Trade groups representing lenders noted that mortgage originators typically have no control over AVM providers and have no way to assess the goals, design or data inputs that go into the models.
Researchers found that banks with large municipal bond holdings divert their mortgage business to geographically distant areas in an effort to mitigate exposure to trends in home price appreciation.
Freddie Mac Multifamily hires; SpringEQ acquired by Cerberus Capital Management; NexTier Merges with Mars Bancorp; CoreLogic reports record low mortgage delinquencies.
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