The platform, akin to ChatGPT, was developed in partnership with Microsoft, Google and OpenAI.
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Industry organizations indicated they want to be ready to analyze an advanced credit metric in early 3Q in line with FHFA plans, but they see some roadblocks.
May 16
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The platform, akin to ChatGPT, was developed in partnership with Microsoft, Google and OpenAI.
May 16 -
The lender will take care of settlement agent duties for a flat $1,850 fee, expanding on its previous title alternative program.
May 16 -
The lender will advertise Mortgage Matchup, which features brokers, with prominent television and on-court advertisements during games.
May 16 -
The Supreme Court issued an opinion Thursday morning that was unequivocal in its view that Congress is constitutionally empowered to fund agencies with open-ended and indirect funding mechanisms, overruling a 5th Circuit opinion from 2022 that found that executive branches must be subject to direct Congressional appropriations.
May 16
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A presidential advisor for housing could be the solution for the "alphabet soup" of federal agencies that don't understand the industry, Mortgage Bankers Association CEO Bob Broeksmit said.
May 15 -
The engine, rebranded as ICE PPE, was considered not as robust as the Optimal Blue product it was forced to sell in the Black Knight deal.
May 15 -
The National Association of Home Builders/Wells Fargo index of housing market conditions fell by 6 points to 45 in May, the lowest level since the start of the year.
May 15 -
Refinance activity jumped for a second week, as interest rates trended downwards, the Mortgage Bankers Association found.
May 15 -
The number of borrowers who are at their credit limits is approaching its pre-pandemic level, and the percentage of balances that are sliding into delinquency has hit its highest rate in more than a decade, according to new research. Still, card companies are generally expressing optimism about their credit outlooks.
May 14
