers, agents, MLSs and vendors operate. Unlike generative tools that answer prompts, agentic AI proactively manages…
Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens. In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and…