Intercontinental Exchange maintained its guidance for low- to mid-single digit revenue growth this year from its mortgage technology segment, supported by incoming clients.
The perceived morality of mortgage forbearance increases when the borrower pays for the option to forbear, regardless of the political affiliation or personal characteristics of the borrower, according to researchers.
The use of positive rental payment data and cash flow underwriting in new credit score models is expected to increase the number of borrowers that qualify for mortgages.
Rocket Mortgage is leaning on artificial intelligence to improve lending efficiency. The nonbank is wrapping up its acquisition of Mr. Cooper and already seeing benefits from its acquisition of Redfin.
Lenders in the mortgage industry are grappling with legal and regulatory requirements as they embrace artificial intelligence to enhance their operations.
Figure Technology Solutions recently launched Democratized Prime, a marketplace to fund home equity lines of credit with capital from institutions and individuals.
Mortgage rates aren’t expected to move down much even if the Fed cuts interest rates next month; GSE economists slash projections for home price appreciation; ICE integrates origination and servicing platforms to originate home equity loans; majority of homeowners feeling financially stressed.
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