A new proof-of-concept between Amazon Web Services and Rocket Close highlighted the potential to use AI to extract data from complex mortgage documents.
The lawsuit alleges that Unison lured Colorado homeowners into high-cost home equity agreements by falsely marketing its product as an interest-free option contract.
About six in 10 parents have provided or plan to provide financial assistance to help their child buy a home, according to a new survey released by Veterans United Home Loans.
“This combination of credit quality, yield and rate protection has drawn interest from asset managers, insurance companies and hedge funds,” said Adam Beeler, global head of strategic partnerships and new business development at Angel Oak Capital Advisors.
Originator collateral misrepresentation and servicer reporting fraud also received a notable portion of votes for the most concerning schemes in a new survey from the Structured Finance Association.