NextGenMortgage

Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims. https://www.nationalmortgagenews.com/news/sprout-bankruptcy-embroils-pnc-bank-american-express

A multiyear agreement will enable Mphasis to use AWS platforms for modeling industry-use cases, especially concerning data extraction and document processing. https://www.nationalmortgagenews.com/news/amazon-mphasis-team-up-to-expand-gen-ai-in-lending-and-finance

At the same time, market share among a trio of the mortgage insurers shifted, data compiled by Keefe, Bruyette & Woods found. https://www.nationalmortgagenews.com/list/mortgage-insurers-business-mostly-flat-or-down-in-1q

Mother Lode Holdings' purchase of Wisconsin Title Service adds to its network, which is concentrated in the Western U.S. https://www.nationalmortgagenews.com/news/first-american-subsidiary-acquires-wisconsin-businesses

Federal Housing Administration-backed lending was the only mortgage type to grow in volume at the end of last year, but the pace of decline among originations overall also slowed. https://www.nationalmortgagenews.com/news/fha-originations-show-signs-of-improvement-transunion