Mortgage technology

Trump targets “onerous” state AI laws, wins lender support

Mortgage stakeholders are applauding President Trump’s latest executive order seeking to curb state-level regulation around artificial intelligence.  Processing Content The Trump Administration will target state laws and challenge them in court, and withhold certain grant funding for states with AI laws it deems onerous, according to the order signed Thursday. The directive suggests existing state […]

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Top Ethereum treasury enters manufactured housing market

Top Ethereum treasury enters manufactured housing market

Aerial View of a Manufactured, Mobile, Prefab Home Being Removed from a Lot in a ParkGreg Kelton – stock.adobe.com ETHZilla, one of the largest Ethereum treasuries in the United States, is entering the housing market with a recent partnership, further expanding its move toward real-world assets. Processing Content The technology company announced a deal Wednesday

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Rent reporting fintech Esusu raises  million

Rent reporting fintech Esusu raises $50 million

Renters using Esusu programs have reportedly realized an average increase of 45 points to their credit scores.Michael Nagle/Bloomberg Rent reporting platform Esusu raised $50 million in a Series C funding round, which it plans to use to scale three specific programs. Processing Content The New York City-based fintech now counts total capital raised to over

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Evolve faces suit over massive data theft

A class action lawsuit claims a ransomware gang stole more than 20 terabytes of information from vendor Evolve Mortgage Services in a purported incident the company has not disclosed. Former employee Rebekah Hardy sued Evolve last month in a Texas federal court for negligence, for failing to protect consumers’ data in a breach which allegedly

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Freddie Mac issues updates mandating AI governance

Freddie Mac is updating its guidelines to include explicit language requiring mortgage companies to establish a clear artificial intelligence framework governing the technology’s internal use.  The new rules become effective on March 3, 2026 and mandates compliance with the policy for businesses using AI and machine-learning tools in connection with loans sold to or serviced

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Rocket, Rithm and Dynex are BTIG’s favorite mortgage stocks

Rithm, Rocket and Dynex are BTIG’s favorite mortgage stocks heading into 2026 following a strong year for the industry’s publicly traded companies in general, driven by an accommodative Federal Reserve policy. That allowed industry stocks to rebound after the “Liberation Day” tariff announcements in April. “We expect earnings and stock valuations across the mortgage sector

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Bank servicers lead new J.D. Power digital app rankings

Bank mortgage servicers dominate the top of the first ever J.D. Power U.S. Mortgage Servicer Digital Experience Study, highlighting the slower industry-wide adoption of mobile apps in this area. The bank lenders have had mobile apps in the marketplace much longer than most non-banks. Of the 17 mortgage servicers that received scores, seven of the

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Nations Direct agrees to settlement over 2023 data breach

Wholesale lender Nations Direct Mortgage will settle a class action suit resulting from a 2023 cyberattack that led to the leak of personal data belonging to more than 83,000 consumers. The Henderson, Nevada-based business first began notifying victims and regulators in the months following a one-day cyber incident took place in late December 2023. Following

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Amerisave, RingCentral clash in mortgage tech lawsuits

A major cloud vendor is suing Amerisave Mortgage for nonpayment, a lawsuit the lender has countered by claiming the vendor’s solutions didn’t work. The publicly traded Ringcentral sued the Atlanta-based direct-to-consumer shop in October, with damages filed under seal to protect the company’s pricing information. Amerisave has denied the breach of contract allegations and filed

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AI marketing might create mortgage adoption hesitancy

The goal for artificial intelligence in mortgage isn’t total automation, but misunderstandings surrounding the purpose of the technology can lead some to believe it is, resulting in a certain level of apprehension and mistrust today.  If anything, the technology industry’s efforts to market AI, particularly its ability to automate, might be too successful, unintentionally creating

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