Artificial intelligence like IBM's Watson may not make bank compliance officers obsolete, but it could mean far fewer of them will be needed in the future, focused on higher-level tasks.
IBM will purchase Promontory Financial Group a consultancy so influential it has been dubbed the industry's "shadow regulator" in a move that could extend artificial intelligence into every aspect of banking.
September 29, 2016
Toledo's mortgage delinquency rate improved in July, a month after a noticeable jump.
An Atlanta housing group has won a $1 million federal grant to buy and fix up vacant homes for low-income families.
Commercial mortgage loans held by life insurance companies provided lower returns in the second quarter than the previous one, according to the LifeComps Commercial Mortgage Loan Index.
State officials today will announce a $110 million program aimed at helping thousands of homeowners struggling to stay in their homes.
Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.
Counties could underwrite demolition work by levying a new fee on recorded deeds under a bill gaining momentum in the remaining weeks of the legislative session.
At up to $69 a pound, the organic Kona coffee produced by Mountain Thunder Coffee Plantation is worth guarding. But a security team outside the Hawaii farm being paid $2,000 a day isn't stationed there by farm owners Trent and Lisa Bateman.
A class-action lawsuit filed in federal court last month alleges that 72 Oahu homeowner associations and two law firms acting as their agents unlawfully foreclosed on 160 homes beginning in September 2010.
September 26, 2016
Freddie Mac plans to say it will start a pilot program to increase the amount of risk it shares with private mortgage insurers.
After decades of stalled promises to tear down the vacant rowhomes that have become symbolic of Baltimore's woes, Gov. Larry Hogan pledged at the start of the year that "thousands" would come down over four years with an infusion of $75 million in state money.
The Mortgage Bankers Association has detailed the features of a proposal to succeed the soon-to-be-defunct Home Affordable Mortgage Program.
Towd Point Mortgage Trust is adding more "dirty" pool assets into its fourth reperforming mortgage securitization of 2016.
Mortgage industry hiring and new job appointments for the week ending Sept. 23.
- Fannie Mae to Trigger 'Seismic Event' for Underwriting
- Wells Fargo Scandal Exposes Need for Bank Loan Officer Licensing
- FHA Opens Door for 'Spot Approvals' for Condo Loans
- GOP to CFPB: You Don't Deserve Credit for Catching Wells Fargo
- Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights
- First American Mortgage Solutions Makes Full Range of Services Available Through LendingQB
- Simplifile Adds 5 Counties in Western U.S. to Nations Largest E-Recording Network
- Simplifile Expands E-recording Network to Another 9 Southeast Counties, 14 Midwest Counties
- Simplifile Q2 2016 Report Finds Emerging Preference Among Lenders for Settlement Partners Who E-Record
- Another 23 Counties Across South, Midwest Adopt Simplifile E-Recording