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ICE adds AI search tool to compliance platform AllRegs

ICE Mortgage Technology has released Ask Regi, an AI-assisted search tool for its AllRegs platform that helps users quickly find regulatory guidance using conversational queries in addition to traditional keyword searches. The mortgage technology company said Ask Regi is designed to streamline response times “by delivering precise search result summaries of complex questions applied to AllRegs,…

Arizona Realtors, others dismissed from Masiello commission lawsuit

The Masiello commission lawsuit’s defendant list just got a bit lighter. On Friday, the suit’s lead plaintiff Joseph Masiello filed a motion to dismiss several parties voluntarily, but without prejudice, meaning that he could refile his suit against them in the future.  The dismissed parties include the Arizona Association of Realtors, Phoenix Association of Realtors,…

Builder confidence tanks as uncertainty over tariffs mounts

As uncertainty over tariffs mounted in February, homebuilder confidence sank. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell five points month over month in February to a reading of 42.  Economists also attribute concerns over elevated mortgage rates and continued high housing costs to dampening builders’ moods.  “With 32% of…

Rocket Mortgage will pay up to $5,000 in closing costs for renters

Rocket Mortgage on Tuesday unveiled RocketRentRewards, which the company says is the homeownership industry’s first offer to provide closing cost credits for renters. Under the program, homebuyers who use Rocket Mortgage as their lender can earn 10% back on the last 12 months of rental payments, receiving up to $5,000 in lender credits toward closing…