AI is being used across the compliance process to make reviews more efficient, according to industry experts who spoke on a podcast hosted by the Conference of State Bank Supervisors.
The rating service is treating the $1.65 billion of equity provided by Oaktree Capital Management and the Ishbia family as debt for UWM rather than as equity.
Bayview acquired $28.91 billion in unpaid servicing principal balance during the quarter, a nearly 90% increase in bulk acquisitions compared with its activity in the first quarter.
MBS disclosures show that, from April to June, VantageScore 4.0 has only been used to qualify roughly $579 million in mortgages in Fannie Mae or Freddie Mac pools.
Despite a modest increase in volume in the second quarter, large independent mortgage lenders saw their market share fall to its lowest level since the fourth quarter of 2024. (Includes two data tables.)