The mortgage industry’s operational reboot is underway

Bruce Gehrke (pictured top), senior director of wealth and lending intelligence at JD Power, said the home equity numbers in particular stood out. “In just home equity — HELOC — the number is over 40% of current borrowers who opened a new HELOC within the last three months have used artificial intelligence to drive that…

As of 11:37 AM ET, the Dow Jones Industrial Average (^DJI -0.83%) is down 0.88% to 51,962, the Nasdaq Composite (^IXIC -0.66%) has fallen 0.73% to 25,996, and the S&P 500 (^GSPC -0.44%) is trading 0.45% lower at 7,586 as concerns over high energy costs and AI scaling pressure indexes. Today’s Change (-0.44%) -33.39 Index…

Josh Schuster has been sentenced to four years in federal prison for orchestrating a $13 million Ponzi scheme. The disgraced developer was also ordered to three years of supervised release on top of the prison stint, U.S. District Judge Valerie E. Caproni issued in a Tuesday hearing in the Southern District of New York.  “The…

The State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP +1.09%) offers lower-cost exposure to traditional energy, while the Invesco Solar ETF (TAN -2.06%) provides more volatile, high-conviction access to the renewable energy sector. These two funds represent opposite ends of the energy spectrum. One tracks companies pulling oil and gas from…