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Short Takes: CFPB Plots Rule on Data Brokers / An AI Guarantee / Compliance Investment by Accounting Firm

August 16, 2023
Brandon Ivey
The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.
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Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management?

August 15, 2023
Brandon Ivey
Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...
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Blend Cuts More Staff in Effort to Turn Profit

August 10, 2023
Brandon Ivey
The layoffs will result in a $33 million reduction in operating expenses on an annual basis.
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Mixed Results for Black Knight, ICE in Second Quarter

August 3, 2023
Brandon Ivey
The mortgage market was "weaker than expected" in the second quarter, according to Black Knight's executive chairman.
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Lenders Can Limit Employee Access to Fannie Tech

July 24, 2023
Dennis Hollier
The feature was first rolled out in May...
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Short Takes: Standards for Fee Names / Originations Weaker Than Expected / Cash Share of Home Sales Declines / Supply and Demand

July 20, 2023
Brandon Ivey
MISMO provided some standards for nearly 200 fees that a borrower could see on a Loan Estimate form.
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ICE, Black Knight Plan to Sell Off Optimal Blue Business

July 17, 2023
Brandon Ivey
The FTC recently delayed an evidentiary hearing regarding the planned merger...
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Short Takes: One More Rate Hike? / Lender Offers AI Chatbot / New Jumbo MBS

July 14, 2023
Brandon Ivey
After one more interest rate hike, the Federal Reserve will likely take a break for awhile, S&P Global Ratings says.
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AI in the Mortgage Market: For ‘Mundane’ Tasks

July 12, 2023
James Dohnert
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.
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Short Takes: New Expanded-Credit MBS / Home Price Appreciation Slows / Underwriting Standards Static / Home Equity Startup

July 11, 2023
Brandon Ivey
An affiliate of Lone Star Funds is set to issue an expanded-credit MBS.
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