Newrez has launched Rezi Mortgage Assistant, a consumer-facing custom GPT inside ChatGPT that delivers mortgage and home equity guidance grounded in the lender’s own underwriting guidelines and products, the company announced Wednesday. The Pennsylvania-based mortgage lender said Rezi Mortgage Assis

Rally Reverses, Leaving Bonds Weaker in The Afternoon The day began with promise, but devolved into yet another disappointment. After being almost a quarter point higher at 10am, MBS slid to an eighth point loss by the close. 10yr yields were as low as 4.44% early but were as high as 4.48% in the fi

Artificial intelligence is reshaping nearly every corner of the mortgage business at United Wholesale Mortgage (UWM), where chief technology officer Jason Bressler said the company is betting on AI agents to automate underwriting support and servicing operations at a massive scale. Speaking with Hou