Short Takes: Applications Increase / Blend Gaining Market Share / Cenlar’s Information Factory / Sagent in India May 10, 2023 Brandon Ivey As interest rates declined, applications increased...Read More
Lenders Can’t Use AI Blindly, Advocates Warn April 18, 2023 Sam Manas Since the passage of the Equal Credit Opportunity Act and the Fair Housing Act, financial services providers have tried to “achieve fairness through blindness,” according to Kareem Saleh, CEO of disparity-analysis firm FairPlay.Read More
AI Shows Promise for Mortgage Industry April 6, 2023 Sam Manas ChatGPT and similar artificial intelligence offerings can be used to improve efficiencies at mortgage companies.Read More
Short Takes: Rate Locks Increase / Freddie Partnership Builds Credit Scores / California Even Less Affordable April 6, 2023 Brandon Ivey Bank failures helped to drive down interest rates on mortgages in March, which led to an increase in rate locks.Read More
Long Timeline for New Credit Score Models at GSEs April 5, 2023 Dennis Hollier New credit scoring models will be fully implemented by the GSEs near the end of 2025, according to FHFA.Read More
Short Takes: More from CFPB on LEP / Garris Horn Adds Attorneys / MISMO Tech for Servicing Transfers March 30, 2023 Sam Manas and Brandon Ivey
Short Takes: Buffett Buys Some Mortgage Assets / MSRs for Sale / Funding Mortgage Tech: Flagstar / The BKI Sale: Ice, Ice, Baby / Better.com’s Reduced Valuation February 28, 2023 Paul Muolo Lenders may be facing tough times but that isn’t stopping some shops from seeking out good ideas in the tech space.Read More
HUD Faced Difficulties Facilitating Telework February 15, 2023 Monica Hogan HUD telework infrastructure was insufficient, at times, during the pandemic, according to findings by HUD’s Office of Inspector General.Read More
A Problem for Mortgage Servicers: Rising Costs February 8, 2023 Paul Muolo Albrecht cited “increased costs for technology and staff to handle dramatically higher regulatory demands from multiple states and the feds.”Read More
Congress Closed Out 2022 Approving New FHA Funding, More... January 6, 2023 Brandon Ivey Lenders were particularly happy about the increases in FHA’s budget.Read More
RSS