"The challenge is getting the requisite understanding of risk, providing the governance infrastructure and really creating the level of transparency and understanding that allow for a less sophisticated lender to adopt this technology," said John Levonick, a senior partner at the law firm of Garris Horn.

FHFA created U.S. Financial Technology, a company that will take over Common Securitization Solutions.

“Borrowers should find comfort in the stability of mortgage rates,” said Sam Khater, chief economist at Freddie Mac.

Sales of new single-family homes declined by 13.7% on a monthly basis in May.

Legislation to limit trigger leads passed the House and Senate with minor differences.

Annual home price appreciation slowed to 2.1% in May, the lowest level seen since March 2012.

According to MERS, currently 267 lenders, 29 servicers and 12 subservicers use eNotes.

The OCC said its current stance on preemption is in line with the Dodd-Frank Act and Supreme Court precedent.

In nearly every session at the Non-QM Forum Thursday, panelists made it a point to mention artificial intelligence and the benefits of using the technology in the non-QM space.

Beginning June 16, custom single-family pools in the Ginnie II program won’t be subject to the 10% concentration limit on mortgages with buydowns.