Lenders Turn to AI for Efficiencies May 24, 2024 James Dohnert A&D’s in-house software development team spent two years working on AI tools for the lender's broker portal.Read More
Short Takes: Mortgage Performance Improves / New Cyberattack Reporting Requirements / Positive Outlook for Acra / GSE-Eligible IPLs in Non-Agency MBS May 24, 2024 Brandon Ivey The 30+ day delinquency rate stood at 3.09% at the end of April.Read More
AU Algorithms (AI) Under Attack in Two States. GSEs Could Be Impacted May 20, 2024 Dennis Hollier The AU systems embedded in Fannie’s Desktop Underwriter and Freddie's Loan Product Advisor could be impacted...Read More
Short Takes: Fannie Offers Direct Calculation for Self-Employment Income / New CES Issuer / Another Loss for Blend / Freddie Offers CRT May 9, 2024 Brandon Ivey To this point, access to Fannie's income-calculation tool was only available through third parties.Read More
Loss Widens at loanDepot, GOS Improves May 8, 2024 Paul Muolo A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.Read More
Short Takes: McCargo Moves On to FHLBank / Refis Drive Applications Up / Home Sales Expected to Increase / LO Comp Following Cyberattack May 8, 2024 Brandon Ivey Alanna McCargo was appointed as president and CEO of the Federal Home Loan Bank of San Francisco.Read More
Short Takes: Home Prices Rebound in February / Private-Equity Infusion for Blend / Profit at Two Harbors / Homeownership Unattainable April 30, 2024 Brandon Ivey Home prices jumped in February after a slight decline the previous month.Read More
Short Takes: Comment Deadline for Freddie Proposal / S&D MBS From loanDepot / Delinquencies Decline / Snapdocs a Leader in eClosing Timelines April 22, 2024 Brandon Ivey The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.Read More
Mixed Views Among Lenders on FHFA’s Title Pilot April 16, 2024 Dennis Hollier The MBA has concerns while the Community Home Lenders of America supports the effort.Read More
Figure Offers Alternative to MERS Registry April 11, 2024 Brandon Ivey Figure is touting its DART System as a more efficient and less expensive alternative to the MERS registry.Read More
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