While there is potential in the alternative data space to promote fair housing outcomes, the new methods come with their own concurrent risks, according to industry experts.
Feedback from mystery shoppers posing as would-be borrowers could help mortgage lenders meaningfully improve customer experience, according to Stratmor Group.
The data analytics firm said its web-based appraisal tool Validate will help streamline the valuation process by removing obstacles caused by traditional in-person appraisals.
FHA is taking comments through April 27 on a draft mortgagee letter meant to spur more affordable mortgage financing for properties with accessory dwelling units.
The government-sponsored enterprises initiated fewer forbearance plans for their borrowers in January than in December 2022, according to a new foreclosure prevention report from the Federal Housing Finance Agency.