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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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VA Working to Improve Origination Tech

June 22, 2023
Monica Hogan
Currently, lenders log into a UI and enter data manually, which can lead to errors.
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Short Takes: Spring Homebuying Fizzles / Million-Plus Missed Refis / Housing Legislation Reintroduced / Reverse Stock Split

June 22, 2023
Brandon Ivey
High interest rates suppressed homebuying activity this spring.
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Spend More Money on IT, Approve More Loans?

June 12, 2023
Dennis Hollier
The new paper was penned by economists at Stanford University, the University of Florida and Boston College.
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Short Takes: Strong Economy Pushing Interest Rates Up / Potential Borrowers Waiting / Planet Home Expands Retail Footprint / Fractional Home-Equity Tokenization

June 2, 2023
Brandon Ivey
The market has priced in the likelihood of another Fed rate hike...
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Short Takes: State Farm Exits California / MSR Deals From Phoenix / MISMO Reference Model / FHFA Joins Disaster Mitigation Group

June 1, 2023
Sam Manas and Paul Muolo
State Farm has a 20% share of the homeowners market in the Golden State...
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OneMain Paying NY $4.25 Million for Security Failures

May 30, 2023
Sam Manas
The New York Department of Financial Services said OneMain failed to effectively manage user access privileges, improperly managed security policies for software development and failed to conduct due diligence for certain third-party vendors.
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Short Takes: Freddie Offers Automated Paystub Assessment / ‘Soft’ Credit Pulls From Blend / Non-QM MBS From Ares / Fintech Enters Warehouse Sector

May 23, 2023
Brandon Ivey
The GSE says the addition to its income assessment tool will expand access to credit.
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Short Takes: Applications Increase / Blend Gaining Market Share / Cenlar’s Information Factory / Sagent in India

May 10, 2023
Brandon Ivey
As interest rates declined, applications increased...
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Lenders Can’t Use AI Blindly, Advocates Warn

April 18, 2023
Sam Manas
Since the passage of the Equal Credit Opportunity Act and the Fair Housing Act, financial services providers have tried to “achieve fairness through blindness,” according to Kareem Saleh, CEO of disparity-analysis firm FairPlay.
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Latest Imf News

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