Critical defects increased for the second consecutive three-month period, with appraisal-related errors nearly doubling, Aces Quality Management said.

Companies are seeing evidence of income falsification, which previous research shows is the most common type of fraud or defect risk.

The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.

One in every 123 purchase applications showed indications of fraud in the second quarter, outpacing the first, the report found.

The FBI, NSA and CISA highlighted the emerging dangers of AI-powered deepfakes in phishing campaigns and cataloged protections companies can deploy.

The three former Washington Federal Bank for Savings board members were accused of giving the OCC false information in an attempt to hide embezzlement. They could face up to five years in prison for attempting to deceive the OCC.

Pingora Loan Servicing still hasn’t disclosed the full scope of last fall’s hack impacting at least 169,000 customers across four states.

Depository originators lose 68 cents per $1 more than their nondepository competitors.

Danny Yen, owner of Real Estate Educational Services, received a permanent ban on conducting future related training and agreed to testify in any legal proceedings against originators he assisted.

Error findings related to income and employment reached a high point since Aces Quality Management started its report in 2016.