Lenders delivered $174.26 billion in loans into Fannie Mae and Freddie Mae mortgage-backed securities in the second quarter, a robust 37.9% sequential increase.
American Bankers Association Senior Counsel Kathleen Ryan said that the statement's examples of abusive conduct were based on “unproved and untested allegations in enforcement actions,” not on caselaw.
Brett McCracken, a principal at Stratmor, believes the best uses for AI in the near term are ones that take monotonous tasks off the plates of real people.
Officials, who were authorized to speak on background only, said the CFPB is working to preserve streamlined modifications and enhance consumer protections against behaviors like dual tracking.