The title insurance giant was one of several major mortgage players to suffer a hack late last year. https://www.nationalmortgagenews.com/news/first-american-financial-corp-says-breach-hit-44-000-people
NextGenMortgage
FHA greenlights higher fee for assumptions
The Federal Housing Administration also instituted a new language preference requirement that servicers must observe in transfers. https://www.nationalmortgagenews.com/news/fha-greenlights-higher-fee-for-assumptions
FTC files ‘junk fee’ complaint against payments firm Doxo
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too. https://www.nationalmortgagenews.com/news/ftc-files-junk-fee-complaint-against-payments-firm-doxo
Rocket appoints new chief technology officer in latest AI push
Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm....
Fannie Mae provides free access to income calculation tool
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said. https://www.nationalmortgagenews.com/news/fannie-mae-provides-free-access-to-income-calculation-tool