Short Takes: CFPB Plots Rule on Data Brokers / An AI Guarantee / Compliance Investment by Accounting Firm August 16, 2023 Brandon Ivey The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.Read More
Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management? August 15, 2023 Brandon Ivey Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...Read More
Blend Cuts More Staff in Effort to Turn Profit August 10, 2023 Brandon Ivey The layoffs will result in a $33 million reduction in operating expenses on an annual basis.Read More
Mixed Results for Black Knight, ICE in Second Quarter August 3, 2023 Brandon Ivey The mortgage market was "weaker than expected" in the second quarter, according to Black Knight's executive chairman.Read More
Lenders Can Limit Employee Access to Fannie Tech July 24, 2023 Dennis Hollier The feature was first rolled out in May...Read More
Short Takes: Standards for Fee Names / Originations Weaker Than Expected / Cash Share of Home Sales Declines / Supply and Demand July 20, 2023 Brandon Ivey MISMO provided some standards for nearly 200 fees that a borrower could see on a Loan Estimate form.Read More
ICE, Black Knight Plan to Sell Off Optimal Blue Business July 17, 2023 Brandon Ivey The FTC recently delayed an evidentiary hearing regarding the planned merger...Read More
Short Takes: One More Rate Hike? / Lender Offers AI Chatbot / New Jumbo MBS July 14, 2023 Brandon Ivey After one more interest rate hike, the Federal Reserve will likely take a break for awhile, S&P Global Ratings says.Read More
AI in the Mortgage Market: For ‘Mundane’ Tasks July 12, 2023 James Dohnert Brett McCracken, a principal at Stratmor, believes the best uses for AI in the near term are ones that take monotonous tasks off the plates of real people.Read More
Short Takes: New Expanded-Credit MBS / Home Price Appreciation Slows / Underwriting Standards Static / Home Equity Startup July 11, 2023 Brandon Ivey An affiliate of Lone Star Funds is set to issue an expanded-credit MBS.Read More