Rocket Mortgage was the top GSE seller in the direct channels in 23 states in the first six months of 2023. United Wholesale Mortgage was the leader in 12 states.
Trade groups representing lenders noted that mortgage originators typically have no control over AVM providers and have no way to assess the goals, design or data inputs that go into the models.
Researchers found that banks with large municipal bond holdings divert their mortgage business to geographically distant areas in an effort to mitigate exposure to trends in home price appreciation.
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