Editor in Chief Sarah Wheeler sat down with Lofty CTO Henry Li to talk about the boundaries of artificial intelligence and how it’s reshaping his company’s roadmap. Sarah Wheeler: What differentiates Lofty’s technology?Henry Li: Lofty is a platform product — that’s been our vision from day one. We w

Attorneys for the U.S. government, working on behalf of Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). These were primarily in response to the bank’s prior motion for a partial s

Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising.According to the Mortgage Bankers Association (MBA), the second-quarter 2024 d

Swiss bank UBS Group AG has decided to sell Credit Suisse’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street, HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. Representatives at Credit Suisse, Davi