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Mr. Cooper lays off originators while mortgage servicing business booms

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Citing impact of rising rates on mortgage originations, Mr. Cooper laid off 250 workers during the first quarter, with more reductions in store. Continue reading →

Google rolls out AI platform for mortgage lenders

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Google Cloud rolled out Lending DocAI in preview mode last fall with Roostify, a provider of digital mortgage solutions to lenders, on board as a strategic partner. Continue reading →

Stimulus package could create ‘chaos’ in mortgage industry

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A coalition of real estate and banking trade groups is calling on Congress to help banks with liquidity as they allow homeowners to forbear their mortgage payments. Continue reading →